What are the costs of selling a house in Malaga?
If you are thinking of selling and you still do not know the expenses that you are going to have for the sale of your home, we will inform you of everything you need in our blog.
Know all the expenses and how you can save.
What expenses are paid when selling a house?
The expenses that are paid when selling a house depend on the specific situation of the owner and the house. Each case has its particular characteristics and must be studied carefully before putting the house up for sale. The price at which the house is sold is just as important as the total amount that the owner has left after the sale.
The continuous changes in the laws and in the way of paying taxes in recent years have made the expenses they have to pay to sell a house almost incomprehensible to most citizens.
Between sentences of the supreme court on capital gains and the increase in personal income tax on the sale of housing, the expenses generated when selling have increased significantly.
And unfortunately we must pay the taxes correctly if we want to avoid being claimed later with the corresponding surcharges and a fine.
We recommend that you seek advice from a professional before putting your house up for sale and that they provide you with all the necessary information about the expenses that you are going to have to face and thus avoid last-minute scares.
Remember that at Valoracasa Inmobiliaria we advise you free of charge and without obligation on all the expenses and procedures derived from the sale of your house, carrying out a personalized study of your case and assigning you a personal advisor who will accompany you throughout the process.
Expenses before the sale
- Energetic certificate: It depends on the size of the house and the architect's fees. The energy efficiency certificate has been mandatory since 2013 for both homes for sale and for rent. Although some properties are exempt, all homes must have it by obligation. Its validity is 10 years so you should not fear that it expires.
- Lifting loads: It depends on the type of cargo and the debt to cancel. As a general rule, the charges entail at least the expense charged by the property registry for lifting the burden taxed on the property. In some cases, it is required to make a deed before a notary for the subsequent lifting of the load.
- Simple note: You can order it in person or online. It costs between €3 and €12. It is requested in the property registry of Malaga or through the web. In both cases you will have to prove the reason for the request and the registration data and/or ownership of the property.
- Certificate of occupancy: You must request it at the Town Hall and it costs approximately €100. Although as a general rule it is not requested for sale, some banks and buyers ask the seller to have the certificate of occupancy of the home, especially in the case of independent houses and chalets. The certificate of occupancy is necessary for registering electricity and water supplies in the home.
Expenses when selling a house
- Notary fee: Although by law the seller must pay part of the cost of the notary in the deed of sale, in Malaga, as a general rule, it is usually the buyer who pays the total amount. Notary fees are set by the scale of the official association of notaries that you can check on their website, although you can always find out in advance by calling the notary and checking the cost in advance.
- Certificates: It depends on the type of certificate that is needed for the notary signature. Some certificates must be provided by the client and others may be requested by the notary itself. The certificate of the administrator where it is recognized that the property has no debts with the community of owners is usually free, although some administrations may charge up to €42 as fees for generating said document. These fees are authorized and reflected in the official college of property registrars and must be paid before the document is withdrawn.
Expenses after the sale (Taxes)
- Municipal capital gain: It depends on many factors. There are also bonuses and deductions for special cases. Following a recent ruling by the Supreme Court on the illegality of the formula used by municipalities to calculate the tax, the government created a new formula that allows the taxpayer to choose between the one that suits him best.
- Personal income tax on the sale of housing: It depends on the net benefit obtained, on whether it is a primary residence and whether there has been reinvestment. As a general rule, between 19 and 25% of the profit obtained after the sale is paid. There are exceptions for the main residence in case of reinvestment within a period of two years from the sale, or for people over 65 years of age, both in the main residence and in other properties.
- IBI of the current year: Unless otherwise agreed, the seller must pay the IBI for the current year of the sale. In the event that it is agreed that the IBI be paid proportionally to the time of ownership, that is, that each one pays for the time that they have owned the house, it must be reflected both in the private contract of sale and in the deed. public before a notary.
How much are the expenses for selling a house in Malaga?
The costs of each of these procedures also vary depending on the type of real estate we decide to contract, the surface of our apartment, the time during which we have been owners, the net profit obtained and whether it is a habitual residence or not, among many others. stuff.
Each case must be studied in a personalized way and prepare a report in advance of the sale to finally know how much money you are going to have.
To know the expenses that you will have to pay to sell your house, you can request your free advice or visit any of our workshops.
Juan Rosado
CEO
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