Sell a mortgaged flat in Málaga

SELL YOUR MORTGAGED FLAT IN MÁLAGA

RELAX,
 VALORACASA TAKES CARE OF EVERYTHING.

VALORACASA

SELL YOUR HOUSE FAST WITH VALORACASA

SELL A MORTGAGED FLAT

At Valoracasa Estate Agents we help you sell your mortgaged flat and take care of everything you need so you don't have to worry about a thing.

Our advisors will manage all the necessary paperwork and sell your flat on the best terms and at the best price.

Thanks to our full management service, we'll save you time and money and carry out all the tasks and advertising campaigns needed to sell.

Discover our wide range of services to help you sell your mortgaged flat in Málaga.

Personal pre-sale study

We want to understand your case so we can adapt to your situation. A preliminary study before putting the flat on the market is essential to find the best solution and choose wisely.

The study involves analysing the client's personal situation and the flat being sold, as well as all the paperwork, to identify any formalities that may be needed to sell the property.

Removal of charges, VPO homes, inheritances, flats with tenants or squatters, seizures and debts, changes of ownership, dissolution of joint ownership, title proceedings, changes of use, subdivisions, debt negotiation and many other formalities that are essential for selling the property.

Calculating the costs of selling the flat

When selling your flat, it's important to know in advance the costs you'll have to pay before and after the sale.

If the flat needs any formality before going on the market, we'll tell you all the costs involved and every relief and saving you may be entitled to depending on your personal situation.

We'll also explain how all the costs arising from a sale affect you, such as municipal capital gains tax, removal of charges or tax on the sale.

Thanks to our management, you'll save time and money. Don't rush into selling your house without knowing all your rights and obligations.

Free valuation of the flat

Before selling your flat, you need to know what price you'll sell it for. Even if you already have an idea of the flat's price, it's important to have professional guidance and consult different sources.

We'll give you a Land Registry valuation and a comparison of the latest flats in the area with the same features as yours.

We'll also tell you about the current supply in the area so you know the competition you'll face when selling your flat.

Personal advisor

We'll assign you a personal advisor from the start of the sale to support you and keep you informed throughout the process.

Our advisors are highly qualified and continuously trained in every area of the property and finance sectors to guarantee you the most professional service.

We'll defend your interests at all times and you'll have full, detailed information on all the work being done in real time.

Preparing the flat for sale

With our home staging system, we'll make your flat appealing to buyers. We decorate and fix defects to significantly shorten the time it takes to sell.

A flat in poor condition takes much longer to sell, forcing the seller to lower the price several times before selling it.

Thanks to our preparation of the flat, you'll sell faster and avoid constantly negotiating the price.

Professional photography

We have a professional photographer and the most advanced imaging tools to capture the best of your flat.

Whatever its condition, every flat has strengths that need to be highlighted to attract buyers' interest, and that's our photographer's job.

• Photo shoot
• Property video
• Virtual reality
• 360° tour

Buyer database

All the paperwork is now ready and the flat is ready for viewings. Now we just need buyers to start coming.

Our buyer database includes more than 5,000 people interested in buying flats of various kinds.

To make it easier, our software tells us which of our buyers are looking for a flat with the same features as yours.

Buyer support department

Our coordinators will offer your flat every day to clients in our database. They'll contact buyers who match the search criteria and arrange viewings of the flat, adapting to our clients' schedules and needs.

We have extended viewing hours from Monday to Saturday so everyone can view the flats without difficulty.

We'll let you know well in advance how many viewings there are and when.

Marketing and advertising 

Since we don't like to leave anything to chance, even though we have a large buyer database, we can't rely on it alone to sell your flat.

Our marketing department will carry out tailored promotion of the flat to reach as many buyers as possible and attract their interest in buying.

• National and international property portals
• Daily flyer distribution
• Monthly print magazine
• Paid campaigns on Facebook and Instagram
• Promotion on our own channels: Telegram, Facebook, Instagram.
• Our own website with more than 10,000 unique visits a day
• Total reach of over 300,000 potential buyers

Buyer screening

We can't bring just anyone who responds to the ad to your flat. It's important to screen them and keep only those who are genuinely interested and solvent.

We screen buyers through two of our departments:

• Buyer support department: our coordinators send interested buyers the photos, videos and 360° tour of the flat so they can make sure it meets their expectations.
• Finance department: we advise each interested buyer, carrying out a solvency study to guarantee the transaction succeeds.

We don't aim to bring you lots of viewings and waste your time, especially unnecessary ones; we want to sell your flat in the shortest time and without hassle.

Management of viewings

We accompany every interested buyer on viewings of your flat and answer all their questions so they feel confident in their decision to buy.

Every viewing of your flat by interested clients is recorded in writing along with their opinion. That way you'll know directly from the buyer whether your flat catches their interest or not.

sell a flat fast in Málaga

Weekly results report

Every Friday we'll send you a summary of all the work we've done to sell your flat during the week.

The report includes the following information:

• Number of viewings
• Clients' opinions
• Offers made by interested buyers
• Advertising distributed in the area
• Promotion on property portals
• Paid social media campaigns
• Listing in the monthly magazine
• Display in the shop window
• Exclusive advertising campaigns
• Document management and processing

Preparing documents

Two types of documents are needed to sell a flat:

• The documents for the flat being sold
• The contract templates needed during the sales process

At Valoracasa Estate Agents we manage all the paperwork needed to sell a flat and draw up all the contract templates in line with the law.

All our templates are drafted by our lawyers specialising in property and guarantee the rights and obligations of the parties involved.

You won't have to worry about drawing up any contract or document, as our department will take care of everything for you.

In-house paperwork agency

Our agency specialises in all kinds of property formalities.

Valoracasa Estate Agents aims to give you a complete service that covers all your needs. That's why we don't want you to have to find and pay for a gestoría for your flat's formalities.

We handle all your formalities free of charge if you entrust us with the sale of your home, whatever the formality:

• Inheritance
• V.P.O.
• Dissolution of joint ownership
• Title proceedings
• Excess area corrections
• Declaration of new construction
• Declaration of extension
• Changes of use
• Subdivisions
• Removal of charges
• Lifting of seizures
• Horizontal division
• Certificate of habitability
• Municipal Housing Institute
• Municipal capital gains tax
• Registration at the Land Registry
• Drawing up contracts and legal documents
• Tax deferrals and extensions

And everything else you need to sell your flat!

Free mortgage processing for the buyer

Our mortgage department arranges the buyer's mortgage to ensure the transaction is viable at no extra cost.

Our direct involvement ensures the buyer gets a mortgage suited to their needs without having to travel and negotiate with each bank in person.

We screen the mortgage market to get the best mortgage, substantially shortening timescales and ensuring a safe, fast transaction.

Negotiating offers

We screen and negotiate the offers made on your flat for you to ensure you sell at the best market price, sparing you from negotiating directly with every buyer.

We'll only pass on viable, firm offers that meet your expectations, and you'll have 20 days to study the offer carefully.

Energy performance certificate

Tramitamos tu certificado de eficiencia energética en caso de que tu piso lo necesite. ENERGÉTICO Inmobiliaria Malaga valoracasa

Notary

We prepare the signing before the notary well in advance, providing all the documents needed to sign the deed and avoid any setbacks.

Your personal advisor will go with you on the day of signing and handle everything needed for your peace of mind.

After-sales service

After signing before the notary, there are still several formalities to complete properly so there are no surprises in the future:

• Change of utility account holder
• Change of owner at the homeowners' association
• Change of owner for I.B.I.
• Applying for municipal capital gains tax

With all our services, we aim to make selling your flat in Málaga as positive an experience as possible and for you to remember our work as essential and satisfying.

If you'd like to know more about our services and sell your flat with us, just contact us; we'll be happy to help.

You can't sell your flat any old way and at any old price. Nor can you keep it on the market for a long time, with all the hassle that brings and the constant price cuts you'll have to make to keep buyers interested.

How do you sell a mortgaged flat in Málaga?

Selling a mortgaged flat in Málaga: how is it done?

Selling a mortgaged flat is far more common than you might think.

Most people who sell their flat have a mortgage at the time of signing at the notary. However, unless the buyer takes on the mortgage through subrogation, the mortgage is cancelled at the very moment of signing before the notary.

You can sell your mortgaged flat without any problem, as long as the sale price is higher than the mortgage, so it's cancelled at the moment of sale before the notary, using the sale proceeds.

In other words, you can't sell your house for €80,000 if you owe €120,000, because you won't be able to cancel the mortgage on the day of signing and the buyer would acquire a home carrying someone else's debt.

What do I have to do?

As the seller, on the day of the sale you must provide an official document from your bank showing the capital and interest you owe at that date. This document is called a mortgage debt certificate and your bank provides it.

It must include all the necessary information about both the property and the client, plus the outstanding capital and any early repayment interest.

And it must be signed and stamped by an authorised representative of the bank.

How do I pay off the mortgage?

The buyer will withhold the total debt, capital plus interest, and must pay it by banker's draft made out to the bank you owe, or by OMF transfer so the debt is cancelled at that very moment.

Ideally, a representative from your bank would attend the signing with you to collect the draft and sign the mortgage cancellation deed. That way you're sure the debt has been cancelled and it has been signed before the notary.

COSTS OF SELLING A MORTGAGED FLAT

The costs of cancelling a mortgage depend on a number of factors, but come to around €500. It mainly depends on whether a gestoría is involved.

• Notary
• Land Registry
• Paperwork agency (if any)

Do I need to do anything else?

If the buyer purchases your flat with a mortgage, their bank's gestoría will remove the mortgage from the Land Registry. Otherwise, you or the buyer will have to go to the registry to remove the charge.

Only from that moment will the debt on the property sold have completely disappeared.

As you've seen, selling a mortgaged flat in Málaga is much easier than it seems.

What type of mortgage? We answer that at the link below

Fixed or variable rate mortgage

Juan Rosado

CEO