Selling your home in Mijas: The complete guide

Selling your home can be one of the most exciting- and also stressful- tasks. With so much to think about and organise, you’ll want to find out how much your property is worth, how quickly you can sell your property and the documents you will need to start the process.  So, with this in mind, the Euro Weekly News has created a guide for the best way to sell your home in Mijas.

This guide will show you the best way to sell a property in Mijas, find out what your property is worth in Mijas, the timeframe of selling your property and the documents you will need – as well as an all-important estate agent to help you on your journey.

What is the best way to sell a property in Mijas?

Spain is one of the most popular places in the world for expats to buy and move to. Lots of people buy to have a second home in the sun, and there are those that look for an investment abroad; investing in property in Mijas has proven to give an excellent return.

This means the housing market on the Costa del Sol is very active. However, like with most things in Spain, having a professional to guide you through the process is one of the most important things you can do when selling your home.

From dealing with the legalities to translating for you, helping to ensure that your buyers are able to complete the transaction, and keeping your sale going within the time frame you want, a reputable estate agent is the absolute best way to ensure a smooth and problem-free sale.

So, now you know the best way to sell your property but you need a reputable agent to help you…

Our recommendation

Caribasol

Caribasol in Mijas is a family run business that has been providing expertise for those purchasing or selling a property, taking great pride in providing their clients with outstanding service.

Caribasol’s mission is to help you choose the perfect property for your budget, ensuring a sound investment for your future. Prioritising your requirements and satisfaction, Caribasol has extensive knowledge of property on the Costa del Sol and can assist you in finding the right area for you based on your lifestyle and interests.

The team at Caribasol can assist you with everything from renting out your property to selling a property and property management – and they will even help you with everything from airport transfers to shopping before you arrive for reasonable fees.

The Caribasol office is located in the well known Doña Lola complex on the beachside in Calahonda, an area that is a favourite holiday destination in the heart of the Costa del Sol!

Address: Centro Commercial Doña Lola, Mijas Costa 29649 Sitio de Calahonda, Malaga

Open: 10am until 6pm Monday to Friday, 10am until 2pm on Saturdays

Telephone: 952 933 399

Website: Click here

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What is my property worth in Mijas?

Mijas is one of the most popular areas in Spain and the housing market is currently booming.

Properties are usually worth around €140,000 for a one-bedroom apartment, €190,000 for a two-bedroom apartment, €350,000 for a townhouse, and a villa usually starts at around €800,000 up to millions of Euros.

Speak to an estate agent to get an accurate valuation of your property and move your sale forward.

How quickly can you sell your property on the Costa del Sol?

Spain’s housing market is booming and many homes are selling faster than they used to.

The paperwork and process can take some time, however once these are sorted expect to sell within a period of around three to four months depending on the property and your asking price. Do leave room for a bit of negotiation.

What do you have to pay when selling a house in Mijas?

1) Plusvalia – sellers have to pay a tax based on the incremental value of the land which the property occupies over the number of years you have been the owner.

2) Community Fees – Make sure your Community Fees are up to date. Usually, you will have to present a Community Certificate to the buyer when signing the Title Deed to prove this.

3) IBI and Utilities – make sure your utility bills are all paid up as these will need to be settled up to the date of sale. You will need to provide the original proof of payment when signing. Sellers have to pay the IBI or council tax for the whole year they are selling.

4) Mortgage Cancellation Fees – Your bank will probably have from a 0.5 per cent to 1 per cent cancellation charge for the balance of your outstanding mortgage.

5) Mortgage Cancellation and Registration Fees at the Notary – In addition to point 4) as the seller, you will have to make sure that your mortgage is cancelled at the Notary and Registry. This may cost anywhere from €600 to €1000 and is an amount that will probably be held by the solicitor to make sure that this is done.

6) Non-Resident Retention 3 per cent – If you are a not a resident of Spain, the buyer of your property will also have to retain 3 per cent of the sales price stated in the “Escritura” (Title Deed) to pay to the Spanish taxman (Hacienda) on your behalf towards your Capital Gains Tax. Fiscal residents do not have any retention made on them, however, they may have to pay tax on the sale the year after when filling in their tax returns.

7) Agents Commission – If you have used an agent to sell your property, you will also have to pay fees to the agent.

8) Legal fees – A good legal office will prepare utility contracts, community charges and “Suma” invoices, speak with the purchaser’s representatives and the Notary, book the Notary appointment and organise all of the related paperwork, go with the seller to the Notary and translate for them, calculate the 3 per cent retention, calculate and advice re Capital Gains Tax and give fiscal representation throughout the selling process.

What documents do you need to sell a house in Mijas?

There are lots of documents you need when selling a house in Spain. The best and safest way to make sure that you have everything in order is to sell through an experienced real estate agent who can help and give guidance through the whole process. Caribasol Property Management is the best in the area to help you to organise the correct and relevant paperwork and to help you on your journey.

The main documents you need may include:

• Preparation of utility contracts, community charge and “Suma” invoices.
• Liaison throughout the transaction with representatives of the Buyer and Notary.
• The organisation of the Notary appointment and all paperwork related to the sale.
• Translation at the Notary.
• Calculation of 3 per cent retention.
• Calculation and advice regarding Capital Gains Tax.
• Fiscal representation throughout the whole process.
• Calculation of Goodwill and a letter of “Good Standing” with your community fees from the administration of your community.

Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories. Remember, you can also follow us on Facebook and Instagram.