Let's sell your property TODAY!
List your property with us and…
We will get you the best price for your property!
We will market your home through all the international property portals for a quick sale
Email campaigns through our data-base of clients looking to purchase a property in Lanzarote
Fabulous photo & video presentation for maximum advertising exposure
Get in touch with us for your FREE valuation and property appraisal
Here is how it works…
We’ll look at your property and provide you with a FREE home value report
We’ll recommend a target “sale price” and describe our plan to sell it at that price quickly. We’re 100% transparent, so ask us any questions you have!
We take care of 100% of the details from listing to SOLD! We are experts in marketing and will have your property advertised on our website and on all the major advertising portals within hours of taking your property on, to ensure your property reaches as many potential buyers.
Our winning marketing plan and experience helps reduce the average days your property is on the market. We get more buyer exposure and inquires leading to higher offers from the buyer.
Our experience saves you time, money and stress in selling your house quickly. When a property sits on the market too long it can lose its appeal to buyers and cost you money every month that it goes unsold.
Regular Feedback – we follow up with each person who has viewed your property the next day to see if they have any initial feedback or thoughts. This feedback will be relayed to you by us. We will provide regular updates on your property’s performance
Contact us today for a informal chat about your property and lets show you what we can do for you.
Your property costs when selling!
Property selling cost guide
There are five primary expenses when selling your property.
● Capital gains tax
● Plusvalía tax
● Energy efficiency certificate
● Electrical bulletin
● Lawyers/agent fees
Capital gains tax is:
The percentage between the price you paid when you purchased the property and the profit on the sale you have made when you sell it.
Capital Gains for Non-Residents is a flat tax rate of 19% regardless of the amount.
If you are a resident you will pay capital gains tax between 19% to 28% on the profits achieved from the sale of the property. Individuals who are considered tax residents in Spain are taxed on their worldwide asset sales, while non-residents are taxed only on the sale of assets located in Spain.
Capital Gains tax for residents in Spain are as follows:
The net profit is obtained by calculating the difference in the fees you pay between the purchase price and the sale price. Bear in mind that you could be exempt from paying capital gains tax if you have lived in Spain for three years and you reinvest the money from your property sale into another main home, non-residents will have no exemption from capital gains tax if they re-invest in another property. If you think you might be eligible for exemption, speak to a lawyer/accountant, as this can make a big difference on the fees you pay.
( You may be able to claim various costs against your Capital Gains Tax including)
● Lawyers or Solicitors fees
● Notary fees
● Estate agent fee
● Structural building work
● Home improvements (IE, kitchen, bathrooms, building work, tiling, swimming pool, etc. ( You must have receipts and copies of all the licenses and invoices. The copies will help you offset the expenses against the capital gains when you decide to sell the property in future, thereby reducing your capital gains tax on the vending of the property)
Tax Provision (Retención) (3% for non-residents only) on the declared sale price.
On the day that you complete on the transaction at the notary there will be a charged of 3% of the total amount which will be deducted from the final money that you will receive. This is a part payment of the main 19%, the rest of the payment will be made at the tax office.
Plus valía Tax
Plusvalia tax is paid to the local town hall where the property is located. The calculation is based on the increase of the value of the land, known as valor catastral, and the number of years you were the owner. The amount will vary from one town hall to another, try to contact your local town hall to get a calculation before selling.
Certificate of Energy Performance.
This has been compulsory in Spain since 2013, this is something you need to arrange when you put your property on the market. You cannot sell your property without this Certificate. It can cost between €80 to €350 Euros depending on the size of the property. You can ask your property agent to organize this for you.
Electrical bulletin:
The property must be handed over with the actual “ boletin” of electrics to prove the installation conforms to actual legislation and can be changed over to new owners. If the installation is older then 20 years a new bulletin will be required.
Solicitors / Lawyers fees
These are cost that are charged by your own solicitor or lawyer.
Foreign residents who are aged 65 and over
The seller resident must be over 65 years old when the sale is made. If you are selling your primary residence you are not liable to pay capital gains tax. Again you will need to prove that you have lived in Spain for 3 years or more and intend to continue living here. If you intend to go back to your home country you pay 3% tax on the full declared price on completion and then in your next years tax declaration you can claim this money back from the tax office. If you don’t declare your taxes here, but can prove that you earn less than 11,200 euros per year, then you are exempt from paying Capital gains tax.
