Selling your home in Moraira: The ultimate guide

Image - lunamarina/shutterstock

Selling your home can be a stressful task, with so much to think about and organise, lots of paperwork to complete, the legalities to contend with and finding a reliable buyer. So, we have put together a guide on the best way to sell your home in Moraira, including finding out how much your property is worth, how quickly you can sell your property and an all-important estate agent to help you.

Estate agents to sell your property in Moraira

Our top pick

Orange Villas

If you are looking to sell your property in the areas of Moraira, Benissa, Benitachell, Javea, Calpe and Teulada – look no further than the specialised and knowledgeable team at Orange Villas!

Orange Villas has over 20 years of experience in real estate on the Costa Blanca, with the team of qualified agents building up a trusted reputation as the best place to go if you want to sell your property in Moraira.

The multilingual team collaborate with over 200 national and international estate agents and make the process as easy and stress-free as possible, translating all of the documents into your language and helping you every step of the way on your selling journey.

Based on their extensive knowledge of the local market conditions, Orange Villas will give you a realistic and honest valuation and will visit your property to discuss your requirements without obligation. As a certified and official property appraiser and member of various national and international organisations, you can be confident that Orange Villas follow the required rules and regulations.

Guaranteeing a flawless buying process, you can fill in all of the property details on their website and a member of the sales team will contact you, or they will be delighted to welcome you into their office in Moraira to discuss your needs.

Address: Ctra. Moraira-Calpe 19, 03724 Moraira, Alicante

Telephone: (+34) 966 491 163

Email: [email protected]

Website: Click here

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

Spain is one of the most popular places in the world for expats looking to move to – for second homeowners, residents and even those just looking for investment abroad.

A small and charming fishing town in the municipality of Teulada, Moraira offers beautiful scenery, a warm climate, stunning Mediterranean beaches and great facilities, so it is an increasingly popular destination for people who are moving to Spain. This means the housing market in Moraira 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 like Orange Villas is the absolute best way to ensure a smooth sale.

Selling your home in Moraira
Selling your home in Moraira

 


What is my property worth in Moraira?

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

Properties are worth around €100,000 for a one-bedroom apartment, €150,000 for townhouses and even up to €9 million for luxury villas.

Speak to Orange villas to get an accurate valuation of your property and move your sale forward.

Selling your home in Moraira
Image – lunamarina/shutterstock

 


How quickly can you sell your property in Moraira?

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

The paperwork process can take some time on its own, however, so expect to spend around two to three months carrying this out. Have a time frame in mind and let your estate agent to the timings you would like to work with.

 


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

1) Plus Valia – 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 Deed

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

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

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

6) Non-Resident Retention 3 per cent – If you are a non-resident in Spain, the buyer of your property will also have to retain 3 per cent of the Escriba Sales Price to pay to the Spanish taxman (Hacienda) on your behalf towards your Capital Gains Tax. Fiscal residents do not have any retentions made on them, but they might need to pay tax on the sale in the following year through their tax returns

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

8) Legal fees – A good legal office should prepare utility contracts, community charges and Suma invoices, speak with the purchaser’s representatives and the Notary, prepare the Notary appointment and all related paperwork, accompany the seller to the Notary and translate, calculate the 3 per cent retention, calculate and advise re Capital Gains Tax and give fiscal representation throughout the process

Selling home moraira
Credit: Pixabay

 


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

There are many documents you need when selling a house in Spain and the best way to ensure you have everything is to sell through an experienced real estate agent like Orange Villas, who can point you in the right direction throughout the whole process.

The main documents you will need may include:

  • Preparation of Utilities Contracts, Community Charge and Suma InvoicesLiaison throughout the transaction with Purchaser’s Representatives and Notary
  • Preparation of Notary Appointment and all related Paperwork
  • Translation at the Notary
  • Calculation of 3 per cent Retention
  • Calculation and Advise re Capital Gains Tax
  • Fiscal Representation throughout the Process
  • Calculation of Goodwill
Image – Chokniti-Studio/shutterstock

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Written by

Laura Kemp

Originally from UK, Laura is based in Axarquia and is a writer for the Euro Weekly News covering news and features. Got a news story you want to share? Then get in touch at [email protected]

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