Selling your Home in Moraira: The Ultimate Guide (2023)

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.

The best estate agents to sell your property in Moraira

Our top pick

Montesinos Estate

The team at Montesinos Estate, founded in 1989, are dedicated professionals with a wealth of experience in the real estate industry.

What sets Montesinos Estate apart is their enduring passion for the industry, a trait that has remained as strong today as it was on day one. They’ve walked alongside over 1500 clients on their journey to finding their dream homes in the idyllic location that is the Costa Blanca.

Montesinos Estate’s mission transcends standard purchase-sale services. They’re committed to establishing sustainable, transparent relationships based on your needs.

This client-centred approach has a human touch to it, grounded in values that guide them to find the most suitable real estate solution for each and every client. Their mission isn’t just to help you sell or buy a property; it’s to ensure that every step of the process is handled with care, transparency, and utmost professionalism.

So, if you’re selling your property in Moraira, we highly recommend Montesinos Estate. Their combination of extensive experience, commitment to client satisfaction, and deep understanding of the Costa Blanca real estate market will ensure you’re in capable hands.

Website: Click Here

Telephone: (+34) 965 744 057

Email: hello@montesinosestate.com

Address: Avenida del Portet, 2003724 Moraira, Alicante (Spain)

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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 is the absolute best way to ensure a smooth sale.

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

How quickly can you sell your property in Moraira?

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

Getting to grips with the current real estate trends in Moraira’s property market could considerably boost the efficacy of your sale strategy. Let’s take a more in-depth look at some recent trends:

Transition to Solar Energy:

An increasing trend in Moraira’s real estate sector is the surge in demand for homes incorporating solar energy. Thanks to the region’s ample sunshine, a growing number of properties are adopting solar panels and other sustainable technologies. This shift towards eco-friendly residences is not only good for the planet, but it’s also cost-efficient, leading to reduced energy expenditures. If you’re a seller, contemplate whether adding solar energy solutions could increase your property’s attractiveness and market worth.

Geographical Positioning

It comes as no surprise that closeness to the coast remains a pivotal criterion for purchasers. Properties that have immediate access to the beach, offering captivating sea views, fetch higher prices. On the flip side, properties positioned within Moraira’s surrounding hills present a unique allure with their expansive views of the coast and the countryside. Recognising the importance of your property’s location can assist in determining a realistic price point and devising effective promotional plans.

Landscape Diversity

Moraira’s property scene offers a rich blend of options to suit a wide spectrum of preferences and budgets. The market boasts a mix of high-end sea-view villas, contemporary apartments in lively neighbourhoods, and solar-powered homes. When getting your property ready for sale, it’s vital to think about what characteristics of your property resonate with the buyer demographic you’re aiming for.

Presently, Moraira’s real estate market is witnessing a high demand for luxury residences and secure gated communities. Alongside this, there’s a burgeoning interest in sustainable, environmentally conscious properties.  Shaping your strategy around these trends will enable you to market your property effectively to the right audience.

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

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 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

If you found this article useful, remember to keep coming back for more top tips on living in Spain.