Selling your home in Orihuela Costa: The essential guide

Orihuela Costa: Panoramio

Selling your home can be one of the most exciting tasks, however, it is also a stressful and time-consuming process. It’s something many of us go through once in our lifetimes and you’ll want to know how quickly you can sell your property, what your home is worth and all of the paperwork you will need to begin the process. So, the Euro Weekly News has created a handy guide for everything you need to know about selling your home in Orihuela Costa.

This guide will show you the best way to sell a property in Orihuela Costa, find out what your property is worth in Orihuela Costa, 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. 


Estate agents for selling your home in Orihuela Costa

Our recommendation

5 Real Estate

5 Real Estate can help you sell your property quickly and, in the process, save you thousands! More importantly, they won’t compromise an inch on the quality of service they provide.

The reason 5 Real Estate can help you save real money is because of their unique business model. The days of 4 per cent, 5 per cent (and even more!) commission rates to sell your home are numbered. This has evolved much faster in the UK than here in Spain, however, without doubt 5 Real Estate are spearheading the change here too.

People want to know what their final costs will be, and their Fixed Fee model gives you that clarity. This has proven exceptionally popular with vendors and buyers alike and 5 Real Estate has now grown to ten offices along the coast from Oliva in the North Costa Blanca, down through the South Costa Blanca to San Pedro del Pinatar in Murcia. They are actively looking to add more branches so check on their website for new locations near to you.

At only €999 plus IVA to sell your home, no matter what the price, how can you go wrong? This combined with a No Sale-No Fee policy and no upfront costs, makes this a no-brainer.

So don’t delay contact 5 Real Estate today for a FREE valuation on +34 965 999 059 or drop them an email at [email protected] or simply find out more about 5 Real Estate here.

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What is the best way to sell a property in Orihuela Costa?

Spain is one of the most popular places in the world for expats to purchase a holiday home or move to permanently. Lots of people grasp the opportunity to have a second home in the sun, and there are those also looking for an investment abroad; investing in property in Orihuela Costa has proven to give an excellent return, due to the clean air, superb climate, well-developed infrastructure and stunning coast. 

Orihuela Costa properties attract more and more attention each year due to their location in such a highly-developed area of Costa Blanca. 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 legal documents, helping to find buyers to complete the transaction and making sure your sale goes through without any hitches, a reputable estate agent is the absolute best way to ensure a smooth and stress-free sale. 

Image – De Borjazavala36, Trabajo propio, CC BY-SA 4.0

What is my property worth in Orihuela Costa?

So, you’re thinking of selling your home in Orihuela Costa, but how much is your property worth on the market?

Orihuela Costa is one of the best places to live in Costa Blanca for those wanting to be close to the luscious Mediterranean sea but also in a popular, cosmopolitan environment. It boasts almost 10 miles of coastline with 11 coves and beaches of fine golden sand that are bathed by the warm Mediterranean sun.

The privileged geographical situation and its excellent climatic conditions make it possible to enjoy its beaches and practice sports throughout the year, making it a popular area for those looking to purchase a property in Spain’s Costa Blanca.

Properties here are usually worth around €130,000 for a one-bedroom apartment, around €200,000 for a two-bedroom apartment, around €300,000 for a townhouse and anywhere between €300,000 and €600,000 on average for a villa. 

Speak to 5 Real Estate to get an accurate valuation of your property and move your sale forward.

selling home orihuela costa
Image – Mark_studio/shutterstock

How quickly can you sell your property on the Costa Blanca?

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

The paperwork and process can take some time, however, once these have been completed expect to sell within a period of around three to four months depending on the property and your asking price – it is important to leave some room for negotiation.

Image – Pixabay

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

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 Orihuela Costa?

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 throughout the whole process. 5 Real Estate 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.

selling home mijas costa

Top tips on preparing your home for the market

Remember, potential buyers are seeking an aspirational lifestyle – somewhere to relax and really enjoy life. It is important to capture buyers’ imaginations from the first time they see the property on the internet to the moment they walk through the door. We have all been to property viewings where we have imagined ourselves living in that home as soon as we step in the door – and the same goes for those properties that we decide we don’t like once we have viewed it in person! So, what are some top tips for preparing your property for the housing market?

  • Give everywhere a quick coat of paint –  nothing says a badly maintained property like peeling paint!
  • Show off your assets! If you have beautiful flooring, show it off by removing any rugs or runners. If you have a stunning fireplace, don’t clutter it with ornaments or picture frames. Let your assets stand out!
  • You are selling a lifestyle – so show it off! Make sure your outdoor space looks immaculate (this is important for the Costa Blanca as so much time is spent outside in the beautiful weather). Make sure all of your plants are watered, the furniture is clean, and put lanterns or lights outside. For marketing photos, staging the garden or dining area is a great idea to suggest an aspirational lifestyle potential buyers can imagine themselves living!
  • Remove clutter. Cut down on your photographs and personal items. Thin out bookshelves and other shelving, particularly top unit shelving as it will give the illusion of higher ceilings.
  • Keep it fresh by placing fragranced diffusers, and candles in the bathroom. Use light, spring scents. Use cling film over plug holes to protect against any stale drain smells which tend to build when the property is empty, it really works! For the marketing photos, remove any cleaning products and only leave high-end cosmetics out on show.
  • It is very difficult to maintain fresh flowers in a property you’re not currently living in. Invest in some good-quality fake flowers such as lilies or white orchids.
  • Avoid strong colours, heavy patterns and fabrics. Keep the decor as simple as possible and try to remove any dark furniture. Freshen the place up with some neutral-coloured cushions or light throws.
  • Mirrors are really great for creating the illusion of space and light. If you have dark areas in any rooms – hang a mirror, not a photo.
  • To avoid white kitchens looking bland, add pots of artificial herbs, and glass jars of coloured pasta or lentils on surfaces. These also photograph well.
  • Finally, make sure you are 100 per cent satisfied with your marketing photos – the crucial first step to getting those viewings!

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.

 
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Image - Annie Dabb
Written by

Annie Dabb

From Newcastle originally, Annie is based in Manchester and is a writer for the Euro Weekly News covering news and features. Got a story you want to share? Then get in touch at [email protected]

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