The ultimate guide to selling your home in Altea

Image - Altea: Ekaterina McClaud/shutterstock

So you’re considering selling your home in Altea but perhaps the prospect of actually going through the process, finding the relevant legal documentation, valuing your property and working out how long everything takes feels a little daunting, to say the least! Well, you’re in luck, because the Euro Weekly News has written an essential guide on selling your home in Altea, full of helpful guidance and complete with the most reputable, all-important estate agent to make the whole process as stress-free and – dare we say, enjoyable – as possible! 

This essential guide will explain how to sell your home in Altea, what you need to do to find out the value of your property and how long you can expect it to be on the property market, as well as which all-important documentation you’ll need to make the sale. We also highly recommend having a knowledgeable estate agent to assist you on your selling journey and to deal with all the technical know-how and complicated legal jargon! 

 

What is the best way to sell your property in Altea?

The idyllic, medieval town of Altea, located on Spain’s Costa Blanca, is without a doubt one of the most charming towns in the Alicante province. With opportunities aplenty for meandering along cobbled streets or taking a romantic stroll along the palm-lined promenade which gazes out onto crystal clear waters, Altea is also lucky enough to be framed by the Peñon de Ifach and the Helade mountain range, promising stunning scenes in every direction. 

Situated between well-known Benidorm and Calpe, Altea can be reached using the Ap7 highway and is perfect for those who want a pleasant mixture of the gorgeously vibrant city lights of the former (without the rapacious, overdone nightlife!) with the rich culture of the latter. With a year-round temperature of around 18-20 degrees and various excursions only a short drive away, Altea is a popular choice for those looking for somewhere to move to on the Costa Blanca.

However, like with most things in Spain, having a professional to guide you through the selling process will make everything so much easier – trust us! From translating legal documents for you to ensuring that all your legalities are legitimate, to finding those all-important buyers to secure your sale, Costa Blanca Realty will make sure of a smooth process from start to finish. 

Image - Altea: vali.lung/shutterstock
Image – Altea: vali.lung/shutterstock

What is my property worth in Altea?

From charming whitewashed houses perched upon a hilltop in Altea’s old town to the well-connected tram station and busy morning market’s in the town’s newer district, it’s no wonder that people are attracted to somewhere so breathtaking and quintessentially Spanish to invest in a new property, especially those in search of a laid back lifestyle.

Known as the hidden jewel of the Costa Blanca, Altea is quickly becoming more and more popular as a place to buy property as people visit and fall in love with the picturesque seascapes and marvellous mountain views, as well as all the amenities you could need in one place. 

Property prices can vary quite a lot in this part of Costa Blanca, but a 2 bedroom apartment is likely to cost between €300,000 and €600,000 and a villa or a townhouse is likely to cost around €1,000,000 – depending on size, of course. 

Speak to Costa Blanca Realty to get an accurate valuation of your property and move on to the next step of selling your property. 

Image - Altea: BearFotos/shutterstock
Image – Altea: BearFotos/shutterstock

How quickly can you sell your property in Altea?

Spain’s property market is currently booming, even more so since the pandemic has meant that people are spending more time at home, and want their living environment to be a nice place to be. This means that with the right guidance, you could sell your home within a matter of months! 

The most time-consuming part of the selling process can be the legal paperwork, however, once this is all done and dusted with the help of Costa Blanca Realty and you’ve signed on the dotted line, you will sell your property in no time. Of course, it’s always advisable to leave a bit of room for negotiation. 

Image - Altea: Ekaterina McClaud:shutterstock
Image – Altea: Ekaterina McClaud:shutterstock

What do you have to pay when selling your home in Altea?

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 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 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.

Image - selling your home: Billion Photos/shutterstock
Image – selling your home: Billion Photos/shutterstock

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

There are lots of documents you need when selling a house in Spain. The best and safest way to make sure that everything is legitimate and done properly is to leave it to the experts in the form of an experienced real estate agent such as Costa Blanca Realty who can help and offer guidance throughout the whole process. 

The main documents you need may include:Preparation of utility contracts, community charge and “Suma” invoices.

  • Deeds of the property.
  • Your passport and NIE number.
  • 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.
Image - property documents: George Rudy/shutterstock
Image – property documents: George Rudy/shutterstock

Top tips on preparing your home for the market

Remember, what attracts many potential buyers to a home in the Costa del Sol is having somewhere to relax and enjoy the gorgeous weather and relaxing Spanish lifestyle. It’s important to make your property stand out on the internet so that people can imagine themselves living their ideal lifestyle, complete with a beautiful home. 

We have all been to property viewings where as soon as we stepped foot through the door we could imagine ourselves in that space because of how it’s presented to us – the same goes for those properties that don’t really do it for us when we go to see it in person! We have some top tips for you to prepare your home for those all-important photo listings and property viewings.

  • Give everything a quick coat of paint – this will make your property look clean and fresh, ready for new inhabitants. Peeling paint definitely doesn’t scream “well-maintained property!” 
  • Show off your assets! If you have gorgeous, rustic floorboards, don’t cover them up with rugs! Likewise, if you have a stunning fireplace, keep ornaments and photo frames to a minimum to let your property speak for itself. 
  • You are selling a lifestyle – so show it off! Many people move to Spain in search of the sun, so presenting a beautiful garden or outdoor space for potential buyers to enjoy the hot weather is sure to enhance your property.
  • Prepare the garden. Make sure any plants are watered – if you don’t have plants, it’s a good idea to get some! Make sure any garden furniture is clean and comfortable-looking, and you could also decorate your garden with lanterns or strings of lights to create a romantic outdoor space. For marketing photos, staging the garden or dining area is a great way to present your property as part of the aspirational lifestyle buyers can imagine for themselves. 
  • This also means making sure you remove any clutter! There’s a difference between showing a property that is well-loved and well-lived in, and leaving your breakfast bowls out! Minimalism is in, so it’s also a good idea to limit the photos and personal items on show and thin out bookshelves and display cabinets. In particular, a clear top shelf will give the appearance of higher ceilings. 
  • Keep your property fresh by placing fragranced diffusers and candles in bathrooms and bedrooms. Light, spring scents will embody the carefree, summery lifestyle that your buyers are after. You can use cling film to cover plug holes to protect against any stale drain smells which can build up over time in empty properties – it really works! For the marketing photos, remove any cleaning products and only leave high-end, aesthetically pleasing cosmetics on show.
  • Fresh flowers are a lovely touch but they can be quite difficult to maintain in a property you’re not living in. Instead, invest in some good quality fake flowers in neutral colours such as lilies or orchards to make your property look the part without having to worry about the cleanup! 
  • Avoid bold colours, heavy patterns and fabrics. You want your potential buyers to be able to imagine themselves living in your property, so try and present it as a blank canvas onto which they can apply their own style and tastes once you’ve secured the sale. Keep decor simple and consider removing any dark furniture. Neutral-coloured throws and cushions are an easy way to freshen up the living space.
  • Mirrors are really great for creating the illusion of space and light. Try hanging a mirror instead of a photo or artwork to lighten up any dark areas in any rooms. 
  • To avoid white kitchens looking bland and boring, add pots of artificial herbs and store pasta and lentils in glass jars out on clean surfaces. These look great in photos. 
  • Finally, make sure you are 100 per cent satisfied with your marketing photos – they’ll be your key to securing those property viewings! 
Image - Netrun78/shutterstock
Image – Netrun78/shutterstock

Thank you for taking the time to read this article on Selling your Home in Altea. 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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