Selling Guide
The Team Group is an SL company registered under CIF Number B93301257 at the Public Notary in Nerja, Malaga, Spain and has been successfully selling villas, apartments, plots and commercial properties in and around Nerja since 2000. Our offices are in Calle Carabeo, Nerja, just a little further east along Calle Carabeo than Hotel Carabeo and “34”, probably Nerja´s most notable restaurant.
In addition to Team España the Team Group includes Inland Property.com specialising in inland properties from the coast to as far inland as Competa, Team Star Holiday Rentals.com featuring more than 170 holiday rental villas and apartments in and around Nerja, Teamstar Services our property management services business who carry out refurbishments, rebuilds and maintenance of pools and gardens etc and Fastigheternerja.se our property sales website serving the Scandinavian market.
Paperwork required in order to sell
In order to comply with decreto 218 of the Spanish Property Legislation all sellers will need to be in receipt of copies of:-
- Escritura - (deeds of property)
- Nota simple - (an up to date version, this provides a brief report from the land registry, confirming title, description address etc.)
- NIE - (A number assigned from the Police which is a mandatory requirement to purchase cars, property etc.)
- IBI- (A receipt of paid tax issued by the townhall for urban services like street lighting, garage entrance and refuse collection)
- Passport - (Copies of photo portrait page)
- Community charge receipt – (only applicable to those with a property on an urbanisation)
- Energy Performance Certificate – A mandatory requirement since June 2013
Marketing
Vendors can choose either an exclusive or a non exclusive agreement.
- An exclusive agreement is where the only agent instructed is Team España.
- A non exclusive agreement is where vendors instruct a number of estate agents and only pay the agent who sells the property.
Fees vary upon property values and type of agreement.
In both cases the fee is only payable upon a sale and there is no charge for advertising or additional listing on property portals.
*Exclusively marketed properties are still made available to other collaborative agents of Team España without any increase in fee.
Advertising
Team España is one of the biggest property sales advertisers east of Malaga, we advertise in most of the local magazines and we have our own quarterly magazine, in total we feature a selection of our properties for sale in 4 local monthly magazines with a combined circulation of circa 12,000 copies per month distributed from Almuñecar to Torre del Mar and as far inland as Competa. In addition to our own web site we list properties on: www.inland-property.com / rightmove.co.uk and rightmoveoverseas.se
We also communicate the details of all our properties to at least 100 agents in Northern Europe.
Selling process
Reservation Deposit
Our sales team negotiate the offer on behalf of both buyer and vendor. Once accepted, the buyers pay a reservation deposit of 3,000 euros to Team España on behalf of the vendors, this renders the property off market generally for four weeks.
Exchange / signing of the private contract
At the end of this period, the private contract is signed by both parties and 10% is paid directly to the vendors. The signing of the contract does not have to happen in Spain.
Inventory
Attached to the private contract is an inventory signed by both parties, this confirms what furnishings are included in the sale.
Completion / Signing of the deeds
This normally happens 4-6 weeks after exchange. Both buyers and vendors need to sign the new deeds in front of the public Notary in Spain. Alternatively they can choose to assign Power of Attorney to someone prepared to sign on their behalf. This will need to be arranged well in advance of completion.
Capital Gains Tax:
Depending on personal circumstances Capital Gains Tax is payable in Spain, the process is different based on residency, very approximately CGT is circa 21% of the gain. For further information please contact us or speak to a qualified tax advisor or lawyer specialising in this aspect of Spanish law.
As from 01 June 2013 the Spanish Government have issued a Royal Decree 235/2013. This states that as from this date it will be mandatory to have a valid Energy Performance Certificate (Certificado de Eficiencia Energética – CEE ) in order to successfully complete a property sale. This certificate must be included in all advertising copy after 1st June 2013 irrespective of whether it is advertised through an agent, a web-portal or any other channel, after 1st June 2013 you must have, or have applied for a CEE.
This legislation brings Spain in line with all other major European countries, Spain is the last major European country to comply. The Team Group has appointed an accredited assessor to undertake this and would be happy to refer his details to all existing and prospective vendors. Certificates are fully registered against the Catastral refererence of the property and are added to the Governments database assuring cover for sale for 10 years from the issue date.
Disclaimer
Whilst we use our best endeavours to ensure dimensions stated in our descriptions are correct, we cannot guarantee that property sizes and plot/land dimensions are 100% accurate.
For more information or a request to undertake an assessment please contact us. We look forward to hearing from you.
