Marbella Home Sales Unveiled.
Considering Selling Your Marbella Home? Feeling Uncertain about Legal Paperwork, Property Valuation, and Selling Timeline in Spain? Discover Our Comprehensive 2023 Handbook Guide to Selling Your Marbella Home, Featuring Top-rated Estate Agents for an Effortless and Relaxing Selling Experience!
In this comprehensive guide, we will provide you with valuable insights on selling your home in Marbella. You will discover essential steps to determine the value of your property, estimate the duration it may take to sell, and understand the necessary documentation for a successful sale. Additionally, we highly recommend seeking the expertise of a professional estate agent who can offer invaluable assistance and guide you through the intricacies of the process.
What is the estimated value of my property in Marbella?
With its abundant amenities, proximity to stunning destinations along the Costa del Sol, and captivating mountains and beaches, it’s no wonder that countless individuals develop a deep affection for Marbella and opt to invest in real estate there. Moreover, Marbella’s allure as a holiday destination is immensely appealing, and purchasing a second home to rent it out is a highly profitable investment. Among the foreign nationals investing in Marbella property, British, Swedish, and Belgian citizens top the list.
Following the pandemic, there has been a notable surge in sales within the luxury market, and property prices on the Costa del Sol have experienced a substantial increase.
The value of luxury residential areas in Marbella, including Sierra Blanca, Guadalmina, Nueva Andalucia, and Los Monteros, has exhibited a consistent upward trend. Similarly, the availability of newly constructed homes in Marbella East and Estepona has contributed to more sales, albeit with relatively restrained price hikes.
To sell your home in Marbella, it is advisable to consult LuxuryForSale.Properties for an accurate property valuation. This will enable you to move confidently to the next stage of the selling process.
What strategies can be employed to achieve optimal results when selling a property in Marbella?
Renowned for its allure, vibrant nightlife, exquisite dining options, and picturesque shorelines, Marbella uniquely appeals to British citizens and expatriates from various countries seeking a sun-drenched lifestyle on the Costa del Sol. This bustling city and resort region boasts the majestic Sierra Blanca Mountains as a scenic backdrop, complemented by 17 miles of captivating sandy beaches. With the addition of sought-after amenities like the beloved San Pedro de Alcantara, an array of golf courses, and a plethora of luxurious villas, Marbella has emerged as a top-rated destination for individuals seeking either a permanent relocation or the acquisition of a second home in the sunny haven.
Over time, Marbella’s real estate market has consistently captivated property owners from both the United Kingdom and Spain, experiencing continuous growth in house sales. Positioned in proximity to charming towns and villages, offering a plethora of amenities and recreational opportunities, boasting a vibrant selection of upscale restaurants and bars, and blessed with breathtaking weather and pristine beaches, Marbella stands as an exceptionally appealing investment opportunity for both Spanish and international buyers. Consequently, the housing market in Marbella remains highly active, presenting excellent prospects for individuals seeking to invest in a second home in this sun-soaked paradise. Nonetheless, as is often the case in Spain, having the guidance of a professional throughout the selling process proves invaluable.
LuxuryForSale.Properties ensures a seamless process from beginning to end, offering various services to facilitate your property sale. These services encompass professional translation of legal documents, meticulous validation of all legal requirements, and the crucial task of locating prospective buyers to ensure a successful transaction. With LuxuryForSale.Properties by your side, you can trust in their expertise to guarantee a smooth and hassle-free experience throughout.
What is the possible timeframe for selling your property in Marbella?
The housing market in Spain is experiencing a prosperous phase, with properties often selling faster than in previous years. As a highly esteemed destination in Europe, Marbella has attracted numerous affluent individuals, including celebrities. The region and its neighboring municipalities achieved record-breaking sales figures in the luxury market in 2021, and this upward trend has continued throughout 2022, consistently increasing month by month.
The legal paperwork involved in selling can often be the most time-consuming aspect. However, once all the necessary documents are completed, and you’ve signed the agreement, you can anticipate selling your property within approximately three to four months after listing it, considering the specific property and its sale price. It’s advisable to allow some flexibility for negotiation.
The highly sought-after locations for buying a property in Marbella are:
There has been a substantial surge in demand across all areas of Marbella. With many options available, most buyers can find a property that fits their budget and meets their preferred location. Considering this, here are a few of the most favored areas among foreign buyers.
With abundant activities catering to people of all ages, Marbella is a thriving resort with significant appeal for families relocating to Spain. The area has witnessed substantial new construction, resulting in various freshly built homes. San Pedro Alcantara, in particular, has experienced a surge in demand for property sales and rentals. The average property price in San Pedro is approximately €1.4 million. At the same time, the areas with the most affordable options are San Pedro Pueblo and Guadalmina Alta, with average prices ranging from €350,000 to €1 million, respectively.
Boasting many upscale shops, boutiques, restaurants, and bars, this esteemed locale presents an array of attractions. Puerto Banus is a favored destination for couples and retirees, recognized as one of the world’s most renowned nautical and tourist hotspots. Given its status as one of Spain’s most exclusive addresses, it is no surprise that property sales in this area command significant sums. The average property price in Puerto Banus begins at €1 million, while luxury villas and houses can fetch prices exceeding €16 million.
Boasting a more relaxed atmosphere compared to the vibrant energy of Puerto Banus, Nueva Andalucia attracts many British retirees seeking a sunny haven on the Costa del Sol. With its serene ambiance, proximity to nature, and exclusive gated communities, Nueva Andalucia is also a preferred choice among foreign buyers with families, thanks to its plentiful amenities and reputable local schools. The average property price in Nueva Andalucia hovers around €1.3 million. At the same time, the areas with the most affordable options are Rodeo Alto-Guadaiza-La Campana and La Dama de Noche-La Alzambra, with average prices ranging from €350,000 to €1 million, respectively.
Situated west of Marbella, the Golden Mile epitomizes luxury and is one of Spain’s most prestigious residential enclaves. Nestled amid verdant landscapes and the captivating coastline, this privileged locale is characterized by exquisite, secluded villas that offer direct beach access. The area predominantly attracts accomplished politicians and prosperous people in business, many of whom have passed down their cherished properties through generations. Representing the pinnacle of Marbella’s real estate, property prices in the Golden Mile commence at around €2 million.
Marbella old town holds immense appeal for singles, professionals, and couples seeking a vibrant city lifestyle with easy access to the bustling nightlife and essential amenities. The average property price in Marbella Centro starts at €1.7 million, reflecting the desirability of this central location. For those seeking more affordable options within Marbella, Marbella Pueblo, and Elviria-Cabopino are areas to consider, with average prices ranging around €960,000 and €1.2 million, respectively.
Situated a mere 10-minute drive from Marbella, this prestigious and luxurious resort showcases Europe’s most breathtaking properties. La Zagaleta boasts a comprehensive private security system, shrouding the identities of its residents and property owners in secrecy. It serves as a haven for the super-rich and famous, offering respite from the public eye. Rumored to be home to notable figures like Hugh Grant, Rod Stewart, and even Vladimir Putin, La Zagaleta is renowned for its utmost confidentiality. The average property price in this esteemed enclave stands at €6.5 million, while some turnkey residences have fetched incredible prices as high as €50 million.
What expenses are involved when selling a house in Marbella?
- In Marbella, sellers are required to pay a tax known as “Plusvalia,” which is calculated based on the increased value of the land that the property occupies during the period of ownership.
- Ensure that your utility bills are fully paid before the date of sale, as they must be settled by then. When signing the necessary documents, it is essential to present the original proof of payment. Sellers are responsible for paying the entire year’s IBI or council tax when selling their property.
- For non-residents of Spain, the purchaser of your property will need to withhold 3 percent of the sales price mentioned in the “Escritura” (Title Deed). This amount will be paid to the Spanish tax authority (Hacienda) to contribute to your Capital Gains Tax. On the other hand, Fiscal residents are not subject to this retention. However, they may be required to pay taxes on the sale in the subsequent year when they file their tax returns.
- Mortgage Cancellation Fees – The bank typically applies a cancellation charge of 0.5% to 1% on the remaining balance of your mortgage.
- Mortgage Cancellation and Registration Fees at the Notary – As the seller, you are responsible for ensuring the cancellation of your mortgage at the Notary and Registry, in addition to point 4). This process typically incurs a fee ranging from €600 to €1000, which your solicitor will likely hold to ensure completion.
- Community Fees – Ensuring your Community Fees are current and paid in full is vital. When signing the Title Deed, you must provide the Buyer with a Community Certificate as proof of payment.
- Legal fees – A reputable legal firm will handle various tasks to facilitate selling. These may include preparing utility contracts, community charge documents, and “Suma” invoices; communicating with the Buyer’s representatives and the Notary; scheduling the Notary appointment; organizing all relevant paperwork; accompanying the seller to the Notary and providing translation services and calculating the 3% retention, advising on Capital Gains Tax, and offering fiscal representation throughout the entire selling process.
- Agents Commission – If you have enlisted the services of a real estate agent to sell your property, you will be required to pay a commission fee to the agent as well.
Which paperwork is required to facilitate the sale of a property in Marbella?
To ensure a legitimate and seamless selling process for your home in Marbella, it is advisable to rely on the expertise of a seasoned real estate agent and lawyer. They can assist you in navigating through the documents required for the transaction, ensuring legality and providing valuable guidance at every step.
The essential documents that might be necessary comprise:
- Drafting utility contracts, community charges, and “Suma” invoice arrangements.
- It communicates with the Buyer’s representatives and the Notary throughout the transaction.
- We are arranging the Notary appointment and handling all the paperwork associated with the sale.
- We are providing translation services during the Notary appointment.
- I am computing the 3 percent retention amount.
- Computing and guiding Capital Gains Tax calculations.
- Continuous fiscal representation throughout the entire process.
- You were assessing Goodwill value and obtaining a “Good Standing” letter from your community administration confirming the payment of community fees.
Essential advice for getting your home ready for the real estate market
Remember that a significant appeal for prospective buyers in Costa del Sol is the opportunity to unwind and embrace the splendid weather and laid-back Spanish lifestyle. Ensuring your property shines online is crucial, as it allows individuals to envision living their dream life surrounded by a stunning home.
We’ve all experienced property viewings where stepping into space instantly allowed us to envision ourselves living there, thanks to its captivating presentation. Conversely, some properties fail to captivate us when seen in person. That’s why we have compiled some essential tips to help you prepare your home for crucial photo listings and property viewings.
- Apply a fresh coat of paint to everything – This simple step will give your property a clean and rejuvenated appearance, making it ready for new residents. Peeling paint certainly doesn’t convey the message of a well-maintained property!
- Highlight your unique features! If your property boasts beautiful, rustic floorboards, avoid hiding them with rugs. Similarly, if you have a striking fireplace, minimize using ornaments and photo frames to allow your property to shine.
- When selling, you’re showcasing a way of life – so flaunt it! Since many individuals relocate to Spain in pursuit of sunny days, highlighting a stunning garden or outdoor area where potential buyers can bask in the warm weather will undoubtedly elevate your property’s appeal.
- Get your garden ready. Ensure that all plants are adequately watered; if you don’t have any, consider adding some greenery. Clean and spruce up your garden furniture, and consider adding a touch of charm with lanterns or strings of lights to create a romantic outdoor ambiance. When capturing marketing photos, staging the garden or dining area can effectively showcase your property as an integral part of the aspirational lifestyle buyers can envision for themselves.
- This also entails eliminating any unnecessary clutter! It’s essential to balance showcasing a cherished property and one that appears cluttered, such as leaving out breakfast bowls. Embracing minimalism is a wise choice, so consider reducing the number of displayed photos and personal belongings and decluttering bookshelves and display cabinets. In particular, creating a clear top shelf can give the illusion of higher ceilings.
- The legal paperwork involved in selling can often be the most time-consuming aspect. However, once all the necessary documents are completed, and you’ve signed the agreement, you can anticipate selling your property within approximately three to four months after listing it, considering the specific property and its sale price. It’s advisable to allow some flexibility for negotiation.
- Maintain a pleasant ambiance in your property by placing scented diffusers and candles in bathrooms and bedrooms. Opt for light, refreshing scents that capture the carefree essence of summer, which aligns with the lifestyle your buyers are seeking. To prevent any lingering odors from drains in vacant properties, you can use cling film to cover plug holes—this simple trick is remarkably effective. When preparing for marketing photos, remove cleaning products and showcase high-end, visually appealing cosmetics to enhance the overall aesthetic.
- Steer clear of vibrant colors, intricate patterns, and heavy fabrics. The goal is to enable potential buyers to envision themselves living in your property, so aim to present it as a blank canvas where they can imprint their style and preferences after the sale. Keep the decor simple and contemplate removing any dark furniture. Neutral-colored throws and cushions offer a simple way to breathe new life into the living space.
- Mirrors work wonders in creating a sense of spaciousness and brightness. Consider hanging a mirror instead of a photo or artwork to illuminate dim corners or rooms. This will help enhance the perception of space and light in your home.
- To prevent white kitchens from appearing dull and uninteresting, incorporate pots of artificial herbs and showcase glass jars filled with pasta and lentils on clean surfaces. These decorative elements not only enhance the aesthetics of your kitchen but also photograph beautifully.
- Lastly, ensure you are completely satisfied with your marketing photos, which will be vital to securing property viewings!
LuxuryForSale.Properties Real Estate.
The top real estate agent for selling your residence in Marbella. Founded in 2000 by David Fernandez, LuxuryForSale.Properties emerged after David achieved remarkable success in the construction project manager sector. He aspired to introduce his distinctive strategies to untapped markets in Spain.
According to David Fernandez, it has been his steadfast belief that entering any market would inevitably disrupt it. The crucial impression is established within five minutes when a potential buyer steps into a property. “My objective is to ensure that anyone seeking a new home experiences immediate contentment and comfort upon entering. This involves showcasing the property in its best light, paying meticulous attention to details, and perhaps adding stylish finishing touches. However, it also encompasses the level of assistance the agent can provide.”
The real estate sector appeared governed by old-fashioned principles, and I identified numerous opportunities to enhance the experience for both property buyers and sellers.
David ensured LuxuryForSale.Properties stood out from other agencies by providing informative materials and compelling photography. This empowered sellers to showcase their properties most favorably while giving buyers a glimpse into how their potential new homes could look and feel.
The results of my quality-focused approach are evident, as LuxuryForSale.Properties has become one of Marbella’s rapidly expanding real estate agencies. Each year since its establishment, the company has successfully launched new improvements, and our team now comprises a dedicated professionals fluent in multiple languages.
“We possess extensive knowledge of top-notch services,” David explains. “From cleaners to gardeners, we can handle the entire package. Moreover, we have our team of interior designers and collaborate with various flooring, furniture, and fittings companies to offer our customers the finest options at the most competitive prices.”
LuxuryForSale.Properties has built a distinguished standing as a frontrunner in the real estate sector, renowned for their expertise in representing properties and instilling a sense of trust and credibility throughout the process. This is a significant differentiating factor for the company in highly competitive markets like Majorca and the Costa Del Sol.
We takes pride in accommodating a wide range of budgets, with tens of thousands of properties available. Every sale is treated with equal respect and dedication, prioritizing clients’ needs. The commitment and knowledgeable service are evident in every viewing and maintained throughout each transaction.
We goes beyond the usual conclusion of a successful purchase, fostering enduring relationships with buyers and sellers. Recognizing that many buyers may find themselves in a new location unfamiliar with the local language, the company strives to facilitate a seamless and enjoyable integration into the community for new arrivals. Offering each client a coveted golden membership card, granting them privileged access to a diverse range of local events, services, and discounts. From exclusive parties in collaboration with renowned Marbella restaurants to networking gatherings where business owners connect over golf, LuxuryForSale.Properties actively fosters community by going the extra mile to bring people together.
“The luxury real estate market had remained stagnant for a significant period,” David remarks. “It was high time for a transformation, and we continue to explore additional avenues to enhance the customer experience. There are numerous exciting new developments on the horizon.”