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SELLING YOUR PROPERTY      
               

If you have decided to sell your property the next step will be to choose an Estate Agent, or Agents, who you can feel confident will present the property to a wide range of suitable prospective purchasers and deal with the sale in a professional and competent manner. For this reason we consider it appropriate to provide some information as to how we can assist you with the sale and obtain the best possible price.

You may well have a reasonable idea of the price you can expect to obtain and as qualified property valuers, with considerable experience of the market, we will ensure that the figure agreed at which we offer the property is appropriate. We will not raise your expectations by suggesting an inflated price nor will we recommend a low amount merely to obtain a “quick sale”. You can also be assured that, whether your property is a small studio, apartment or a mansion, we take the same care in obtaining full details and photographs to ensure that we can promote this in the most advantageous way possible.

It is also important that you know what costs are involved. Our standard sale fee is 5% plus I.V.A. (VAT) currently 16% which is the industry norm although some Agents do ask higher rates. Please note that we operate on a “no sale no fee” basis so that unless special circumstances apply, and have been agreed with you in advance, you will not incur any costs in placing your property for sale with us unless, or until, we find you a buyer. In Mallorca and generally in Spain all the other costs are usually payable by the purchaser. If you are not a Spanish resident there will normally be a Capital Gains Tax retention from the sale price of 5%. This does depend on individual circumstances and, if applicable, some, or all of this, may be refundable. You should discuss this with your tax adviser who can provide expert advice on this aspect.

We do not ask for exclusive sale instructions leaving you free to appoint other agents if you wish to do so. We recommend that if an agent should ask you to appoint them on an exclusive basis that you fully understand the terms, conditions and implications of an exclusive contract as these often impose severe restrictions and financial penalties.

Whilst we aim to provide an equivalent service irrespective of the type or price of the properties we are offered we appreciate that some properties, by their very nature, require a different approach. If your property is an exclusive or of high value we do offer very personalised bespoke facilities which may involve the preparation of personalised brochures, specifically targeted advertising and the close vetting of prospective purchasers wishing to view the premises. In these situations we may well agree a sharing of advertising and promotional costs and a set sale fee as against a percentage of the final sale price. If you have a property which would require this more specialised approach please contact our Director who will be happy to arrange a meeting with you to discuss your specific requirements on a no obligation basis.

 
 
 
 
 
 
 
 
     
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