A Checklist for Selling Your House in Mallorca
When it comes to selling property in Spain, knowing what to expect will help everything run smoothly. Whether you’re selling your house, holiday home, or even a commercial property, there are common steps you’ll need to take.
Below, we’ve outlined some of those key steps. Because everyone’s selling journey looks a little different, these steps aren’t in a particular order.
Always seek expert, tailored advice before starting the sales process.
What to think about before selling your house in Spain
1. Consider repairs before you listIf your property is more or less move-in ready, consider casting a critical eye over each room before it hits the market. Small repairs might not seem make or break, but in reality, these are the finishing touches that make your property stand out from your neighbours.
2. Find the right estate agent for you
Working with an estate agent should bring clear benefits. The right estate agents will have local market knowledge of the area and a real understanding of what buyers want. They can use their marketing and negotiation skills to help you find the right buyer.
3. Help buyers feel at home
When a potential buyer comes to view your property in Mallorca, they need to be able to imagine owning it. For buyers who plan to make the property their home, it’s important for them to picture their daily life there. Meanwhile, investors need to see the potential the property has to offer.
With this in mind, your house needs to look welcoming. Some sellers opt for staging to help. This involves creating a neutral and appealing space, free from too many personal items. The aim is to show your property at its best and help buyers imagine themselves there.
4. Prepare paperwork well in advance
Having the right paperwork is key when selling a house in Mallorca, or anywhere in Spain. Make sure not to leave this until the last minute, or you could be risking your sale.
You’ll need documents like plans and deeds, energy certificates, and more, so take the time to do research and speak to your estate agent to find out exactly what you’ll need.
5. Plan your finances
Remember to keep finances in mind when planning your sale in Spain. Exactly how much a sale costs depends on each situation, including profit, residency status, and future reinvestment plans.
For example, you will normally need to include capital gains or losses on your tax return. However, sometimes main residences are exempt. You can find out more by researching current rules on websites such as Agencia Tributaria and speaking to knowledgeable professionals.
6. Take great photos of your house in Spain
Your house in Spain might have a wonderful feel in person, but if it doesn’t stand out online, you could be missing out on important viewings. This means investing a little extra time and/or money into high-quality photos and videos to showcase everything it has to offer.
If you’re working with a local estate agent, they might be able to take care of this step for you.
7. Don’t forget the outside
Sellers in Mallorca aren’t just offering a house, they’re offering a slice of Mediterranean life. And outside living is a wonderful benefit of life on the island. Showcasing any garden space will help the buyer see they can truly make the most of the temperate climate and beautiful scenery.`
Whether you have a small terrace or a sprawling garden, there are plenty of ways to make your outdoor space appealing. For example, adding a table and chairs creates an alfresco dining area. A little landscaping can transform grassy areas. Sprucing up the poolside can create a tranquil, spa-like feel.
Start selling your property today
At Balearic Properties, we’re here to guide you through your sale in Mallorca. We’re based at our local offices in Pollensa and have a multilingual team ready to help you find the right buyer for your property. As the sole associates of Savills on the island, we combine our local market knowledge with a global reputation.