The seller must accredit by means of a certificate issued by the administrator of the community or the president that he/she is up to date with the payments.
In Mallorca the real estate agency fees related to the search of a property are paid by the seller and are usually 5% of the value of the property. Experienced and reputable real estate agencies such as Javier James Real Estate include in these fees the legal verification of the property and other administrative procedures.
It is possible that the seller may need to hire an agent to carry out the legal and fiscal formalities such as the payment of the Plusvalia Municipal which we will not go into detail here.
It is a tax that is paid annually to the Town Hall and is between 0.4% and 1.1% of the value of the property (amount that in principle should be at most half of the market value). Before signing the deed, the seller must confirm that this tax has been paid up to date. Sometimes the payment is divided between the buyer and the seller depending on who was the owner during which months.
TAX ON THE INCREASE IN VALUE OF URBAN LAND (PLUSVALÍA)
The municipal surplus value tax (not to be confused with the fiscal surplus value tax) is calculated on the increase in value that the land on which the property sits has experienced in the past up to the time of the sale. It is calculated with the cadastral value and the number of years that the seller has had the property (a maximum of 20 years is taken into account), if it is less than one year it is not calculated. It is paid by the seller and must be processed by the town hall within 30 calendar days from the date of the deed. It can vary from one town hall to another and it is calculated with the IBI. If it is demonstrated that there has been no increase in value (losses) between the purchase and the sale, it may not be obligatory to pay it.
SERVICES THAT WE OFFER IN JAVIER JAMES REAL ESTATE
THE SELLER'S FORM
You can use our seller form to send us the basic details of your property easily and conveniently online. You do not incur any obligations. Click here to access the seller's form.
COLLABORATIONS WITH THE BEST COMPANIES ON THE ISLAND
Javier James Real Estate collaborates with the best companies on the island and has all the contacts and excellent working relationships with powerful companies in Mallorca and abroad.
SUPPORT DURING THE WHOLE SALES PROCESS
We accompany you from start to finish through close contact and communication, you can sit back and relax while we take the reins. From getting you the perfect buyer for your property to managing the whole sales process to make it as pleasant and professional as possible.
NEGOTIABLE RATES AND TERMS
Javier James Real Estate wants to ensure the best terms for all parties, we are happy to negotiate rates and terms to ensure a fair and reasonable sale takes place. Our priority is to get you the best deal. Contact us for more information.
EFFECTIVE ONLINE AND PHYSICAL MARKETING
Javier James Real Estate works with the best national and international online platforms to create coverage of your property and attract the best buyers. Javier James Real Estate also appears in real estate, lifestyle, culture and sports magazines, targeting and reaching the best profile buyers.
MAXIMUM PRIVACY AND CONFIDENTIALITY
At Javier James Real Estate, your privacy is an absolute priority for us. You can rest assured that your personal identity and information will be kept under absolute discretion and will not be shared with any other party to ensure that you can enjoy the process of selling your property with absolute peace of mind.
WE PREPARE YOUR HOME FOR SALE: HOME-STAGING
Javier James Real Estate works with excellent home-staging companies that can prepare your home perfectly for sale. An important stage in your selling process to attract as many buyers as possible.
PHOTO AND VIDEO SESSION OF YOUR HOME
In order to show your property at its best, as part of the marketing process, Javier James Real Estate provides you with a professional photo and video shoot of your property for the material to be used, if you wish, in marketing platforms.
Thank you for your interest in our services. To contact us, kindly complete the contact form provided. We appreciate your time and will respond to your enquiry promptly. We value your privacy and assure you that all information provided will be treated with the utmost confidentiality.