How to sell my shared property in Barcelona
As we have already told you from Monika Rüsch, managing the marketing and sale of a shared property in Barcelona at an individual level is an enormous challenge, especially if not all the owners agree.
In addition to the emotional and economic connotations that normally accompany this act, there is the obligatory nature of a series of knowledge and skills that the vast majority of owners are unaware of or do not have.
Here we leave you a simple guide to help you navigate the process, always with confidence in each step.
- Communication and agreement between co-owners :
- Ideally, all owners agree to sell. Speak openly and confidently to resolve any questions or disagreements.
- If there is no consensus, it might be helpful to seek mediation or legal advice .
- Review of the legal situation :
- Make sure the property is free of encumbrances such as mortgages or liens.
- Check the community bylaws for any restrictions on sales.
- Property valuation :
- Hire a professional appraiser to obtain a fair and objective valuation.
- Consider the current situation of the real estate market in Barcelona. Of course you can always count on the help of a trusted real estate agency like Monika Rüsch.
- Necessary documentation :
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- Gather the property deed, the energy efficiency certificate, the latest IBI and community receipts, the certificate of habitability and a simple note from the Property Registry.
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- Decision on joint or separate sale :
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- If everyone agrees, they can proceed with the joint sale.
- If someone does not want to sell, the others can offer to buy their share or resort to judicial means to resolve the situation.
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- Choosing a real estate agent like Monika Rüsch :
- A good local real estate agent like Monika Rüsch can be of great help. Above all, she chooses one who you trust, with experience in the area and in the sale of shared properties.
- Property promotion :
- Advertise the property on popular real estate portals.
- Organize guided tours for potential buyers.
- Negotiation and offers :
- Evaluate offers considering price, payment conditions and deadlines.
- Negotiate with confidence to obtain the best possible terms.
- Earnest money contract :
- Once an offer is accepted, a deposit contract is signed that formalizes the sales commitment and usually includes an advance on the price.
- Signing of the deed of sale :
- On the day of signing before a notary, the deed of sale is made.
- The final payment is made and the keys are handed over to the new owner.
- Distribution of money :
- Agree on how the money from the sale will be distributed, taking into account your ownership percentage and any outstanding expenses.
- Taxes and expenses :
- Calculate and pay the corresponding taxes, such as the municipal capital gain of Barcelona in this case and the personal income tax for the capital gain.
- Don’t forget the notary, registration and real estate management expenses.
Each step has its particularities and it is normal to feel some uncertainty. Trust the process and seek professional advice to ensure everything is handled correctly and smoothly.
Trust is the basis of every relationship
Entrusting the marketing and sale of your home to the real estate services Monika Rüsch , with a very long history in the city of Barcelona, offers you the added value of in-depth knowledge of the market, a faithful and reliable valuation of the property and a multidisciplinary team of professionals. that guarantee efficient and effective management of the entire sales process.
An investment in trust that results in a substantial increase in the chances of success and an optimization of the value of the property. If you would like additional information on how we can help you with your real estate challenges, contact us now.