What are the expenses when selling an apartment?

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When you start thinking about selling your home , many doubts arise about what and how much you will have to pay. If this is your case, keep reading, we explain what the expenses are when selling an apartment that you will have to assume as the owner.

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Management expenses when selling an apartment
There are a series of necessary procedures to sell an apartment that involve expenses when selling an apartment, and that depend on the amount of the service you request and the amount of the Australia Phone Number List sale of your home. We can find two different types of expenses: that of the notary and agency and that of the community of neighbors .

Notary and agency expenses
Each notary and agency establishes expenses when selling an apartment , although it is true that the notary's price is stipulated according to current regulations and the amount of the property, charging a fixed fee as stipulated in the 1989 law; But there can, and usually, be differences in the final cost if they give a discount, which can reach 10% .

These expenses include the deed of sale, essential to add the home to the property registry; the appraisal ,  processing , advice and management of the sale.

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Neighborhood community expenses
The community of neighbors can also incur expenses when selling an apartment if you are not up to date with payments, and in which case you will have to take care of the debts . This is an expense to take into account for the buyer as well, because if it is not settled, the new owner will be the one who has to assume the payment.

If you have not had any non-payment problems with the community, and it has been at least during the year of the sale, you must request the debt-free certificate with the community , which certifies your current payment status. This certificate is requested from the secretary or president of the neighborhood association, who verifies the veracity of the circumstance, and has a free cost and a delay of up to one week.





Taxes when selling an apartment
In addition to the expenses for the procedures to be carried out, you must also take into account the taxes that exist for selling a property : Personal Income Tax (IRPF), Municipal Capital Gains (IIVTNU) and Property and Real Estate Tax (IBI) .

Personal Income Tax ( IRPF)
Personal income tax includes the gain or loss from the transfer of the home. So, you will have to pay a certain amount of money if there are profits, but not if there are losses.