Peculiarities of the sale of second-hand homes

  • 5 years ago
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In view of the growing demand for housing, we are seeing more and more individuals putting their property up for sale.

The real estate sector is increasing its sales at a dizzying rate. In fact, last year 2018, the sale of houses and flats increased by more than 10% according to the data provided by the National Institute of Statistics. In particular, this is the highest figure in the last decade.

This growth explains the increasing incorporation of second hand properties to the real estate market. More and more individuals are choosing to put their second or even main home on the market.

When a buyer is looking for a home, the first thing they look at is the condition of the property. Whether it is equipped and ready to move in, whether there are enough bathrooms or whether it has a living room are some of the most important aspects.

The purchase of new and second hand homes has some differences. The most notorious ones tend to be in their appearance and purpose, but the regulations for their sale are also different.

For example, in the case of new homes, the state of the house is usually favourable and the families that join the property usually do so with hardly any changes. However, the purchase of second-hand homes is often accompanied by works that make use of the main structure.

In relation to the regulations, this is a very specific situation that requires various documents to be able to buy and sell the property. It is not enough to have the personal details of the buyer and seller, but the history or memory of the home must also be presented. In other words, documents that certify the good condition of the property, both economically and for its habitability.

Some of the documents to be taken into account are

  • ID card of the buyer and seller.
  • The previous deed of sale.
  • The last receipt of the Property Tax (IBI).
  • Document certifying that the home is free of payment in the Community of Owners (if it exists).
  • Copy of the statutes of the Community of Owners (if it exists).
  • Certificate of outstanding debt, to know if there is any debt on the property.
  • Certificate of energy efficiency
  • Certificate of occupancy, in some cases.
  • Simple note from the property register.

 These are some of the aspects to take into account, but depending on the type of home and situation the necessary documentation will vary. As you can see, there are many factors to take into account when selling a second-hand home. Therefore, it is important to have professionals who take all these aspects into account and facilitate the sale and purchase of the property.

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