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Selling a flat quickly in Spain: how to shorten the timeline

By · Director of the Vinaròs office
Published · 3 min read

In short

  • Price: in line with real sales in the area from day one.
  • Documents: nota simple, energy certificate, IBI, purchase deed and community certificate, before listing.
  • Buyer: ask early how they will pay; with a mortgage, the law requires at least ten calendar days between the bank's documents and signing.
  • Arras: with a realistic deadline and a cut-off date for obtaining the mortgage.
Contents
Selling a flat quickly in Spain: how to shorten the timeline

How fast a home sells depends on a few things, and almost all of them are decided before the listing goes live: the price, the paperwork, the presentation, your availability for viewings and the buyer's financing. There is no average timeline that applies to every home, because each area and each type of property has its own pace. The delays that depend on you can be removed.

The right price from day one

The asking price comes first. A home listed too high gets few viewings, stays online week after week and ends up needing price cuts. Set it from real sales in your area, such as those the notaries publish on penotariado.com, and take into account the similar homes it will compete with.

Documents ready before listing

Have your documents ready before you advertise: the nota simple, the energy certificate (required in the listing), the cédula or licence where one is needed, the latest IBI receipt and the purchase deed. The community's certificate of debts is issued within seven calendar days of your request at most. If a mortgage is still outstanding, ask your bank for the redemption figure now. A charge or a missing paper that surfaces after the arras delays the deed or makes the buyer pull out.

Photos and viewings

Presentation decides how many people ask to view. Professional, well-lit photos, a floor plan and a description with the details everyone asks about (usable area, floor, orientation, community fees and IBI) attract the right buyers and save pointless viewings. Before the photos, tidy and depersonalise the home, and fix the small defects that show during a viewing, such as a dripping tap or a broken shutter.

Be available to show the home, including evenings and weekends. If you live far away, leave a key with someone you trust or with your agency. A video or a virtual tour lets buyers who live in another city or abroad decide whether the trip is worth it.

The buyer's financing and the arras

Once there is an agreement, the buyer's financing sets much of the timetable, so ask from the first viewing how they will pay. A cash buyer can sign as soon as the documents are ready. If they need a mortgage, their bank will value the home, and the law requires the loan documents to be given to them at least ten calendar days before signing, with a prior visit to the notary (Ley 5/2019). Ask the buyer to speak to their bank before signing the arras.

Agree arras with a realistic deadline. A short deadline the buyer cannot meet ends in extensions, and a very long one ties up the home. If the buyer depends on a mortgage, set in the contract the date by which they must obtain it and what happens if they do not. Book the notary in advance and check with the buyer that their bank will be ready on the day.

Situations that take longer

Some situations add weeks if they are not prepared in advance. If you live outside Spain, grant a notarial power of attorney so that someone else can sign for you; if you sign it abroad, ask the Spanish notary what legalisation and translation it will need. If the home comes from an inheritance, it should be accepted and registered in your name before you sell. If it is let, the tenant may have a right of first refusal that must be respected and notified.

Selling to a cash buyer

If you need to sell very quickly, a cash buyer, such as an investor, avoids the mortgage timeline. They may ask for a lower price in return, so compare their offer with a market valuation before accepting it.

At Alveo Properties the valuation is free and done by a local advisor. If you entrust us with the sale, our photo and video studio prepares the listing, we present the home to the buyers in our database who are searching right now, including international ones, and you pay nothing upfront: the commission is paid when the sale is signed.

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