In case you have inherited a property, be aware that in addition to the inherited property, the deceaseds debts also pass to the heirs. That is, if the credit of the house is still being paid and does not have an associated life insurance, the heir will be responsible for paying it. So, learn the steps necessary to proceed with the sale of inherited property in a simple way. #Step 1: Calculate real estate capital gains The sale of inherited property will generate capital gains associated with the profit that the seller earns. Capital gains from a property are calculated using the following formula: Capital gains = Sale value (acquisition value x currency devaluation coefficient) - charges for purchase and sale (charges incurred with property appreciation in the last 5 years). The expenses incurred with the increase in value of the property refer to the works or investments in the house that have contributed to its increase in value, such as, for example, the installation of a central heating system, and which took place in the last five years before the sale of the house. The purchase and sale charges are the IMT (Municipal Tax on Onerous Transmissions of Real Estate) and the deed for the house sold. However, in the situation where the property is inherited, how is it possible to know the acquisition value of the property, if it was not bought by the person who bought it? According to article 45.1 of the IRS Code, regarding assets acquired gratuitously (as is the case of inheritances), the acquisition value is the one corresponding to that weighted for the purpose of Stamp Duty (or the former inheritance tax) settlement, even if the operation has benefited from exemption. This value refers to the Taxable Patrimonial Value (VPT) of that property and that was included in its Caderneta Predial in the year in which it was transmitted by inheritance. Therefore, it will be essential to validate the values with a tax office, especially if the division was made some time ago. The purchase value in the Caderneta Predial is updated by the Finance Department. A monetary correction is applied, which differs depending on the year of purchase, and the calculations to establish the amount of the correction are made by the Tax Authority. #Step 2: Declaring the sale of inherited property in the IRS Next, you will need to declare the sale of inherited property on the IRS. The amount you will profit from the sale, that is, the capital gains, is always subject to taxation by the IRS. The income from this sale must be included in Annex G of Form 3, to be submitted in the second phase of the income declaration. If the property belongs to more than one heir, each heir will have to identify his hereditary quota. According to the IRS Code, capital gains derived from the sale of inherited property purchased before January 1, 1989 and land for construction purchased before June 9, 1965 are not subject to IRS taxation. However, the declaration of this income is mandatory in Annex G1 of Form 3. For tax residents in Portugal the taxation of capital gains is weighted at 50%, i.e. half of the profit you made from the sale of the property will be included in your IRS and will be taxed according to your tax bracket for that tax year. However, in the case of a property declared as permanent residence (HPP) and if the value of the capital gain is intended for reinvestment in the purchase, construction or even construction of a new HPP, the capital gains acquired with the sale of the property are exempt from IRS payment, as long as the investment is made within 36 months after the sale of the first property. #Step 3: Execute the deed Finally, to sell the inherited property it is necessary to execute the deed of purchase and sale of the property. This can be done in the Notarys Office, in the Land Registry Office or in one of the branches of the Casa Pronta service. All the costs referring to the deed are supported by the house buyer, to which are added a series of taxes to pay: Registration of the deed; Payment of IMT (Municipal Tax on Onerous Transmissions of Real Estate); Stamp Tax on the transaction = 0,8%; Stamp Tax on the credit, if the buyer uses a mortgage (0.5% for loans of up to five years and 0.6% for loans longer than five years). IMT Formula: IMT = Deed Value or Taxable Asset Value (whichever is greater) x Rate to apply - Portion to be abated In certain cases a Notarial Justification deed may be required. This is common when dealing with very old properties that lack a formal title (such as a deed) valid for registering the acquisition. Therefore, if there is no declaration that can legitimize your property rights, the Notarial Justification serves to prove exactly that. Usually these contexts occur when in the past there have been purely verbal deals of purchases and sales, donations and partitions of the property. Note that if the property is not registered in your name you cannot sell, mortgage, or lease it. In this sense, it is essential that you pay attention to this aspect in the process of selling inherited property. This deed is executed in a Notarys Office, which provides all the legal accompaniment and organizes all the necessary procedure for registering the property of the current owner, including the participation of the Tax Department.
Owning your own home is one of the most desired goals of many, and there are indispensable items for those who go after this dream. Up-to-date documentation, as well as values and location are some of the main components that attract or keep potential buyers away. Besides these, there are a few other tips that can add value to your property for sale. In this sense, before putting the property for sale, it is necessary to take certain precautions so as not to harm the negotiations. Therefore, follow these tips to increase the value and sell your property faster. Valuing the property for sale The valuation of the property differs depending on the purpose of the sale and the audience for whom it is intended. Therefore, small renovations should follow this purpose. In other words, if the house is intended for middle-class young people, it is essential to put more emphasis on the shopping centers and malls closest to the property. In addition, the decoration and finishings should also fit the buyers preferences. #1. General inspection First of all, a general analysis must be performed to check if there is a need for a major renovation. At first, one must identify problems in the conservation and maintenance of the property. In this inspection are mainly observed: facade, locks, cracks, faucets, possible leaks and dark spots on the walls, possible short-circuits, among others. #2. Up-to-date documentation Likewise, one of the most essential items when selling a property is its documentation. Therefore, it is necessary that the current owner has the deed in his name. The propertys blueprint papers are also important in the financing. In this sense, an irregular documentation does not collaborate for the sale, and still causes your property to be devalued. #3. Renew the colors and the flooring The ideal is to leave the environments with light and neutral colors, since more intense colors may not appeal to most potential buyers. In addition, pastel colors are on the rise. For the floors, wood floors are preferred by many, but if you leave the same, fix the broken and/or crooked parts. #4. Organize the electrical and plumbing installations Indispensable, the electrical issue can be a problem or the quality of a property. Thus, investing in an electrical project can increase the sale value. Because it is very important and dangerous, it takes all the planning, design, and execution of the improvements. After that, the inspection is the last safety step. #5. Investing in durable materials Both in decoration and finishes, the materials used give value to the property. Use good flooring, cabinets, and other objects with good durability. #6. Put in good lighting Special care should be taken when choosing lights for the rooms. In bedrooms, the recommended ones are those that give a feeling of comfort. In the kitchen, fluorescent lights are recommended because they make the room brighter. #7. Having a clean environment Not only in the walls and furniture, keeping a clean decoration attracts buyers. For this, mirrors are recommended, since they give an air of sophistication and spaciousness to the rooms. #8. Stainless steel appliances The stainless steel appliances call more attention than the common white ones. They also make the room more sophisticated. #9. Keep the environment clean and ventilated Always keep the home organized, clean, and ventilated. Pet smells, dust, and pet odors are a sign of poor hygiene, and can drive buyers away. #10. Buying safety equipment Safety is one of the items at the top of the priority list for people thinking about moving. Even if the neighborhood is dangerous, good security equipment, such as cameras, can bring new residents peace of mind. Location makes a difference When looking for a property to buy, location is one of the most important factors. Therefore, those selling need to make this a positive point of their property for sale. Points such as proximity to commercial areas, ease of commuting (train, subway, and bus), leisure areas, and traffic are important for the valuation of the house or apartment.
If you want to make a good deal with your home, learn more about this increasingly used technique that really has an effect! Home staging: Trend in the real estate market Home staging stages the various rooms in the home, converting them into spaces that are as well decorated as they are depersonalized. In this case, depersonalization is an advantage. Mainly, home staging converts homes into a place where you can easily see yourself living and customize/adapt to your tastes and personality. How many times has it happened to you that youve been looking for a house to buy and, after visiting it, you cant imagine yourself in that space because its so full of belongings and personalized objects from the former residents? Home staging comes precisely to solve this issue! Advantages of home staging Official data from companies dedicated to home staging reveal that by using this technique, in the case of tourism housing, the occupancy rate can increase up to 30%, and in the case of houses for sale, the final value can exceed 15%. In this sense, this technique is seen as a strong advantage in terms of property valuation and as a way to capture more attention, both from potential buyers and from those who want to spend a weekend or a mini vacation in a home that is under this context. Disadvantages of home staging What is always pointed out as a great advantage can also be the main weakness of this concept: the depersonalization of the space. If, on the one hand, this technique helps to attract clients for rentals and to increase the value of a property, there are also those who give particular value to a house where you understand who it is, who lives there, and the story behind that house. Another disadvantage is that you will always have to invest some money to do home staging. If you do, you will have to buy or rent the accessories and materials. Tips to achieve an ideal home staging #1. Leave everything in order It is fundamental in home staging to certify order and tidiness in all spaces. Its not about laminating the sofas or anything like that, however, it is essential to ensure good cleanliness and tidiness. In the case of the kitchen, for example, you can leave some utensils strategically exposed so that the new family can more easily imagine how the food preparation moments will be in that house. #2. Know the four magic elements in home staging Lighting, cleaning, storage, and decorating. These elements are the key to flawless, perfect home staging. Focus on each of them, make sure they are all perfected, and you will reap the rewards of that investment. #3. Something old, something new: how to mix different styles Its becoming more and more of a trend these days, and in home staging its no different. Dont be afraid to mix styles! This mixture will most likely be the center of attention in the room and the real success! Look for interesting and old pieces around the house, if they need a treatment do it and display it later with pride! #4. Think well about where you are going to invest Maybe your floor is in need of a makeover. But think about it: imagine you even invest in a darker type of floor, to your taste, and the people who come to visit love lighter floors? Your investment will be completely worthless. It is better to invest in accessory and decorative pieces than in more structural things. #5. Personalize, but not too much A house with some personalization is always a house with soul. But, it is essential to impose certain limits! It is one thing to have a picture on the wall of a movie you love, a place you have visited, or even a phrase that means a lot to you. Its another thing to have scattered all over the place - for example, cartoon puppets. Then you may have already crossed the limit and may jeopardize the final goal.
During the process of selling a home it is possible that Home Insurance occurs at the bottom of your long list of concerns. However, this is a mistake that can be costly. In this sense, we present 5 tips that will help you certify your security when the time comes to sell your house. #1. Do not cancel the insurance too soon Selling a house may generate some anxiety, however, the will to do it as soon as possible should not cause problems in the near future. The safest thing to do is to wait until the house has actually been sold, and then cancel the insurance. If you cancel the insurance and something happens to your home before you have sold it, you may have to make expensive repairs and/or even lose the opportunity to sell. #2. Contact the insurance agent Once the house is on the real estate market, contact your agent to let him or her know that it is in the process of being sold. Your agent can play an important role in guiding you on what you need to accomplish in preparation for the sale of the home, as well as advising you in the event that buying a new home is part of your plans. #3. Create an inventory As you organize the various objects and equipment in the house, you should create an inventory where you will list your main possessions. If you find that creating a list is laborious and time consuming, you can always choose to photograph your home or record a video. If you have the time, it will be extremely beneficial to record serial numbers on your valuables. In this sense, in the event that something happens to your items when you move, recording them in detail may make the claims process simpler. #4. Inform the agent if you have two properties in your name at the same time It is possible that the date your house is sold does not coincide with the date of purchase of your new house, which means that you may have two houses at the same time for some time. In that case, it is important that the agent has this information on his side, especially if the move to the new house takes place before the sale process of the current house is finished. #5. Taking out a new homeowners insurance policy Home insurance cannot be transferred if you buy a new home after selling your current one. Therefore, you should communicate your plans to the broker to avoid unexpected delays. It is crucial to understand that House Insurance is specific to the house that is covered by the insurance and is therefore based on components such as the year the house was built and the materials used for its construction. You should wait as long as it takes for your new insurance to become active, at which point you will be ready to close the purchase process for your new home.
If you are considering selling a house, know what documents you need to have so that everything runs smoothly until the day of the deed. Keep in mind that there are documents that are mandatory and others that will make the whole process easier for the future buyer. Identification Documents for Owners Valid identification documents of all owners. It should be noted that in the case of an Inheritance or a property bought as an unmarried person and, in the meantime, married, you will have the identification document and consent of all spouses for the sale of the property. Urban Real Estate Booklet (CPU) You can obtain this document through the Tax Authoritys website in the Patrimony area. Permanent Certificate of Real Estate Registry or Certificate of Content (CRP) This document can be obtained online at www.predialonline.pt, or at the Land Registry Office. Energy Certificate The Energy Certificate may have to be executed by an accredited expert, for this you can consult the website of the regulatory entity www.adene.pt . Use License Exemption Certificate You can obtain this document from the City Hall where the house to be sold is located. The presentation of this document is mandatory on the day of the deed. It is important to highlight that in some cases there is an endorsement of this authorization in the title certificate. Housing Certificate and Certificate of Deposit at the City Hall For all properties whose Certificate of Use License Exemption is subsequent to March 30, 2004. The respective certified copy of the certificate can be obtained at the City Hall where the house is located. The Technical File, in case it is not original, must be accompanied by a certificate issued by the City Hall attesting its deposit. Legal Right of First Refusal Since November 21, 2021, the Housing Framework Law, regulated by Decree-Law 89/2021, obliges all owners of real estate located in an urban pressure zone to create the right of preference announcement prior to the sale of the property. The announcement must be created at www.casapronta.pt . Condominium Charges Statement As of April 1, 2022, this document will become mandatory in real estate purchase and sale deeds. It must be requested from the condominium managers 15 days prior to the deed date. Term of mortgage cancellation If you used a mortgage to buy the property you are now selling and if you have not yet fully paid off the loan, you will have to request the mortgage cancellation agreement at least 10 days before the deed of sale. This document will have to be requested from the financial institution that gave you the mortgage. Location and property plan This is not a mandatory document, however, if the buyer needs to resort to bank credit or if the property does not yet have an energy certificate, it is a document that saves and facilitates the work of experts who will evaluate the property. Birth and Marriage Certificate These documents are not mandatory and only apply in cases where you have changed your marital status since the date you bought the property. Inheritance and Stamp Tax Only in the case of an inheritance you will have to present the Heirs Inquest and the respective Stamp Tax of the death notice to the tax authority.
In advertisements of properties for sale on real estate portals, good pictures that present the house or apartment to the consumer are a must. The ideal is to have at least 15 pictures that show all rooms and some details of the place. Despite the possibility of hiring professional photographers to do the work, the cost can be high. Therefore, it is essential to understand that even with a cell phone it is possible to take good pictures, just by following some tips. #1 Take lots of photos To make sure that you have at least one good picture of each room, you should take lots of pictures. It is better to have several images, with variation of light and angles, and be able to choose the best one than to have to go back to the property to take new pictures. #2 Organize the property Before taking photos, the location should be minimally organized and cleaned. Out-of-place objects, furniture that will be discarded, and trash in general should be organized or thrown away. The house should give the impression of an ideal place for the potential buyer, and should therefore be presentable. #3 Test different angles In order to get a complete view of each room, you should take the pictures from various angles and positions, so as to be able to cover every corner and detail. #4 Be careful with lighting Pictures that are too dark or too bright are not recommended. Therefore, one should always seek balance, open windows and doors, and take advantage of natural lighting rather than using flashbulbs. #5 Avoid blurred photos Blurred or out-of-focus images are a nightmare for people who are not used to photographing often. To avoid blurry or out-of-focus images, you can always prop up your phone or camera on a table or other flat surface and set the timer. #6 Look for innovative images Besides the traditional photos of the bedrooms, bathroom, kitchen, and living room, you can exercise creativity and look for images that show the differentials of the property. For example, you can show the view out the window, the living areas of the condo, or even the inside of built-in furniture, vintage doorknobs, and whatever else might be the differential of that house. #7 Choose the resolution of the images Resolution brings sharpness and contrast to the photo. Thus, one should select the maximum resolution, especially in the case of taking pictures with a cell phone. After the images are taken, it is easy to decrease their size to be able to include them in the promotion of the property. #8 Prefer horizontal images For the web, one should take pictures in the landscape position, i.e. horizontal. Vertical photos can be diminished on websites with limited space and may not clearly show the details of the image. However, on some occasions a vertical photo is more suitable, for example to show an entire building. #9 After photographing the property After taking dozens of photographs, you must edit them and choose which ones will be part of the ad. When assembling the gallery of images of the property, one must think about the logic of viewing the images. One tip is to follow the order of the rooms in the property: first the garden, then the garage, living rooms, kitchen, bedrooms, and so on.
This ideology could be seen as an alternative solution for consumers facing economic difficulties. However, in order to do so, the property has to be marketed with usufruct reservation. The problem is that it is not always easy to find someone who wants to buy a house and accept that the former owner will continue to live in the property. That is why this business is mainly of interest to investors with money to invest and who are not in a hurry to live in the house. It can also be a viable solution for parents with small children who want to buy a house for when their children become adults. To be able to perform this operation one must bet on certain criteria. One of them is to make the house available below the market price, since this is the only way to attract interested parties who are willing to wait for the property. Besides, if the purpose of the sale is the liquidation of a loan, it only pays off if the amount owed is lower than the price of the house. Otherwise, other solutions are preferable, such as negotiating the debt or giving the house to the bank. Potential buyers must have equity, because banks will hardly give a loan for such an operation. But how does it work? The term of the contract ends, unless it is established, when the usufructuary dies. This is the best solution for elderly sellers. If they are younger people, it is better to set a time limit. This is the case, for example, for ten years. To avoid unpleasant surprises, all the important factors of the deal must be written in the contract, covering the term of the lease (purchase and sale with lifetime usufruct or term) and it must follow a series of procedures. This operation is formalized by a private document or, more commonly, a public deed, which can be done in a notarys office through the Casa Simples, Casa Segura or Casa Pronta services in a land registry office. If damage occurs to the property, it is the responsibility of the usufructuary. They are also in charge of the necessary repairs to keep the house in good condition. However, the obligations do not stop there. Taxes and fees are the responsibility of the person who is living in the property. This is the case, for example, with the IMI and the sewage maintenance fee. As for improvement works, they are the owners responsibility. Extraordinary repairs are also his responsibility, except when they are due to bad management by the seller. In that case, the latter will pay. However, if the owner does not want to wait any longer for the house to become available, he can always sell it. In this case the usufruct is maintained and there is a new owner. If a mortgage loan is needed to make the sale happen, the authorization of the usufructuary is required. However, the usufructuary has no interest in refusing.
Today, there are platforms to sell your property online. Follow this guide to advertise your property quickly. Create the ideal ad First, you need to understand how to create the best possible ad, that is, an ad that illustrates the property well, that is complete and has quality illustrative material. With all these components it is halfway to a successful sale. #1. Evaluating the property The first step to consider in the selling process is pricing the home. You may even have a number in mind that matches what you would like to receive for the property, but it may not match reality. One of the most effective ways to sell your home quickly is to price it competitively. If the price is too high, your house will spend more time on the market. Also, if it is too expensive, it will take longer before it is sold. Therefore, you can ask for the help of an expert to properly evaluate your house, since this aspect depends on many factors: size, condition, typology, location, among others. The real estate agent will help in this field, since he will research comparable houses in the same area, in order to set a realistic price. In case you need to sell quickly, you should consider pricing the house a little lower to attract potential buyers. To find out how much your property is worth quickly and easily, consult our Property Valuation tool by Infocasa , which will compare your homes information with real market data, setting a final price based on the current market. #2. Define the target audience To sell online, one should consider that anyone can be a potential buyer. However, there are limitations to consider. For example, it is unlikely that a young person will buy an apartment that is too large, with a 3 bedroom typology or more. In the same way, a family of four is unlikely to be interested in a one-bedroom or studio apartment in the first place. In this sense, understand who is really interested in the house and act accordingly, in order to attract the people who really identify with your property. #3. Use plain language Most people are not aware of the lingo related to the real estate market, so do not give in to the temptation to use overly eloquent words, as it can make all your communication ineffective. Rather use terms and expressions that are known to all. On the other hand, you should make your description as enlightening as possible, with a catchy title that will make people interested in your property. #4. Put as much information as possible A complete and detailed description is essential so that no doubt is left unanswered. On online property sales platforms, you will find several fields to fill in and you really shouldnt avoid it. There is also the possibility to identify other essential details that do not directly concern the property, however, that can make a difference, such as the proximity to services, schools, supermarkets, the road accesses and parking. #5. Create a gallery of good images Before taking the photographs of the property, you should prepare the house for the photo shoot. It is not necessary to have everything spotless and shining, however, you should tidy up and organize all the rooms so that interested parties get a more accurate idea of the potentiality of the space. Later, the photo shoot. If you can count on the help of someone who knows a little about this area, so much the better. Otherwise, keep the following tips in mind: Always shoot in good light, preferably taking advantage of natural light; Show all the angles of each room well; Do not leave any room unphotographed; Be careful with the images reflected in the existing mirrors in the house; Dont edit in a way that makes it look like the space is bigger or has a higher ceiling height than it actually has. #6. Make videos of the property In addition to photos, making a short video about the habitation will give a more real and concrete idea of the space you want to sell. #7. Be available to answer questions Buying a house is not something done spontaneously and lightly. Rather, it is a well-thought-out process that takes time to research, implying that anyone who is selling a property must be available to answer questions as they are asked. Failure to answer or delay in answering can lead to a potential buyer losing interest in the property. Selling your home online: Real estate portals Giving visibility to your property is fundamental to sell faster. In this sense, advertising the property in one of the main real estate portals such as SUPERCASA or CASA SAPO is a simple and effective way to sell your property fast. This is because, besides a high number of interested parties, it is still possible to count on the help of specialists. Real estate agencies We suggest that during this process you use a real estate agency to help. At SUPERCASA we help you to find real estate agencies near you and not only... You can search each one of them on our page and check their property portfolio and the quality of the advertisements published: from photos, to description, in order to have a better perception of service quality. Click here and find the real estate agencies closest to you.
Besides companies, several people seek quality of life outside their country in search of a better life. Our country is one of the best countries to live or simply to have a vacation home. It has a great diversity of landscapes, a good climate, and an excellent geographical position. For most foreigners, the cost of living is considered low. In this sense, a property sale to foreigners is a good business opportunity for you. Types of buyers Investors The Portuguese real estate market has been arousing interest among foreign investors, being considered one of the most attractive in the market. Namely, Brazilian citizens with large capital investments, French and Chinese who invest through gold visas. Those who invest value, mainly, the location and, therefore, it is essential that the houses are well located. The cities of Lisbon and Porto are referred to as countless epicenters of dynamics in Portugal. Residents Among residents, it is possible to find employees of companies who are transferred to Portugal. Mostly couples between 50 and 75 years old looking for a second home or to spend their retirement time in Portugal. These buyers are looking for 2 or 3 bedroom properties, close to the beach and countryside, with leisure facilities and services nearby. Since they do not know the region well yet, they prefer to choose to live near areas with accessibility. Advantages With the desperation to find a house to live in, long or short term, many immigrants subject themselves to financial efforts to keep the property. Tourist Boom, this phenomenon has encouraged the growth in the number of houses and apartments aimed at short-term accommodation. Appreciation of the houses with the rise in demand in the main cities in Portugal. Favorable positioning of the country to live in. According to the InterNations study, about 94% of the immigrants in Portugal state that they are satisfied with the attitude of the local inhabitants towards foreign residents. On the other hand, Portugal belongs to the list of the best countries to buy a house because of its tax benefits applied to non-habitual residents for a period of 10 years, with the purpose of encouraging to live in Portugal with the Living in Portugal program. This is, without a doubt, considered a highly motivating component for foreign investors.
There are a few reasons why you hear spring cleaning a lot. This annual phenomenon consists of a refreshing attitude during spring that makes it a good time to sell a property. During the winter, we hibernate in dwellings with the heating on full blast most of the day. However, as the first green shoots begin to appear, the way we use the house changes. In that sense, we begin to prepare it for the warmer and brighter seasons. Spring cleaning When selling a property during the spring, seasonal tidying is a must. Spring cleaning is not limited to just sweeping, mopping and cleaning, but also looking for those bits of wall that need repainting, the bathroom tiles that need replacing, and the outside areas that need to be washed and cleared of weeds. There are also several useless objects that need to be thrown away to make the house look as good as new. Demonstrate a clean, fresh environment and an organized home to potential buyers. This way you will be enjoying the new beginning mentality of spring to the fullest. For extra impact, use cleaning products that have a floral scent. Prior to viewing the house, open your windows on the cleaning program and open the curtains to let in as much natural light as possible. Seasonal colors Spring relates a lot to color, with bright flowers beginning to bloom and greenery returning to trees and grass. So expand these hues in the house in subtle ways, to make it look and feel like spring inside and outside the house, which results in a greater likelihood of a sale. You can also use colors such as yellow, pink, green and blue on a neutral white or cream background to bring the cheerful color palette of spring into your home. You can also add pillows, colorful furniture items, or paint a single light-colored wall in each room. Choice of flowers This season is synonymous with flowers, so in addition to bringing floral colors and scents into your home, you can also add real flowers to complement the seasonal aesthetic. Placing vases of flowers in every room can enhance the space while costing little money. The effect will be to make potential buyers feel like they have entered spring as soon as they enter your home, helping to stimulate a quick sale. Sense of surroundings The key to selling your home in the spring is to consider in all the positive images, feelings and smells you associate with the season, and find small ways to reflect that in the house. By engaging the senses so that potential buyers feel spring as soon as they enter the house, you demonstrate that this is housing where they can start fresh. It only takes small details to make sure that this spring is a good time to sell a house.
With home prices on the rise, now is a great time for homeowners to consider selling. Many people want to move home, but with the lack of supply in the real estate market, competition is high among buyers. In this sense, it is essential that you prepare the house to the best standard before a visit, in order to help you have the best chance of selling quickly. In this sense, we present 6 simple and economical tips to help sell your house. #1 Make the exterior of your property more attractive Clean up dead leaves, weeds and twigs and move your garbage and dumpsters out of sight to give buyers a better view of the exterior. If you have some rocks or gravel in sight, remove them as well. Take a rake to level the lawn and mow the grass and trim back any hedges or bushes. In case the house has a garage, organize it to look as big as possible and consider parking the car away from the front of your house. #2 House odors To ensure your home is smelly, avoid cooking food the night before or the day of the visit. Dont smoke in the house before the showing, remove all ashtrays, and empty all your garbage cans. You may also consider temporarily rehoming any pets. Remove all dog and cat hair from couches, beds and carpets and temporarily hide pet food bowls, toys and beds. #3 Clean and tidy To avoid unnecessary clutter, put everyday items such as toothbrushes, toothpaste, and toiletries in a cabinet and put used towels in the laundry basket. Avoid showering before a showing so that the bathroom doesnt get damp. Wash pots and pans and put them away in the cabinets. You should also put all food on kitchen surfaces in kitchen cabinets. Clean and polish your windows from the inside, open all the curtains and blinds, clean your mirrors, especially those in the bathroom, wash your bedding and make the bed. #4 Organizing the house Remove coats and shoes from the hallway to increase the feeling of entryway space. In order to make money, you can sell any items you no longer use and make sure you can walk freely around the house without bumping into objects. You can also find out how potential buyers plan to use the rooms, and then arrange the rooms to demonstrate how this might be possible in your home. If road noise is louder at certain times of the day, make sure all windows are closed. It is also a good idea to remove any dead or wilted houseplants. #5 Price to sell One of the most effective ways to sell your home quickly is to put a competitive price on it. If the price is too high, your home will spend more time on the market. Also, if it is too expensive, it will take longer before it is sold. The real estate agent will help here, as they will research comparable homes in the same area in order to set a realistic price. In case one needs to sell quickly, one should consider pricing the house a little lower to attract potential buyers. To find out how much your property is worth quickly and easily, consult our Property Valuation tool by Infocasa , which will compare your homes information with real market data, setting a final price based on the current market. #6 Publicize in the main portals Giving visibility to your property is essential to sell faster. In this sense, advertising the property in one of the main real estate portals such as SUPERCASA or CASA SAPO is a simple and effective way to sell your property fast. This is because, besides a high number of interested parties, it is still possible to count on the help of specialists.
In this regard, it is essential to point out that, in addition to capital gains on property, financial investments and gains from financial investments may also generate capital gains in IRS. These components are declared in Annex G and G1 (or both), which refer to taxed and non-taxed capital gains, respectively. Capital gains from real estate If you sold a house in 2021, you will have to declare the sale in IRS, namely in annexes G or G1. If you bought the house you are now selling before January 1st of 1989, then you will have to fill in annex G1 (box 5). If it is later, then annex G (box 4) must be filled in. In case the house sold was bought in installments and on different dates, for example in case of an inheritance, then both annexes should be filled in. Since, assuming the property is owned by two ascendants, upon the death of one in 1988, you inherit a portion of the property, and upon the death of the other ascendant after 1989, you inherit the remaining portion. Before the Tax Authorities, the dates of acquisition are distinct. In a situation where you sold the house for a higher price than the purchase price, then so-called capital gains were generated. In other words, if you made a profit you will have to pay tax. The State taxes 50% of the capital gains from the sale of a property, and it is possible to deduct expenses (expenses for construction, real estate agents commission, costs for the Energy Certificate, expenses for registration and deed of the sale) for its calculation as well as to benefit from exemptions. To find out the capital gains generated from the sale of a property, you can use the following formula: Capital gains = sale value of the property (acquisition value of the property x monetary coefficient) - expenses with purchase and sale - expenses borne with valuation of the property (in the last 12 years). Also bear in mind that the expenses shown as expenses borne with the increase in value of the property must be duly proven. Proof may be required within five years. Capital gains from financial investments In the case of capital gains from financial investments, it may not be of interest to opt for aggregation. Unless your taxable income (including gross interest) is less than 10 700 euros, in which case a rate of up to 23% applies, or if you have sold shares and have a negative balance between capital gains and losses. Capital income, such as interest from bank deposits, savings or treasury certificates, or stock dividends, are taxed at a rate of 28% and are withheld at source by the entity paying them. You are therefore not obliged to declare them to the tax authorities, unless, of course, you opt for aggregation. If you choose aggregation, all income of the same nature (interest from term deposits, stock dividends, among others) will have to be declared in detail, mentioning the income received and the withholding already made. Then, this income is automatically added to the other income you earned in 2020. The sum obtained will correspond to an IRS tax bracket, with the respective rate. For example, a taxable income corresponding to the fourth tax bracket (between 20,261€ and 25,000€) is subject to a rate of 35%. This means that you would pay more tax than the autonomous taxation of 28%. If you have doubts about whether you should opt for aggregation or autonomous taxation, do the simulation when you are filling out your tax return and decide which is more advantageous for you. Capital gains resulting from financial investments have to be declared in Annex G. Besides that, you should also take into consideration that the income resulting from the application of capital subject to special or liberatory rates must be declared in Annex E. To do so, you should mark this option in box 4 A (autonomous taxation).
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