Frequently asked questions and answers

What should I do if I want to know the price of my home?

If you want to know the price of your home, there are several methods you can use:

1. Professional assessment:

  • The most accurate way to determine the value of your home is to hire a professional appraiser. Appraisers have experience in the real estate market and can consider several factors that affect the value of your home, including location, size, condition, features and local market trends.
  • Nevertheless, for professional appraisals it is recommended that they be done by a real estate expert rather than an architect or technical architect since they have, above all, the sensitivity of the market.
  • It must be said that if the person doing it has to sell you the house, it can be distorted in favor of a lower price and therefore, ideally it would be a professional not directly linked to the sale.

2. Online assessment:

  • There are several web portals that offer free online assessment tools. These tools allow you to get an estimate of your home's value by entering basic information such as location, square footage, number of bedrooms and bathrooms. Keep in mind that online ratings are not as accurate as a professional appraisal.
  • Here you have a few free ones that have a very elaborate algorithm. They are essentially based on the advertisements published on the portals and have a database throughout Spain of around 5 million witnesses:

3. Comparison with similar properties:

  • You can compare the price of your home with similar properties that have recently sold in your area. This can give you an idea of ​​the market value of your home. You can find information about recent sales through real estate portals or by contacting local real estate agents.

4. Consult real estate agents:

  • You can contact several real estate agents in your area to obtain a valuation of your home. Real estate agents know the local market and can provide you with an estimate of the value of your property.

Factors that affect the value of your home:

  • Location: Location is one of the most important factors affecting the value of your home. Properties located in areas with high demand tend to have a higher value than properties located in areas with less demand.
  • Size: The size of your property also affects its value. Larger properties tend to have a higher value than smaller properties.
  • Condition: The condition of your property also affects its value. Properties in good condition tend to have a higher value than properties in need of renovations.
  • Features: The features of your property, such as the number of bedrooms and bathrooms, the pool, garden or parking , also affect its value.
  • Market Trends: Trends in the local real estate market also affect the value of your home. If the market is rising, the value of your home will increase. If the market is going down, the value of your home will go down.

Tips to get the maximum price for your property:

  • Make necessary renovations: Before selling your property, make necessary renovations to make it in good condition. This will increase its value and make it more attractive to buyers.
  • Prepare your property for sale: Thoroughly clean and depersonalize your property. This will help buyers imagine living in it.
  • Take good quality photos: Photos are an important part of advertising your property. Make sure you take good quality photos that show your property at its best.
  • Write an attractive ad: Your property ad should be attractive and informative. Be sure to include all relevant information about your property, such as location, size, features and price.
  • Make a good price: Your property should be priced competitively. If the price is too high, you will not be able to sell your property. If the price is too low, you will not get the maximum possible profit.
  • Promote your property: Promote your property through various channels including real estate portals, social media and billboards.

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Reviewed the: Nov. 15, 2024, 8:24 a.m. | Does 1 month, 1 week

What is the typical commission for selling a home?

The real estate commission for the sale of an apartment is not regulated by law, so it can vary considerably. The usual commission is between 3% and 7% of the final sale price, but can be higher in some cases, such as for luxury properties or in areas with low demand.

Factors that influence commission:

  • Property type: Luxury properties tend to command higher commissions as they require more effort to sell.
  • Zone: Properties in low demand areas may command higher commissions as estate agents have a harder time finding buyers.
  • Sale Price: Properties with a higher sale price tend to have higher commissions.
  • Experience of the real estate agent: Real estate agents with more experience and a track record of successful sales tend to charge higher commissions.
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  • Services included: The commission may be higher if the real estate agent includes additional services, such as mortgage management or the processing of documents.

Tips for negotiating commission:

  • Compare the commissions of several real estate agents: Before hiring a real estate agent, compare the commissions charged by different agents.
  • Negotiate commission: Don't accept the first commission offer a real estate agent makes you. Negotiate the commission to get the best possible price.
  • Ask about the commission in writing: Make sure you get the commission in writing before you hire a real estate agent.

Alternatives to the traditional commission:

  • Pay a flat fee: Some real estate agents charge a flat fee for their services, rather than a percentage of the sale price.
  • Pay by the hour: Some real estate agents charge by the hour for their services.

Legal information:

  • The State Tax Administration Agency (AEAT) considers the real estate commission as a deductible cost in the income statement.
  • The Supreme Court ruled that buyers do not have an obligation to pay the real estate commission if it has not been agreed in writing.

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Reviewed the: Nov. 15, 2024, 8:24 a.m. | Does 1 month, 1 week

What is the best real estate portal in Spain?

Here are some of the best real estate portals in Spain:

  • Idealista (https://www.idealista.com/) is the most visited real estate portal in Spain. It has a wide range of properties for sale and rent, including flats, houses, commercial premises and land.

    Image of Idealista real estate portal

  • Fotocasa (https://www.fotocasa.es/) is another popular real estate portal in Spain. It offers a variety of services, including real estate appraisals, mortgages and legal advice.

    Imagen de Portal immobiliari Fotocasa

  • Habitaclia (https://www.habitaclia.com/) is a real estate portal specializing in properties in Catalonia. It has a wide range of flats, houses and commercial premises for sale and rent.

    Imagen de Portal immobiliari Habitaclia

  • Pisos.com (https://www.pisos.com/) is a real estate portal that offers a wide range of properties for sale and rent throughout Spain. It also offers a variety of services, including real estate appraisals, mortgages and legal advice.

    Imagen de Portal immobiliari Pisos.com

  • Yaencontre (https://www.yaencontre.com/) is a real estate portal that offers a wide range of properties for sale and rent throughout Spain. It also offers a variety of services, including real estate appraisals, mortgages and legal advice.

    Imagen de Portal immobiliari Yaencontre

The best real estate portal for you will depend on your specific needs and preferences. If you are looking for a wide range of properties to choose from, Idealista or Fotocasa could be a good choice. If you are looking for a real estate portal specialized in a specific region or area, Habitaclia could be a good option. And if you are looking for a real estate portal that offers a variety of services, Pisos.com or Yaencontre could be a good choice.


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Reviewed the: Nov. 15, 2024, 8:24 a.m. | Does 1 month, 1 week

Is it better to sell a home as an individual?

There is no single answer to the question of whether it is better to sell a home as an individual or through a real estate agency. The decision will depend on various factors, such as:

Your knowledge and experience: If you have knowledge of the real estate market and experience in selling properties, you may be able to sell your home with success as an individual. However, if you do not have experience selling homes, it may be best to hire a real estate agent to help you through the process.

The time you have available: Selling a home as an individual can require a lot of time and effort. You will have to take photos of the home, write an advertisement, show the home to potential buyers and negotiate the price. If you don't have much time available, it may be best to hire a real estate agent to handle these tasks.

Your budget: Selling a home as an individual can be cheaper than selling it through a real estate agency. However, you will have to pay advertising costs, such as ads on real estate portals. Plus, if you don't have experience selling homes, you can make mistakes that cost you money.

The real estate market: If the real estate market is favorable to the seller, it is possible that you can sell your home successfully as an individual. However, if the real estate market is buyer-friendly, it may be more difficult to sell your home without the help of a real estate agent.

Your goals: If you want to sell your home quickly, it may be best to hire a real estate agent. However, if you want to get the maximum possible price for your property, you may be able to do so by selling it as a private individual.

Advantages of selling as an individual:

  • Save the real estate agent's commission.
  • Have more control over the sales process.
  • Be able to negotiate directly with buyers.

Disadvantages of selling as an individual:

  • It requires more time and effort.
  • It may be more difficult to obtain the maximum possible price for the property.
  • It may be more difficult to find buyers.

Advantages of selling through a real estate agency:

  • The real estate agent will take care of all the work.
  • The real estate agent has experience selling homes.
  • The real estate agent can help you get the maximum possible price for your property.

Disadvantages of selling through a real estate agency:

  • You will have to pay the real estate agent's commission.
  • You won't have as much control over the sales process.

Recommendations:

  • If you are thinking of selling your home as an individual, it is important that you do research on the real estate market in your area.
  • Compare the sales prices of homes similar to yours.
  • Write an attractive advertisement and take good quality photos of your home.
  • Be prepared to negotiate the price with potential buyers.

To do this we recommend tools such as https://www.immo-oferta.com

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If you decide to hire a real estate agent, be sure to choose an agent with experience selling homes in your area. Interview several real estate agents before making a decision.


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Reviewed the: Nov. 15, 2024, 8:24 a.m. | Does 1 month, 1 week

What is a simple note and what is it for?

It is an official document used to inform interested parties about the ownership of a property, as well as its charges and encumbrances.

This is a concise summary of the information that appears in the Property Registry on a given property.


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What is the cadastral reference?

The cadastral reference is the official and mandatory identifier of real estate. It consists of an alphanumeric code that is assigned by the Cadastre so that every property must have a single cadastral reference that allows it to be unequivocally located in the cadastral mapping.

It is composed of twenty characters. We can find these examples of cadastral reference structure:

Example 1: 9872023 VH5797S 0001 WX

In this case, of the twenty characters, the first seven identify the farm or plot, the next seven indicate the map sheet where it is located, the next four identify the property within the farm and, finally, the last two They are control characters that allow knowing if the previous eighteen are correct, preventing (or detecting) recording errors.

Urban Cadastral Reference Breakdown

Example with breakdown of the urban cadastral reference

9872023 VH5797S 0001 WX

  • Farm or Plot: 9872023
  • Plan sheet: VH5797S
  • Property Identification: 0001
  • Control characters: WX

Example 2: 13 077 A 018 00039 0000 FP

In this case, the twenty characters correspond to the following: the first two identify the province, the next three the municipality, the next is the character that corresponds to the sector, which indicates the aggregate or zone of parcel concentration (if applicable ), the following three identify the polygon (the municipal area is divided into polygons based on the homogeneity of crops, the existence of geographical accidents, etc.), the following five identify each parcel within the corresponding polygon, the following four characters will allow detecting or identify the existing properties within the plot and, finally, the last two are control characters that fulfill the same task as that indicated in the previous case.

Breakdown of Rustic Cadastral Reference

Example with breakdown of the rustic cadastral reference

13 077 A 018 00039 0000 FP

  • Province: 13
  • Municipality: 077
  • Sector: A
  • Polygon: 018
  • Plot: 00039
  • Property ID: 0000
  • Control characters: FP

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What is the cadastral reference value?

One of the main doubts generated by this new value for taxpayers is whether it is the same cadastral value, that of a lifetime. But these are different concepts. The new reference value is determined by the General Directorate of Cadastre and as we have explained previouslyit is based on the calculation from prices of real estate transactionsthat are made before a notary and depending on the cadastral characteristics of each property. This value will be determined year after year, simultaneously, in all municipalities.

On the other hand, the cadastral value is calculated based on the report of values ​​of the corresponding municipality and the location of the property, the location within the city, age, quality of the construction, reforms or renovations in the building, or the state of conservation. This value is updated by the Budget Law, although not simultaneously or uniformly for all municipalities.

In both cases, the values ​​are objective, that is, both the reference value and the cadastral value will value two dwellings on the same floor of a building, with the same surface area, even if one of them is renovated and with the highest qualities and the other not. That is, these two values ​​do not take into account the circumstances of each property that are made in the home.


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What do the acronyms IDUFIR and CRU mean?

IDUFIR means Unique Registry Property Identifier.

CRU contains the initials of Unique Registration Code.


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What is the IDUFIR number, and what differentiates it from the CRU and the Cadastral Reference?

The IDUFIR emerged as an alternative to the cadastral reference, providing more security and guarantees in the unique identification of properties registered in the Land Registry.

Although we can still find the cadastral reference in some documents, for example in purchase deeds prior to the IDUFIR, this quickly became the one used both by notaries and by individuals when requesting, for example, a Simple Informative Note in the Registry.

Later, in 2016, the CRU appeared, an evolution of the IDUFIR that maintained the same characteristics: 14 digits without variation over time, totally different from the cadastral reference.

Currently, given that the CRU has only been in use for a few years, the IDUFIR continues to appear as an identifier in documents such as the IBI, Simple Notes and Registry Certifications.


Drafted on: Oct. 30, 2022, 8:13 p.m. | Does 2 years, 1 month
Reviewed the: Nov. 15, 2024, 8:24 a.m. | Does 1 month, 1 week

What is the IDUFIR or CRU code for?

The easiest way to know the IDUFIR or CRU of a farm of which we do not own, is through a Simple Note.

Entering the virtual cadastre headquartersand entering the address of the property whose CRU you want to know, you will be able get the cadastral reference.

Once you have the address and the cadastral reference, it will be really easy request a Simple Note.

To obtain it, you can call the corresponding Property Registry, go in person to their offices or request it electronically.

The cost does not usually exceed 10 euros and, if you order it online, you can receive it in less than 48 hours depending on the registration.

▶︎ Request your Nota Simple online here (official website)

If what you want is to know the IDUFIR of your property, you can find it on the IBI receipt or, if you bought after 2004-2005, it may appear in the Deed of Sale.


Drafted on: Oct. 31, 2022, 6:33 p.m. | Does 2 years, 1 month
Reviewed the: Nov. 15, 2024, 8:24 a.m. | Does 1 month, 1 week

What is the Registrar Geoportal?

The Geoportal is probably the most advanced tool in terms of locating and identifying farms.

The effort to improve transparency and facilitate access to information, both for professionals and individuals, gave rise to the development of this application.

It wasn't easy. The challenge of linking the information from the Cadastre and the different Property Registries had to be faced.

Once achieved, the result is a portal through which we can consult cartographic information of a farm, know the registry to which it belongs and request the Simple Note of the same, and thus obtain the CRU or IDUFIR.

To access, you just have to enter Geoportal Registradores


Drafted on: Oct. 31, 2022, 6:38 p.m. | Does 2 years, 1 month
Reviewed the: Nov. 15, 2024, 8:24 a.m. | Does 1 month, 1 week

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