Selling your property in Tenerife

There comes a time when we all want to sell our home and move on.  Like any property market, Tenerife’s moves in peaks and troughs.  If you have a property for sale in Tenerife, finding a buyer when the cycle is at a low ebb is not impossible, but it requires a considered approach.  Tenerife Lifeline discusses preparing your home for sale, understanding who you are selling to, how to reach them and pitching your property at a price that will interest a buyer.  The book covers how to choose an estate agent and the merits of selling your home privately.  When you find a buyer, you will sign a deposit.  Sometimes these can be written to your advantage, obliging the buyer to pay certain taxes, but this is becoming increasingly uncommon.  Nevertheless, it is a good idea to understand some of the legal process and doing so may help you to minimise the costs involved in selling your property.  There are different rules that apply to residents and non residents, and you may find that the buyer will retain some of your proceeds to cover taxes.

Black money is becoming increasingly less common, as the tax men clamp down, and you may find buyers are not willing to pay ‘cash under the table’.  Understanding why may help you to negotiate the best terms for yourself. 

And lastly, Tenerife Lifeline will ensure that you tie up the loose ends that remain after property ownership to ensure that you have no more problems that may come back to bite you after the sale.