Selling an apartment in Andorra: documentation and aspects that delay the sale

Selling an apartment in Andorra without having the complete documentary file before publishing the advertisement is an unnecessary risk. Administrative improvisation not only delays the signature at the notary, but also weakens your negotiating position from the first contact with a serious buyer. Qualified profiles and their legal advisors carry out strict audits of each asset before submitting an offer; Making their job easier is, ultimately, accelerating your own sale.

Mandatory documentary checklist before looking for a buyer

For the transaction to progress to the notary without interruptions, the property must have the following updated technical and legal file:

• Certificate of habitability:It is a document usually required during the transmission process. It is advisable to verify its validity before starting marketing to avoid incidents in management.
• Energy Efficiency Certificate (CEE):Obtaining it may be mandatory in certain cases of marketing and transmission in accordance with current regulations. It evaluates consumption and emissions, being an increasingly determining factor for buyers.
• Community debt status certificate:Issued by the administration of the property, it guarantees that the property is up to date with payment of community expenses, approved contributions or extraordinary fees.
• Simple note or registry extract:Fundamental to confirm the registered ownership and the existence of possible charges, encumbrances or limitations that may affect the transmission.

The impact of Capital Gains Tax

The profit obtained from the sale of a property is subject to theImpost on Plusvàlues in Patrimonial Transmissions Immobiliàries. It is advisable to have this fiscal impact clear from the beginning to know the real net return of the operation.

This tax applies a regime that takes into account, among other factors, the period of ownership of the property and the regulations in force at the time of the transfer. Given that real estate taxation may undergo legislative changes, it is advisable to carry out an updated tax projection before setting the final sale price.

Warning signs that can complicate the operation

During the verification process, the buying party usually pays special attention to certain elements. Detecting these irregularities early allows you to manage them or adjust the sales strategy:

• Undeclared structural alterations:Modifications in the distribution, closures of terraces or annexation of common areas that do not appear in the approved plans. These situations usually negatively affect the valuation and can lead to significant price renegotiations or even cancellation of the transaction.
• Inconsistencies between cadastre and registration:Differences between the advertised square meters and the official registered area. Transparency when marketing flats or apartments is non-negotiable to avoid mistrust.
• Future spills:Hiding that the building requires structural repair of the façade or replacement of the central heating system is a mistake that destroys the trust necessary to close the transaction.

The next step: Feasibility audit

The next step is a feasibility audit of the property: documentary status, market valuation and marketing plan. Sharing the exact location (for example, if it is an attic inEscaldes-Engordanyor a property in the center ofAndorra la Vella), the year of acquisition and the main characteristics of the property, the equipment of thesales servicestructures the market launch with a well-founded price and without improvisations.

Legal Notice: The tax and real estate regulations applicable to the transfers of real estate in Andorra may be modified. The information contained in this article is for informational purposes only and does not constitute individualized legal, tax or financial advice. Before carrying out any purchase and sale operation, it is recommended to obtain up-to-date professional advice.