There are seven expenses to be aware of when selling a Croatian home.
When selling a home, profit is one of the primary objectives. However, you should be informed of the fees associated with selling a property before making a final decision. Is selling a home in Croatia expensive? You should be aware of these fees.
- Closing fees incurred by the seller
Administrative costs, such as those incurred by sellers, are common.
If you sign more than one contract, you’ll have to pay a public notary (Javni biljenik) cost.
Expenses incurred by lawyers (if you need to work with one)
- Fees paid to real estate agents
Real estate commissions are paid by the seller when using an agency to sell your home. Taxes are paid upon closing and are usually between two and three percent of the sale price of the property plus VAT (which in Croatia is 25 percent).
- Tax ramifications
If you plan to sell your home within three years of the date you purchased it and earn a profit, you will be required to pay tax on the difference between the purchase price of the home and the final sale price. That tax is a quarter of a percentage point.
If any of the following applies to you:
- You and your family lived in the house you’re selling before it was put on the market.
- For couples and first-degree relatives or other members of a small family who are sharing ownership of a home
- The transfer of ownership between divorcing spouses, if the transfer is directly connected to the divorce proceedings.
- In the event that the property was passed down through the generations
- Certificates of energy efficiency for the building
You can’t rent or sell a house in Croatia without a certificate of energy efficiency. Make sure to check whether your property does have one. Building energy certificates are good for a period of ten years from the date of issuance. Depending on the size of your house, you may expect to pay a variety of prices to having one installed. Apartments might cost anything from 1,200 to 3,500 kuna, but mansions can cost up to twice as much.
- Repairs to the property
If you want to sell your house quickly, you need to make sure that potential buyers aren’t put off by squeaky doors or other signs of wear and tear. If you’re looking to get the most out of your investment, you’ll want to make sure your house is free of chips, dents, and scrapes, and that all of its systems and appliances are running properly.
- Improvements to the home
Fresh paint and new cabinet hardware are the finest ways to get the most out of your home remodelling investment. If you’re going to spend a lot of money on a major renovation like a kitchen remodel, you’re going to lose money in the long run. Minor improvements that might help your property sell faster can be learned from your real estate agent.
Cleaning and staging a property
In order to attract purchasers, a property needs to be cleaned up and staged. Both of these things can be done on your own, but it will require a lot of time and work.
On average, depending on the size of your property, a deep clean with professional cleaners will cost between €200 and €300. Setting up your home for sale by staging it to make it more appealing to potential buyers might cost a lot of money.
Our team of experts can help you sell your property in Croatia fast online, whether it’s your first time doing so or you’ve previously sold one or more homes. Every day, we work hard to ensure that all of our customers receive service that is welcoming, professional, and open.