When it comes to listing your property for sale – there are a few things you the homeowner can do to prepare for viewing and the actual sale.
- Investigate any freehold conditions and highlight to the agent. (i.e. No building on roof or no pets allowed)
- If your property is leasehold – consider buying this out or offer at the time of contract exchange.
- If your property is an inheritance get any wills and affairs in order so there is no delay at the time of searches.
- Get any maintenance jobs done.
- Declutter and remove most of your personal items
- Arrange for children and pets to watched elsewhere while you have a viewing
The selling process
- Research your real estate agent and engage.
- Prepare your property for photographs
- Your buyer chooses the notary public, and typically buyer and seller use the same official.
- Have all documentation ready for the konvenju (promise of sale)
- You will need all documentation relating to your purchase or inheritance of the property, plus i.d/passport
- All parties involved to be present at the konvenju, generally conducted in the notary public’s office.
- Konvenyu signed and notary public begins searches.
- Any deposits from buyer are held in escrow with the notary
- Any conditions of the konvenju from either side are recorded.
- Completion of sale either at notary office or bank head quarters.
- Make sure all utility bills have been finalised.
Seller costs (estimate)
- Capital gains tax on the transfer of immovable property range from 5% – 10%:
- If the property that you are selling is your main residence and you have lived there for at least 3 years then you will have no capital gains tax to pay
- Property that is not your main residence will now attract a final withholding tax (sales tax) of 8%
- Energy Performance Certificate. Now required for all properties for sale or for rent. €150-€300 More details can be found here.
- Estate agent fees: sanmartin.properties = agreed marketing fee + vat will be due on the completion day.
- All outstanding finance attached to the property will be paid from the proceeds.
- Moving day costs, such as removal men.