Selling a property for the first time can be stressful as the process for someone doing it for the first time can be complex. However, if you take the following steps as a guide, you will be prepared to embark on the exciting journey of making a real estate purchase and sale transaction for the first time.
The first step is to know the value of your house. For this, you can hire an analysis from experts in the field or analyze the real estate market in your area on your own. To do this you will have to compare the prices per square meter of properties similar to yours that are located in your neighborhood.
To sell your house you will have to have all the documentation ready and available. This means that you should not have water and property debts and you should have the deeds and property title on hand. If you have a mortgage loan, it is necessary to know the pending balance to be amortized and verify if there is any penalty for early payment.
Hiring a real estate agent, although it is not mandatory, can be very helpful since with their experience they can help you determine the ideal price to promote your property, determine the appropriate promotion channels (real estate marketplace such as Beleta, social networks, posters, real estate exchanges, among others), advise you in negotiations, recommend specialists in tax and notarial matters.
Once the sale price has been defined, the real estate agent (or you) will have to define the appropriate channels to promote the sale of the property. Nowadays, the most common thing is to list the property on a real estate marketplace, use social networks such as Facebook or Instagram and advertise the property on official channels of real estate agent associations. Those interested will get in touch and seek to schedule an appointment to visit the property.
Since the sale price of the property has been negotiated, a private purchase and sale contract can be signed to give certainty to the transaction and define the times in which the operation would be closed.
Upon signing said contract, the buyer normally makes a security deposit (approximately 10% of the amount that is paid to the final price at closing). Finally, the closing of the transaction is carried out before a notary public where the terms of the transaction are reflected in a public deed and upon signing of said deed the remaining amount of the final price is deposited.
If you want to sell your property, do not hesitate to use Beleta as your real estate marketplace option where you can also find the best real estate agents who can help you in this exciting process.
