- Algarve, Portugal
- +351 913 978 711
Want to sell?
Optimizing Your Property Sale: Key Considerations
When it comes to selling your property, understanding your unique priorities is paramount. A personalized and effective service requires clear communication of your expectations. A reputable agent will tailor their approach to marketing and selling your property based on your specific needs.
In a recent survey, sellers identified the following priorities in order of importance:
Finding a buyer for their home
Selling before a specific date
Pricing their property competitively
Receiving expert advice on enhancing their home for the best price
Assistance with paperwork and legalities
Negotiating the best price
Ensuring the best internet coverage of their property
Sole Agency or Multi-Listing? Whether to opt for sole agency or multi-listing is a personal decision. If you choose a reliable agent on an exclusive basis, they should take full responsibility for finding you a buyer. Some properties may benefit from exclusive listings to maintain their perceived value. However, multi-listing is common in Portugal, offering flexibility in the selling approach.
Property Licensing Matters: Transparent communication is crucial, especially if your property is not fully licensed. Inform your agent of any deviations from approved plans or changes made without planning permission. Addressing these issues upfront allows the agent to manage and resolve them proactively, preventing last-minute hurdles during a potential sale.
Navigating Agent Fees: Agent fees vary globally, and in Portugal, they can range from 3% to 10%. Typically, in the Algarve, fees are around 4 or 5% plus 23% VAT, with the seller covering the costs. Ensure that the fees align with the level of marketing provided, and be cautious if they seem unusually high or low. Standard practice is a 50% payment at contract exchange (CPCV), with the remaining 50% upon completion, facilitated through your lawyer.
Essential Documents for Listing:
To initiate the listing process, your agent will need copies of the following documents:
– Up-to-date tax booklet (Caderneta Predial)
– Current land registration certificate (Registo Predial/Certidão Permanente)
– Habitation license (Alvará de Utilização)
– Copies of the last deed (Escritura)
– Passport/ID of the beneficial owner
– Approved plans by the local town council
– Fiscal/VAT number of the beneficial owner
– Energy certificate
– Certificate of incorporation (if the property is held in a company)
Collaborating with your agent and providing these documents promptly ensures a smooth and efficient property sale process.
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