Selling your property can be a great challenge, in this guide we tell you everything you need to know from when the property is for sale until the purchase is made.
Direct sale without intermediary
Making a direct sale without the use of real estate agencies represents an investment of time and money, of course, and at the same time it can be a saving. To make this decision we give you some practical advice.
The first thing is to have all the papers in order, reviewed by a lawyer who is well-versed in the matter, this to avoid the effort of offering a property with legal problems, taxes, etc.
You will need to obtain a value of your property according to market prices, to make a coherent offer.
Have the time and availability to personally attend to the interested parties and, by the way, have some capacity in sales and adequate customer service.
Have a memory aid of all the property data, such as surface area, year of construction, materials, services available, benefits near the property, supermarkets, schools, hospitals, main avenues and access roads, etc.
Publish your property on the platform, using price packages according to your criteria.
And finally, have patience and perseverance in your notices to obtain positive results.
Choice of real estate and valuation
In order to carry out the sale of the property, having a real estate agency can benefit the operation from many aspects: knowledge, trained personnel, speeding up the sale, contacts, security and trust.
The real estate company is in charge of carrying out the sale process from the valuation of the property to the closing of the sale.
The appraisal report is carried out with the aim of establishing the price of a property based on certain previously established criteria that are weighted as considered by the professional.
The process consists of comparing attributes such as location, age, environments, luminosity, functionality, among other aspects, with those of other properties that have the same qualities.
The offer
The real estate company manages the visits to the property and manages the offers received that reflect the will to buy, which the seller can accept or reject. This is an amount of money that is offered to close the sale transaction.
The offer reflects the willingness to buy, which the seller can accept or reject. If accepted, the property must be removed from the sale to continue with the procedures corresponding to the purchase.
Standard disclosure form
Necessary information that you must have to provide to the real estate agency
The existence of any actual or potential legal claim or complaint affecting the property,
If disputes have arisen over property lines,
The existence of environmental hazards such as asbestos, lead, mold, defective drywall (a common problem in Florida) and others affecting the property,
If the property contains any past or present sinkholes (another recurring problem in Florida),
The existence of any type of infestation or damage caused by wood-destroying organisms, such as termites, fungi, etc., and
The existence of problems that affect any structural or essential component of the house, which includes the roof, plumbing, electrical wiring, major appliances, air conditioning, etc.
The signing of the Bill of Sale
Once both parties agree to continue with the operation, the Bill of Sale is signed. It is a document that reflects bilaterally, the seller's commitment to sell and you, to make the purchase, that is, to proceed to the Public Deed. In addition, according to the agreement of the parties, a considerable percentage of the total value of the property can be advanced.
The document establishes the price and method of payment, the date or term of the Public Deed, if it will be with a credit or with own resources, the Electronic Record of the property, personal data, obligations of the parties and cancellation effects. This document must have the authorization of a collegiate lawyer.
Keep in mind that between the signing of the Bill of Sale and the Public Deed there must be an agreed term if it is in cash and that, if the sale transaction is carried out with the intervention of a financial institution, there are additional terms for the study of titles , appraisal, disbursement contract and Public Deed.
The pay
It can be done with a mortgage disbursement or own resources, within the term agreed between the parties, and with its entirety, the real and effective delivery of the property is established. The division of expenses can be agreed, but, according to uses and customs, the expenses that you must face as a buyer of a property are:
Taxes.
Real estate fees, between 3% and 5% of the sale price.
Notary and Registry Expenses.
The agreed price of the transfer of the Real Estate.
The receipts for Maintenance, electricity, water, additional services and any receipt after the transfer of the real estate.
QUESTIONS AND CONTACT INFORMATION
If you want to get information, please write us: info@latin-emarket.com or by mail at BIENES RAICES BOLIVIA.
BIENES RAICES BOLIVIA