Article written by Engel & Völkers Luxembourg for Paperjam
1. Evaluate your property
Once the decision to sell your property has been made, the steps follow one after the other. To start, it is necessary to determine the value of your property. Of all the activities related to the sale of a property, the valuation is definitely the most important. Even more particularly within a growing but complex market as Luxembourg. Engel & Völkers values your property for free on the basis of its attributes and thorough analysis of trends ixithin the real estate market.
2. Selling at the right time
Spring is definitely the best time to sell your property. Especially for a house with an outdoor space such as a flower garden. Indeed many buyers are looking for a new home to take advantage of it during the summer season. However this trend is known. You will face greater competition. Potential buyers have access to a larger offer and their choice will probably be made on a crush. If you own an exceptional property, don't worry, spring is definitely the most promising time.
3. Refurbish
Whatever the moment chosen to sell your real estate, it is important to present it in its best light. Do not neglect the exterior which remains the first impression of the potential buyer. For the interior enhancement, follow the "3D" rule: Depersonalization, De-cluttering and Decoration. Depersonalization: avoid objects related to your privacy to let visitors project themselves into their future house. Decluttering: store and rearrange to enhance spaces. Decoration: favour a neutral and neat decoration.
4. With or without intermediary
The fact of passing by a real estate agency will allow you to save time, money, and to live the process of sale peacefully. Engel & Völkers develops a tailor-made marketing strategy to market your property under the best possible conditions. Their agents know the Luxembourg market perfectly, from a commercial and legal point of view. By calling upon an international group, you will be able to benefit from an exceptional firts-class network and to access to a wide range of potential buyers from Luxembourg and around the world.
5. Which tax-system
The Grand Duchy's tax system offers many advantages. First, the capital gain on a principal residence is untaxed. Then, the country offers a tax credit on notarial acts up to 20.000€ maximum. Moreover, the property tax is very low or even non-existent for a large number of taxpayers. Finally, certain expenses related to mortgage loans are tax deductible. In short, Luxembourg's legislation encourages players from all over the world to invest in stone!
