Welcome to the step-by-step guide to selling your house! Got your sneakers on? Good, because this journey can be long and bumpy, but always full of excitement.
More tips on preparing your house to sell? Click here!
Step two: choose an experienced and reliable real estate agent to help you sell your house. This is a smart decision that can make all the difference between a house that can't be sold and a house that... is already sold! And that's because if you have a real estate agent by your side throughout the selling process, you always have expert, personalized guidance, whether you're selling a house or buying the house of your dreams.
How to choose a real estate agency?
Choosing the right real estate agency is crucial to selling your house quickly and for the best possible price. But to do so, you must:
Hiring a real estate agency on an exclusive basis? Find out if it's worth it!
Step three: delegate. Because you can benefit from your real estate agent's know-how to sell a house quickly and well, without wasting time or energy!
In fact, even if you're willing to look at online listings for houses with similar interior space and amenities to your own, you don't have the knowledge or time to research and compare values, and find out about real estate market trends, for example.
More importantly, real estate agents themselves, equipped with the most up-to-date knowledge about the local market, can give you a long-term overview of current and historical conditions, and an expert insight into what clients are looking for.
Here's a list of the main steps to selling your home with the help of a real estate agency!
The fourth step to selling a house: ask your real estate agency to help you determine the market value of your property through an appraisal that takes into account factors such as location, size, state of repair, special features and current market trends.
The real estate agency will also compare prices with similar properties in your area. In this way, they can give you a competitive and realistic price.
Step five: set the selling price of the property, using the expertise of the real estate agency. Preferably a competitive and realistic price that suits you and the potential future owner.
In this chapter, in addition to the property valuation, your real estate agent will take into account the current demand for properties in the region and the available supply. If there is a lot of demand and few similar properties, you can sell the house at a higher price, for example.
The conditions of the local real estate market also come into this equation for selling a house, since in a rising market, property prices can be higher, for example.
Finally, the sale price is set with some room for negotiation, as potential clients generally make offers below the established value.
The sixth step to selling a house: create an attractive advertisement that includes...
Identification of the seller(s)
Citizen Card or Identity Card and Taxpayer Number. If the seller is a company, it is necessary to present the Commercial Registration Certificate.
Permanent Land Registry Certificate
Document issued by the Land Registry Office, which certifies all the owner's information and details all the property's characteristics.
“Caderneta Predial”
Document issued by the tax office in the area where the property is located, which shows the tax and registration status of the property, as well as other relevant information such as location, description, identification of the owners and the property value of the house.
Use License
Document issued by the local council in the area where the property is located, describing the type of use for which the property is intended: residential or non-residential.
Property plan
Document issued by the town hall in the area where the property is located, which allows you to see all the areas of the dwelling in detail.
Energy Certificate
A document issued by a technician authorized by the Portuguese Energy Agency (ADENE) which certifies the energy class of a property, on a scale from A+ (very efficient) to F (not very efficient).
Click here to read all about Energy Certificate Guide in Portugal.
Promissory Contract of Sale
A document signed by the party promising to sell (promissory-seller) and the party promising to buy (promissory-buyer), in which both parties undertake to enter into a definitive contract, at a future date, which closes the deal (deed).
Deed of Purchase and Sale
A document issued by the respective notary's office certifying a contract made in the presence of two witnesses, which is necessary to sell a house.
As you can see, in order to sell a house you need to gather together a set of documents that must be prepared in advance so that the whole real estate transaction process runs smoothly and without any hitches!
And if unforeseen circumstances arise, don't worry because your real estate agent will be able to deal with them quickly. That's why the presence of a real estate consultant is essential in this stage of selling a house, which is extremely complex and bureaucratic and can jeopardize the property transaction if not handled with due attention.
Eighth step to selling your home: even if you've made the basic repairs to improve your home before putting it up for sale, it's a good idea to discuss other repairs and improvements with your real estate advisor because an experienced specialist can guide you to get a better return on your investment.
Bear in mind that renovations to second-hand homes can be an effective strategy for increasing the value of the property and attracting more people. For example:
9 - Prepare your house for visitors
Ninth step: prepare your house - in a neutral and welcoming way - to receive visits from potential buyers by following these simple tips:
Step ten: open a bottle of champagne to celebrate! Selling your house is a significant milestone that deserves to be celebrated.
After a long process of planning, preparation and negotiation, you've finally completed your real estate adventure! Treasure all the memories and moments shared with your real estate agent, but close this chapter of "selling a house" by taking another step: towards buying the house of your dreams!
A new adventure, but with the real estate agency you've always had at your back to ensure another celebration soon.
Did you like these tips for selling a house? Read also our step-by-step guide to buying a house in the Algarve.