Property Sale: Costs & Required Documents

Selling a property: All the costs and required documents you need to know

Selling a property requires proper management and a well-defined strategy. Beyond these two essential elements, it also demands a thorough understanding of both the financial and administrative requirements that accompany the process. A property sale is not merely a transaction, but a procedure that calls for precision, organization, and absolute professionalism.

Every step - from issuing certificates to settling even the smallest detail - shapes an experience that should unfold smoothly. To ensure you are fully informed and prepared, we have gathered all the potential costs that may arise during the sale of a property, helping you manage each stage of the process with confidence and clarity.

The importance of accurately calculating property sale expenses for sellers and buyers

Having early knowledge of the expenses arising from the sale or purchase of a property is of crucial importance for both the seller and the buyer. Understanding the financial obligations in advance helps prevent delays, misunderstandings, and unexpected costs.

For the seller, a full understanding of the required documentation and associated expenses allows proper preparation for the transfer process. Similarly, the buyer must factor into their budget all additional charges that accompany the purchase. Accurate financial planning on both sides strengthens trust and ensures a transparent, professional experience for all parties involved.

The expenses that burden the property seller

Before the transfer, the seller must ensure that all obligations related to the legality and overall status of the property have been settled. But what are the total expenses a property seller should take into account?

• Energy Performance Certificate (EPC)

The Energy Performance Certificate is mandatory for every property transfer. It is issued by a certified engineer and classifies the property into an energy category based on its consumption. The EPC is essential, as the sale cannot be completed without it.

• ENFIA tax clearance certificate from the AADE

The seller is required to provide a certificate confirming that all ENFIA property taxes of the past five years have been fully paid. This document is issued through the AADE and verifies the owner’s tax compliance.

• Municipal tax clearance certificate (TAP)

The TAP clearance certificate is necessary for signing the contract. It is issued by the relevant municipality and confirms that all municipal fees, such as cleaning and lighting charges, have been paid.

• Legal fees

Although hiring a lawyer is not mandatory, it can be highly beneficial, as it provides security and legal guidance. The seller may choose to work with a lawyer for legal review and support during the drafting of the contract.

• Engineer’s fees

The issuance of the Electronic Building Identity is required in order to complete the sale. The engineer is responsible for recording all technical details of the property and preparing the necessary file. The cost is typically borne by the seller.

• Real estate agency fees

If the property is sold through a real estate agent, the seller pays a commission. The percentage and terms are defined through a written agreement at the time of assignment.

ow is the total cost of selling a property calculated?

A property transaction requires realism and a well-organized budget. But how can you ensure that all expenses are calculated correctly?

Tips for proper budgeting

• Accurately record all potential expenses - both yours and the buyer’s - so you clearly understand what is expected from each side.

• Work with trusted professionals - real estate agents, notaries, engineers, and lawyers - who can responsibly guide you through every step of the process.

• Request quotes from all professionals before the process begins.

• Take into account the time required for issuing certificates or resolving pending matters.

• Collaborating with an experienced property consultant can make a significant difference, providing you with specialized guidance, access to a reliable network of partners, and personalized support.

Selling a property is a complex process that requires timely preparation and precision. When you are aware in advance of the potential costs involved, you can manage the transaction with confidence and full control.