Whatever the reason for selling, when you do decide to sell your property in Gibraltar, Habikons will make the process easier. This guide will provide useful information on some of the most asked questions:
Many people need to sell their property quickly and ask, “How to sell my property quick?” We can advise of the best methods and tricks to ensure your property stands out, providing a rapid sale.
How can I sell my property online? With the number of people online using technology to find and purchase homes, you need to focus on how to sell your property online with a reputable search engine optimised estate agent.
By doing so, you ensure buyers across the globe discover your property, with eyecatching photographs and pleasing descriptions.
The best way to sell my property in Gibraltar and to ensure a smooth and straightforward sale process is to establish an accurate market value and set a selling price attractive to buyers.
Secondly, get your house ready for sale by making sure your property looks at its absolute best.
How do I sell my property myself? The selling procedure involves several complicated issues, and professional help will provide the ultimate selling experience, guiding the seller through the process, ensuring the seller remains totally protected from any hidden legalities or comebacks.
It is important to understand how to market my property for sale and how to sell my land, property and promote these efficiently. Advertising your property with a reputable local agent with an upmarket office, who utilises mainstream marketing portals, prominent press advertising and popular property publications, are all essentials for promoting your property to the correct targeted audience.
Step 1. How much to sell my property in Gibraltar?
To value my property, real estate agents look at other similar properties for sale nearby and compare them with your property size, quality and location for example. The value of property estimate will depend upon you and your buyer’s expectations, and your reputable estate agent, such as Habikons, will advise you. We often hear the question “how can I value my property?” from sellers, and the answer is to obtain advice and guidance on realistic pricing with an expert appraisal.
Step 2. How to select a real estate agent to sell your home?
If you want to sell your property quickly, it is essential to select a real estate agent with in-depth knowledge of the property market in Gibraltar.
If you are wondering how to value my property, real estate agents can certainly help with providing an accurate appraisal, so choose an agent who knows the local property market well.
Pick a real estate agent that offers a multi-disciplinary, holistic service, who understand the local value of property, an estimate based on knowledge is so important.
Choosing a reputable real estate agent such as Habikons will take extra good care of the legal as well as the real estate aspects of selling properties in Gibraltar. You can have complete faith that your key consideration of “how can I value my property?” has been professional addressed.
Step 3. How to prepare my home for sale?
When preparing your property for sale, to make your property stand out from others ask yourself two key things:
- What should I do to prepare my home to sell?
- How should I prepare my house to sell quickly?
If you consider these questions, you are halfway to selling your house, as these are important aspects of attracting a buyer.
The best strategy is to take care of all those neglected maintenance issues now to attract potential buyers. Improve the look of your home with a fresh coat of paint throughout, replace outdated fixtures, declutter, and increase curb appeal.
Fresh plants and smart furniture on the terrace, sparkling clean bathrooms, and modern decoration will enhance photos and persuade browsing buyers that they can move straight into an immaculate property.
Step 4. Find a buyer for my property
The most common questions we are asked are “how to find a buyer for my property?” or that someone urgently “need a buyer for my property”.
Whatever the reason for choosing to sell a property in Gibraltar, viewings are the key to a quick sale. Once a seller has prepared the property and determined the right price to attract buyers, Habikons job is to line up the viewings utilising our vast client database to generate interest in your property.
A reputable estate agent will go the extra mile to arrange a visit from a potential buyer, with carefully chosen and pre-checked visitors to your property, ensuring no time wasters and provide prompt feedback on all viewings.
Step 5. Receive an offer for your property
You may be surprised when you receive your first offer to buy property owned by you, and it is crucial if the offer is not what you expected, not to take it personally.
A low offer may come as a disappointment, but there are certain things you can do to maximise your options and understand the property offer conditions.
Reach out to your real estate agent and talk about the options available on the proposed offer for the property to strike a balance and remain flexible depending on the circumstances.
Generally, properties do not go for the asking price and offers revolve around the market. A buyer, by nature, will make an initial offer to purchase a property. Talk through the offer to purchase the property with your agent, and pretty soon, you will have that all-important property offer letter!
Step 6. Accept an offer for your property
When you are completely satisfied with the offer, you should receive a formal property offer letter. This letter will confirm the offer and open the relationship between you, the seller and the serious buyer who is committed to buying your property.
A further commitment from the buyer is a deposit; typically, this will be 2% of the asking price. Once paid, the agent draws up a document known as the memorandum of sale. This memorandum details the names of the parties and the property involved, including contact details. The memorandum of sale, sent to each side’s lawyers and conveyancers, specifies the offer, the deposit and general information about the property sale.
Step 7. Completion of sale
How long does the purchase process take? Provided the usual procedure goes to plan, and all relevant parties perform their duties, the completion of property sale can be as little as two weeks.
Once all the conditions are met and the final paperwork signed concerning the sale, then you will receive the completion statement for sale of property. A completion statement is a legal document drawn up by the lawyers acting for both sides, and details all the necessary information, from the purchase price to the transfer of ownership (and property keys) to the buyer.
What is our property fees for selling properties in Gibraltar? If you sell your property exclusively through Habikons, we charge a fee of 1.5%. Where you use our services and that of another agent or multiple agents, our fee is 2% paid on completion of the house sale.
If you are wondering what happens on completion of the property sale, we will advise you of all the transaction details including the balance of the sale, less any deposit, and when the funds transfer to your bank account will be completed.