Selling a property—whether it’s a house or an apartment—involves various costs. These are often overlooked by sellers, and it’s important to remember that these expenses are the responsibility of the owner. But what exactly are they? L’Agencerie Bordeaux, the real estate specialistreal estate in the Chartrons neighborhood, breaks it down.
REAL ESTATE SALE: WHAT COSTS SHOULD YOU EXPECT?
As the seller, you are responsible for the cost of mandatory inspections, such as the DEP or the report on natural, mining, and technological risks. Other inspections may also be required: asbestos, lead, electrical, on-site sewage systems, Carrez Act floor area measurements for condominiums, etc.
If you took out a mortgage to finance the purchase of the property being sold, you will have to pay an early repayment penalty (IRA). However, you may be exempt from this penalty in certain situations, such as in the event of a job transfer or involuntary termination of employment.
Notary fees may also be the seller’s responsibility, although in most cases the buyer is required to pay them. The term “sale with deed in hand” refers to a situation where the notary fees are included in the sale price.
In certain cases, the seller is also responsible for paying the condominium fees and local taxes.
And if you decide to work with a professional, you should expect to pay real estate agent fees. However, the buyer can purchase the property with “agent fees included.”
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SELLING REAL ESTATE: HOW CAN YOU MAKE IT PROFITABLE?
To successfully sell a house or apartment, it is recommended that you use the services of a professional real estate agent. There are many reasons for this.
A real estate agent will save you time. Showcasing the property, drafting and posting listings on various platforms, responding to calls from prospective buyers, arranging showings, and drafting the preliminary sales agreement… Selling a property requires a great deal of expertise and time. A professional can handle all these tasks for you. They’ll also take care of all the steps and procedures involved in the sale.
By working with a real estate professional, you not only increase your chances of selling, but you can also be sure to sell your property at market value.
Not to mention that, thanks to their expertise and extensive network, real estate agents can precisely target potential buyers for your home. These negotiation experts will also ensure that you get the most out of the sale.
Are you selling a property in Bordeaux? We’ll provide you with an estimate of the price per square meter of your home in the Chartrons neighborhood. Feel free to contact us!
L’Agencerie —
