Selling real estate in Luxembourg: how to proceed?
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Rudolphe ABEN
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Selling a property is a complex process and it is important to understand the different steps to ensure everything runs smoothly and efficiently. In Luxembourg, there are generally 8 key steps to follow when selling a property.
- Set the sale price: The sale price is a crucial factor in the success of the sale. It is important to set a reasonable price based on the market value of the property, its location and its features.
- Prepare the property: Before putting the property up for sale, it is important to clean, refurbish and present it. This may include minor repairs, painting and exterior improvements.
- Take care of the documentation: It is important to check that all documents relating to the property are in order and up to date, such as the title and deeds.
- Listing the property: Once the property is ready, it is time to list it for sale. This can be done by working with an estate agent or by listing it on online platforms.
- Manage showings: Showings are a key moment in the selling process. It is important to be present at viewings to answer potential buyers' questions and highlight the property's features.
- Negotiate the price: If potential buyers are interested, it is time to negotiate the price. This may include discussions about price and terms of sale.
- Finalise the sale: Once the terms have been agreed, it is time to complete the sale. This may involve signing a contract of sale and paying the deposit.
- Finalise the sale: The final step is to complete the sale by handing over the keys to the new owner and tying up any financial loose ends.
By following these 8 key steps, you can sell your Luxembourg property in an efficient and stress-free manner. It is important to work with qualified professionals to ensure that you follow the correct procedures and minimise the risks.