Selling a property in Montenegro? Multiple real estate agents can be contacted simultaneously to list the property in Montenegro. There are a number of viable options in Montenegro, but narrowing it down to just two or three reputable firms with a foothold in both domestic and international markets is recommended.
You’ll need to provide the following to an agent in order to list your property:
- Documentation establishing your right to the property. It is usually sufficient to simply transmit the land registry registration number (list nepokretnosti number) and the name of the Cadastar Municipality in order to access the land registry data online (KO).
If you’re unable to be physically present in Montenegro during the photography and subsequent showings, please provide the name and contact information of the person who can represent you. You also have the option of leaving the key(s) with the representative.
- The Agreement with the Broker has been Signed.
To sell land, you must provide the document from the planning department that specifies what kinds of structures can be built on the land (UT Conditions).
Make sure that all necessary paperwork is in order; if there is a problem, it’s best to resolve it before putting the property up for sale.
The agent will recommend a listing price for your home that is competitive with similar properties that have recently sold in the neighborhood.
Preparing the property for photographs and for visitors is an effective way to increase interest in the listing and ultimately the number of viewings. To get the most money out of a potential buyer, you can do a few simple things that won’t break the bank but will make your home look more appealing.
You can start by following these easy steps:
- The majority of your personal belongings should be removed (clothes, displayed photos etc.) although it is essential to keep the odd thing (e.g. one coat hanging up, one photo frame on a shelf so that it looks lived in and not sterile)
- Warm up a chilly space by adding a rug to the floor, a throw to the bed or sofa, and curtains or blinds to the windows.
- Put the beds in their proper places as if you were about to have guests over
- Plug-in air fresheners, which are preferable when the house is unoccupied, can do wonders, especially for older homes.
- Placing place settings on tables in brochure and website photography gives the impression that the space has been lived in and is well-loved (even at the most basic level, with a couple of wine glasses and some olives)
- Place bright, new things (a bowl of fruit, a vase of flowers, etc.) to give the impression of vitality and rejuvenation.
- Arrange furniture (sun loungers, chairs, a table, etc.) by the pool.
- You want potential buyers to imagine themselves in the home, to have the impression that they could settle in right away without sacrificing their current standard of living.
- Taking the time to clean and organise your yard is money well spent. Your courtyard is the first impression that customers will have of your business.
- Once you find a buyer for your home, you must settle and pay all outstanding bills for water, electricity, trash removal, and the annual property and tourist tax prior to appointing a notary and signing the sales Contract.
- We recommend the sellers retain legal counsel if they will be unable to be physically present at the notary signing. First, you can close the deal without even setting foot in Montenegro; all your lawyer needs is a Power of Attorney notarized in your home country, and from there, he or she can handle everything from reviewing the contract to gathering the necessary paperwork to closing the deal and paying any associated bills. The limited power of attorney only applies to one property.
- If one of you is married but unable to be present at the signing, you must have your spouse’s notarized consent in order to sell the property even if it is only in one of your names.
The selling price of the property, including:
Agent’s commission,
- Costs associated with hiring an attorney,
If both the seller and the buyer speak the same language, the cost of having the Contract interpreted is usually split evenly.
Unless otherwise specified, the buyer is responsible for all additional costs, including the notary fee, purchase tax, and legal fees. If you are reselling the property, the lawyer for the buyer may ask to see the original purchase contract.
In the Contract, the purchase price is always stated in Euros. You should open a foreign bank account and employ the services of a currency broker who can get you a better exchange rate if the purchase price is being paid in a currency other than your own.
Please verify, for the benefit of the buyer, what fees your bank will assess for depositing funds into your account. If you want more information about buying a house in Montenegro. Contact us if you need help or advice to sell property in Montenegro
