Selling your overseas property by owner can be a great way to save money on commission. However, it is important to do your research and understand the process before you get started.
There are a few things you need to do in order to sell your overseas property by owner:
- Decide on a price: The first step is to decide on a price for your property. You will need to research the market to see what similar properties are selling for in the area.
- Get your property ready to sell: Once you have decided on a price, you will need to get your property ready to sell. This includes cleaning the property, making any necessary repairs, and decluttering.
- Market your property: Once your property is ready to sell, you will need to market it. You can do this by listing it on online property portals, such as Rightmove Overseas, Idealista, and eSales International. You can also advertise your property in local newspapers and magazines.
- Show your property to potential buyers: Once you have marketed your property, you will need to show it to potential buyers. This is where you will need to be prepared to answer questions and negotiate on price.
- Complete the sale: Once you have found a buyer for your property, you will need to complete the sale. This involves signing contracts and transferring ownership of the property.
Selling your overseas property by owner can be a lot of work, but it can also be a rewarding experience. By following these steps, you can increase your chances of selling your property quickly and for a good price.
Why is it good to market privately to save thousands in commission?
There are a number of reasons why it is good to market your overseas property privately to save thousands in commission. These include:
- You can save money on commission: When you sell your property through an estate agent, you will typically have to pay a commission of 5% to 10% of the sale price. This can add up to a significant amount of money, especially if you are selling a high-value property.
- You have more control over the sale process: When you sell your property privately, you have more control over the sale process. This means that you can set your own price, choose when to show your property, and negotiate directly with buyers.
- You can sell your property faster: Estate agents typically have a lot of properties on their books, which can mean that your property may not sell as quickly as it would if you marketed it privately. By marketing your property privately, you can reach a wider audience and increase your chances of selling your property quickly.
Top sites to sell overseas property privately
There are a number of websites that allow you to sell your overseas property privately. These include:
- Rightmove Overseas: Rightmove Overseas is a website that lists properties for sale in the UK and overseas.
- Idealista: Idealista is a website that lists properties for sale in Spain.
- eSales International: eSales International is a website that lists properties for sale in Europe and the rest of the world.
- Magnolia Property: Magnolia Property is a website that lists properties for sale in the UK and overseas.
When choosing a website to sell your overseas property privately, it is important to choose a website that is reputable and has a large audience. You should also make sure that the website is easy to use and that it has features that allow you to market your property effectively.
