Guide: selling your property
Greater Geneva & Pays de Gex

Selling your home is an important step in your life, which is why our experts offer you this little memento, in order to understand the steps that punctuate the purchase of a house or apartment.
 

Valuation & signature of the mandate

Before any sale, it is necessary to have your property valued to set the sale price. It is determined on the basis of similar properties sold in the area. This estimate leads to the signing of the sales mandate, which is a contract that authorises the real estate agency to sell the property.

The owner can choose an exclusive mandate or a simple mandate : the latter allows the owner to entrust his property to several agencies, unlike the exclusive mandate which assumes that the property will be given exclusively to an agency. Granting exclusivity to an agency allows you to have a single interlocutor who will be able to enhance the property and quickly find candidates for purchase.

To put his property up for sale, an owner must provide various diagnoses to the potential buyer, some of which are mandatory. They inform the latter of the condition of the property (energy consumption, state of natural and technological risks, etc.). Most of these diagnoses must be carried out by a certified diagnostic professional.

Signing the preliminary contract

Once a potential buyer has formulated a desire to buy, both parties must sign a preliminary contract which can be:
A promise to sell.
It means that the owner commits to the potential buyer to sell him his property, thus giving him exclusivity for a defined time. In return, the potential buyer pays 10% of the sale amount, which will be deducted from the final sale price if it takes place. Otherwise, the owner will keep this amount as a sign of compensation.
A sales agreement
Both parties agree to close the sale. If one renounces it, the other can force it by justice. The signing of the preliminary agreement is accompanied by the payment of a sum of 5% to 10% of the sale price by the future buyer, as a security deposit.
PS: On average, it takes three months between the signing of the preliminary contract and the final sale. This period allows both parties to carry out administrative tasks, such as settling the loan authorization, for example.
The final deed of sale
Signed in front of the notary, the deed of sale concludes the purchase process, by handing over the keys against full payment. This deed definitively transmits the property rights between the old and the new owner of the property. Do not hesitate to contact a real estate agency that will be able to advise and guide you in all your real estate procedures.
Do you want to sell?
Estimate the value of your property
Whether it is for the sale of an apartment, a house or a building plot , knowing the right price for your property is the first step towards a successful project. At Imogroup Grand Genève, we support you with method, transparency and expertise to estimate your property as close as possible to the reality of the real estate market.
 
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