Published on : 13 May 20203 min reading time
Because each home is unique, there are many ways, more or less traditional, to sell your property. Here’s an overview.
When you put your property up for sale, there are several ways to find a buyer. In most cases, the sale is carried out through an estate agency. In addition to this classic method, there are less well-known ways to sell a property, such as life annuities, exchange of goods or auctions. Presentation of these different methods and their advantages and disadvantages.
Between individuals or via an agency: traditional methods
Each year, sales between individuals account for one third of real estate transactions. To do so, it is possible to use one’s network of acquaintances or, more commonly, to publish classified ads on specialized websites. The disadvantage of selling between individuals? You will have to carry out all the tasks usually assigned to the real estate agent in charge of the sale. Estimating the property, carrying out the DPE, drawing up the preliminary sales agreement… are all technical tasks that you will be responsible for.
Entrusting the sale to an estate agent is also a very common solution. This professional will take care of all the administrative formalities for you and will do everything possible to get you the best price for your property. However, going through a real estate agency has a major drawback: its cost. Indeed, it can represent between 1 and 10% of the total selling price.
Original solutions to sell
Nevertheless, you should know that as owners you have other solutions, which we can call alternatives, to sell your property.
The fastest and safest solution is the auction. To do this, you will have to go through a notary and accept that the person offering the best price will get the property, even if it is below the market price.
Life sales also have their advantages and disadvantages. In this way, the seller obtains a starting sum (called the bouquet) as well as a regular income (called the life annuity) until his death.
The exchange of goods is a very simple selling technique, but it is not well known. It consists of exchanging one home for another. Of course, both parties must agree to the transaction. In this case, it will be enough to sign a contract of exchange in front of a notary. Note that if the two homes are of equal value, the costs will be divided equally. However, a balance will have to be paid as compensation if one unit is more expensive than the other.
What solution should you choose to sell your home?
Faced with the multitude of techniques for selling a property, it is essential to choose the one that best meets your expectations. Selling at the best price between individuals, selling easily with an agent, selling quickly at auction… it’s up to you to choose the solution that suits you best.
How to sell your property with a professional?