› Housing issue › Selling an apartment › How to sell an apartment while in another city and without going there?
03/09/2022 507 views
Due to life circumstances, some owners have a problem: how to sell an apartment in another city without going to the location of the property? Today there is a mechanism for distance selling, the possibility of using which is worth thinking about if you want to carry out a transaction at a distance.
What is distance selling?
Remote sales provide ample opportunities for selling housing when the owner is located outside the city, region, or even in another country. Often, such a need to conduct a remote transaction arises when a person moves, has a long business trip or migrates, when property issues have not been completed in full.
Depending on the scope of rights of representatives, it can be:
- one-time;
- special;
- general
The greatest rights are given by a general power of attorney, which allows not only to collect documents and conclude an agreement, but also makes it possible to receive money for the sold property.
Not only a close relative, but also an outsider can act as a representative of the seller.
In real life, sales through a real estate agency are more often used, with the execution of a power of attorney only with the right to collect documents, and property owners give the right of personal signature in exceptional cases.
Issues of authority
Transactions involving the execution of a power of attorney are considered one of the highest risk, and both the seller and the buyer are at great risk of encountering fraudsters. If it is possible to personally be present at the final stage of the transaction, it is better for the apartment owner not to refuse such an opportunity.
The difficulty when being in another city is finding buyers.
The achievements of modern technologies in the form of video communication, the ability to communicate via telephone and social networks significantly simplify the process of reaching agreements, but do not solve the problem of showing real estate to a potential buyer and live communication on the spot.
It is often impossible to get by without going there without intermediaries, so citizens in such a situation are forced to resort to the services of a realtor.
Contacting a real estate agency to organize a sale remotely has the following advantages:
- Thanks to a large customer base, the circle of potential buyers expands;
- The home owner does not need to waste time and effort submitting advertisements and selecting applicants;
- The transaction is completed as quickly as possible;
- Responsibilities for collecting and processing documents fall on the shoulders of the realtor;
- The risk of making typical seller mistakes is minimized.
If it is impossible to personally attend the transaction, you must choose a person who will represent the seller. In this case, a power of attorney is issued indicating all possible powers, from showing the apartment to signing the contract.
What can a power of attorney do?
When registering a power of attorney, the owner must determine the scope of powers that he is willing to grant to his representative.
In practice, the following rights are often granted:
- Collection of the package of documents necessary for the transaction, including certificates from the passport office, Rossreestr and other government bodies;
- Interaction with guardianship authorities and resolving issues of obtaining permission for a transaction, which is required when minors or incapacitated persons participate in the process;
- Closing debt on utility and other types of payments;
- Searching for potential buyers and showing them an apartment;
- Agreeing on the terms of the contract and drawing up the initial version;
- Conclusion on behalf of the seller of the contract and its signing;
- Authority to register a transaction and receive payment;
- Permission or prohibition for the trustee to transfer powers to third parties.
Issues regarding the transfer of funds from the sale of an apartment are resolved between the owner of the property and his authorized representative. Every year, cash payments are used less and less, instead of which preference is given to transferring money to a special account. A significant portion of citizens today resort to using the mechanism of a safe deposit box or “virtual” storage facility in the form of a letter of credit.
Step-by-step instruction
If you are in another city and need to solve the problem of how to sell an apartment remotely, it is important to decide on the main points. You will need to decide who will collect documents, search for a buyer and the main issues of the transaction, what type of power of attorney will be issued. The owner determines the list of delegated powers independently.
The power of attorney can be drawn up and certified in any of the notary offices in the Russian Federation. A sample document can be downloaded here. If the owner of the apartment is abroad, you must personally contact the Russian consulate.
In the power of attorney:
- Title of the document;
- place of compilation;
- data of the principal;
- information about the representative;
- list of rights granted to the authorized person.
The power of attorney can be sent to the city where the residential property is located through friends or by registered mail.
When choosing the first option, it is better to choose a trusted person as a messenger. The second method will require payment for postal services, the cost depends on the region and distance. Today, each registered letter is provided with a special track number, with which senders can track its location.
Citizens have the right to choose the method of submitting documents; the available options include online and through the government services website, subject to identification.
The remote method does not eliminate the need for the seller or his authorized representative to be present at the conclusion of the transaction with the right to sign.
Most often, to transfer packages of documents for registering a transaction, a personal visit to Rosreestr or interaction through the MFC is chosen.
To sell, the representative must prepare the following package of documents:
- power of attorney with the right to sign documents;
- establishing the right to confirm the basis for the emergence of the right of ownership (sale and purchase agreement, donation, inheritance, etc.);
- certificate of ownership;
- an extract from the house register;
- technical and cadastral passports;
- statement of absence of encumbrance or seizure.
After completing the registration of the transaction and receiving a certificate of ownership from Rosreestr, the buyer has the right to begin registration at the place of residence. To do this, you must personally contact the passport office or the address of the local management company and the presence of the former owner is not required.
How to sell an apartment while in another city and without leaving there? Link to main publication
2 ways to sell an apartment if you are in another city
The remote method of selling a property is used only in necessary cases. In this article we will tell you how to sell an apartment while in another city or state.
Distance selling methods
The need to sell an apartment in another city may arise for several reasons. Among them are:
- moving to permanent residence;
- real estate investments;
- receiving an inheritance.
In total, there are 2 options for remote sales: independently or using the services of real estate agencies.
Let's look at the pros and cons of each selling method.
Independent sale
The problem of how to sell an apartment in a city where you are not present seems insoluble at first glance. But there is a way out - entrust the sale to a reliable person whom you completely trust, for example, a relative or friend. He will be responsible for arranging showings of the apartment and negotiating with buyers.
You can advertise remotely: place advertisements in various resources. Describe in detail all the advantages of housing, local infrastructure and location. It is better to advertise with photographs that show the layout and renovation.
To conclude a purchase and sale agreement, you must have a package of title and technical documents. It includes:
- any technical document;
- an extract from the house register or apartment card;
- documents on the basis of which the property was acquired.
It is better to make sure that the documents are collected in advance: you can do this yourself or entrust it to your authorized representative. If the collection of necessary documents and representation of you in any organizations at this stage falls on the shoulders of another person, a notarized power of attorney in the name of this person is required.
The advantages of selling independently include saving on agent commissions. Among the obvious disadvantages are: the difficulty of independently appraising an apartment, the length of the sales process itself, as well as the irresponsibility of the trustee.
Selling an apartment in another city through a realtor
Puzzling over how to sell an apartment while in another city, most turn to the services of professionals - real estate agencies. It is necessary to conclude an agreement with them for the provision of intermediary services, in which all conditions must be specified:
- expense report;
- responsibility for access to the apartment by unauthorized persons;
- responsibility for storing keys;
- verification of the buyer (identity, solvency, etc.);
- checking the purchase and sale agreement before drawing it up, etc.
A power of attorney to collect documents must also be issued in the name of the realtor.
Please note that in both cases (both when selling independently and with the help of real estate agency specialists), you should clearly understand exactly what powers will be delegated to the specified persons.
If the level of trust in them is high, then the power of attorney may include, among other things, the rights of the authorized person to sign a purchase and sale agreement on your behalf and to receive funds after the conclusion of the transaction.
Otherwise, that is, in the absence of the specified powers in the power of attorney, the contract must be signed by the seller personally.
The advantages of intermediary activity include quick sales. Among the disadvantages are the expenses for the realtor's commission, as well as the possible sale of the apartment at a reduced price.
How to remotely provide documents for state registration
All necessary documents must be submitted for state registration of rights to Rosreestr. This can be done by contacting any branch of the MFC, which provides reception on an extraterritorial basis. The applicants must be both parties to the transaction, that is, the seller (or his authorized representative) and the buyer.
In addition, documents can be submitted in the following ways:
- By mail with a declared value, a description of the contents, and a notification of receipt. In this case, the transaction must be notarized, and the signature on the application must also be certified by a notary.
- In electronic form through the Rosreestr website or the Unified Government Services Portal. Electronic documents provided by the applicant must be certified by his/her enhanced qualified electronic signature.
Registration is notified by sending a message to a mobile phone number or email.
How to sell a home if the owner is in another city?
A lot of circumstances of a person and his family can cause the sale of a home that is located in another city. Receiving an apartment as a gift or inheritance, changing a permanent location, or selling a previously completed investment leads to the need to sell remotely.
There are two main options for how to do this: entrust the task to a realtor from a real estate agency, or prepare the transaction yourself with the help of a trusted person. Let's consider all the nuances of each option, as well as possible risks when completing a transaction.
When is a realtor involved in the sale?
Entrusting the registration of the real estate sale process to a specialized specialist eliminates the need to evaluate the property, prepare advertisements and, if necessary, conduct an advertising campaign, collect all extracts and certificates necessary for the transaction.
If you want to find out how to solve your particular problem in 2023, please contact us through the online consultant form or call :
- Moscow: +7 (499) 110-86-72.
- St. Petersburg: +7 (812) 245-61-57.
What documents will be needed for the transaction?
One of the advantages of working with a realtor is minimizing the preparation of documents - a real estate agency specialist is responsible for collecting the main package of papers. All that is required from the owner is:
- conclude an agreement with the agency for the provision of services, where all working conditions will be specified;
- issue a power of attorney for the realtor to perform the tasks of collecting documents;
- provide information on title documents for housing.
The nuances of attracting a realtor
Working with realtors, the owner can come to the conclusion of the transaction - to sign the purchase and sale agreement itself, which significantly simplifies the entire process, since all preparation is supervised by a responsible specialist.
At the same time, special attention should be paid to a number of nuances:
- It is best to look for a realtor among the contacts of relatives, friends and acquaintances;
- It is better to trust large agencies that have been working on the market in a particular city for a long time;
- do not trust actively advertised companies - often such promotions indicate low customer activity;
- When concluding an agreement with an agency, you should document all the important points for the owner, including the rules of responsibility: monitoring the real estate market in the city, agreeing with the owner on the final price of the property with the terms of the auction, reporting expenses, checking a potential buyer, storing and transferring keys to the property and etc.
The advantages of hiring a realtor include::
- minimizing efforts and time spent on preparing the documentary base;
- no need to conduct all processes independently;
- determining the price of an object and preparing advertisements.
Possible risks when interacting with agencies
Despite a number of advantages of involving a third-party specialist in organizing a transaction, the obvious “disadvantages” are the presence of potential risks associated with:
If you want to find out how to solve your particular problem, please contact us through the online consultant form or call :
- Moscow: +7 (499) 110-86-72.
- St. Petersburg: +7 (812) 245-61-57.
- the agency setting a deliberately low price for the housing being sold;
- unscrupulous performance of realtor obligations or lack of professionalism;
- the threat of involving the homeowner in fraudulent schemes.
In addition, you should also take into account the specialist’s remuneration for the work performed - a certain percentage of the property transaction.
Remote sale of an apartment on your own
Organizing the process of selling an apartment remotely is complicated by the emergence of a number of primary tasks - the owner needs to decide who will be physically present instead of him when showing the property to potential buyers, will collect all the necessary papers and, perhaps, even accept an advance payment.
Having decided on a person who can help at all stages of the sale, the owner must issue a general power of attorney for him, indicating an extended list of all necessary powers: from demonstrating the apartment to signing the purchase and sale agreement. The most difficult stage here is the process of collecting documents.
List of documents required to prepare for independent sale
The owner of the property must take care of providing all the documents necessary for the implementation of the transaction:
- copies of civil passport;
- title document for the housing being sold;
- extracts from the house register about the composition of the family living here;
- technical passport for the apartment;
- information from the Unified State Register and utility services about the absence of encumbrances or arrears in payments;
- consent of the wife/husband to sell the apartment if the seller is married.
- a notarized power of attorney for the sale of housing for your representative;
- passport of the authorized representative.
The nuances of self-selling
- When preparing a power of attorney for a third party, the seller must describe in detail all the conditions for the implementation of the transaction, in particular, in matters of transferring funds from the sale: whether the authorized person accepts payment, or whether the money is transferred directly to the owner’s account.
- At the same time, if the apartment is sold through a mortgage, additional consideration should be given to the possible need for a personal stay in the city for 10 days - the period during which the transfer of ownership from the old owner to the new takes place.
- The “advantages” of independent selling include:
- control of all stages of preparation of the sales process, including communication with buyers;
- no need to involve third-party and unverified realtors;
- saving money on real estate agency services.
Risks of independent selling
It is also important to take into account that selling real estate by proxy significantly reduces its attractiveness among potential buyers and at the same time increases the risks for the seller himself.
If the owner has no experience in selling property, the main risk of organizing the process independently is ignorance of the sequence of stages, as well as all the features of the transaction. This also entails secondary risks, including:
- irresponsible performance by the trustee of his powers - the third party cannot be directly interested in the quality of the transaction, like the seller;
- lack of necessary documentation and the need to repeatedly visit certain departments;
- problem buyers;
- the threat of organizing fraudulent activities involving a trusted person.
Organizing and setting up the process of selling an apartment in another city requires thoughtful and balanced actions by the owner in any type of work.
If an independent organization can take a lot of time and effort in collecting documents, then, at first glance, a simplified scheme of interaction with a realtor, in addition to the costs of work, can also bring trouble if amateurs and, in the worst case, scammers get involved in the process.
- Moscow: +7 (499) 110-86-72.
- St. Petersburg: +7 (812) 245-61-57.
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A way to sell an apartment remotely while in another city | About real estate with soul
Today on Habrealty.ru:
how to sell an apartment in another city without leaving - step-by-step instructions with a list of pros and cons. Let's consider options for selling real estate remotely from another city.
Reasons for selling an apartment in another region or city:
- moving for permanent residence to another region
- receiving an inheritance
- real estate investment
When selling an apartment in another city, you have two options:
- sell your home with the help of a realtor
- sell your home yourself
In this case you can:
- issue a power of attorney for sale to the closest relative living in this city
- come only to complete the transaction
Read how to buy an apartment located in another city remotely
Now we will consider in detail each of the methods, nuances, pros and cons.
How to sell an apartment in another city without leaving
Selling real estate in another city by a realtor
Can't sell your property? Read what's stopping you
Why contact a realtor:
- can't find a buyer on time
- make typical seller mistakes
- do not indicate benefits for buyers
- do not know and do not work with the needs of customers
- poorly composed and designed advertisements
- incorrectly organized advertising
- the apartment has not been prepared for sale
- the price is set incorrectly
These and other reasons force the owner to resort to the help of intermediaries.
1. Determine the cost of the apartment
Before visiting real estate agencies, independently study the city’s real estate market: the number of analogues of your apartment sold in the same area, cost, duration of sale, condition.
Find out how to correctly estimate the cost of an apartment
2. Find a realtor:
- use word of mouth (recommendations from acquaintances, friends - not to be confused with friends on social networks)
- major city agencies (but remember that this is not a panacea)
- Be careful with promoted agencies
- check local portals and major real estate sites
- look for personal blogs or realtor sites
Read how to determine the professionalism of a realtor
3. Enter into an agreement
You will still have to enter into an agreement with a realtor if you are selling an apartment in another city, because you need to trust someone to conduct showings.
Be sure to indicate in the contract all the conditions and responsibilities:
- for storage of keys, access of strangers to housing
- buyer verification (what to check)
- approval of the contract before drawing up
- agreeing on the cost of the apartment before submitting it for advertising
- monitoring prices for analogues and the form of its presentation
- written expense report
- etc.
The terms of the contract are discussed over Skype or telephone, and an electronic version is sent to you first. Then you approve it, and they send you two signed copies.
You can sign the contract and send a scan by email so that the realtor can start working while regular mail delivers the paper version back to the agency.
4. Execute a power of attorney to collect documents
In order not to leave until the transaction and not have to collect documents for the sale of an apartment, you issue a power of attorney to collect documents.
The power of attorney is issued by a notary to the realtor whom you choose to sell the property.
The power of attorney can be issued both in your city and in the city where you are selling your home.
At the same time, clearly explain to the notary what rights you are giving with the help of this power of attorney. Please read it carefully before signing. The power of attorney should only contain the right to collect documents!
To purchase an apartment, the buyer must take these documents from the seller!
5. Conclusion of the transaction
After finding a buyer and making an advance payment for the apartment you are selling from another city, you come only to sign the purchase and sale agreement and money.
If the buyers are mortgage holders, which is most likely, then you will have to stay in the city for 10 days while the property rights are registered.
Since only after this you will receive the second part of the payment for the apartment and you will need to write a receipt with your own hand, which will be collected by the mortgager and the bank.
Therefore, you cannot do without a transfer to an account in order not to stay in the city. In addition, you will need to sign an apartment acceptance certificate.
Minuses:
- you may not find a professional realtor
- your apartment may be sold at a reduced price, convincing you that there is no other way
Selling an apartment in another city on your own without leaving
Selling an apartment yourself is less difficult if you are in the same city, but it is a completely different matter if you are not nearby.
You need to resolve several issues:
- who organizes apartment showings;
- who will collect the necessary documents for the sale (if they have not been collected);
- who will accept the advance (deposit) from the buyer.
1. Advertising an apartment
Try to use advertising as efficiently as possible when selling an apartment in another city without leaving. Use large regional portals and newspapers.
Find out where to place an advertisement for the sale of an apartment in another city
Compose your ad wisely. Think about who might be the buyer of your apartment and what benefits you will offer for each category of buyer.
For example, in each ad, list the benefits for young families, mortgage holders, etc.
Learn how to write an ad correctly
2. Collecting documents for selling an apartment
It is important for you to prepare for any buyers. Therefore, at a minimum you need to get:
- technical plan for the apartment (or the production period of the existing one should be no more than 5 years)
- extract from the house register (it indicates that everyone has been checked out of the apartment)
- copies of the Certificate and title documents
- sales certificate (you receive it before entering into a transaction, only the buyer needs it)
3. Power of attorney for a representative
Your relative or friend can perform any actions for collecting documents for you. You just need to write out a power of attorney for him.
And, of course, don’t forget to get consent to help! Well, I won’t explain how to negotiate with a friend or relative! :))
Power of attorney for the sale of an apartment:
- To sell an apartment without leaving your city, you can issue a power of attorney for the sale and receipt of funds from the buyer to a relative or good friend whom you trust. He makes a deal on your behalf and receives money, which he then transfers to you.
- Or you trust only the conclusion of the transaction, and indicate your own account for transferring money.
At the same time, in the power of attorney, clearly indicate the acceptable payment methods, for example, in cash, to an account, by credit, with the exception of non-cash payments, etc.
A power of attorney for sale sharply reduces the number of buyers and increases the risks of selling square meters without you!
4. Transaction
At the transaction, as in the case of a sale through a realtor, it is better for you to be present yourself. You want to get money yourself, right? Then you arrive on the scheduled day and handle the transaction yourself.
To do this, you need to draw up a purchase and sale agreement taking into account your interests.
Minuses:
- By incorrectly pricing the apartment (inflating the price), you will delay the sale
- the trusted person organizes viewings poorly
Today you learned how to sell real estate remotely in another city without leaving your region, with the help of realtors or friends or relatives.
I wish you success!
How to buy an apartment if you are in another city
- [email protected] /Depositphotos
- If you don’t have any opportunity to come and see the apartment even at the final stage, find a realtor or person in the city where the transaction is taking place who will not just represent you, but defend your interests.
- Why are apartments in Russia so expensive?
- Not Moscow at all: about housing and prices in Russian cities
How to choose an apartment from a distance
In addition, it is important to get the clearest possible picture of the object remotely. Most likely, you will choose an apartment based on photographs and short videos, and here your task is to create for yourself the most reliable picture.
Request photographs of the object taken at different times of the day (in daylight and in artificial light).
After they show you general pictures, don’t be lazy to ask for detailed photos of individual elements: meters, pipes, corners; close-up photography of the ceiling and floor, entrance, view from the window.
“Buyers from the regions, as a rule, pay attention mainly to the square footage, and not to the location of the property. That is, as a rule, they prefer to purchase an apartment that is more spacious, but in a more affordable area.
For example, a standard lot in Moscow will look like this: a two-room apartment in a modern building with a floor area of more than 50 square meters.
meters and with a spacious kitchen, but in an area where there are continuous industrial zones, and the transport infrastructure is far from ideal,” says Elena Medvedeva, head of the “On Alekseevskaya” office “Miel - a network of real estate offices.”
Today, thanks to panoramas on Internet maps, you can explore what is located near your home. This will not protect you from all risks, but it will help you form a more or less objective picture.
Thus, it is recommended to look at at least 20 options. Create a table with five parameters that are important to you and fill it out after each review. If you suddenly see an apartment that has the highest score on all five points, then take it - this is very rare.
“If you are moving to a big city, be sure to decide on the location of your home and work. This is very important, since in a metropolis the road takes up a significant part of the day. For St. Petersburg, it is considered normal to get there in an hour and a half.
If you are moving to the Northern capital from a small town, say from Severodvinsk, then such travel time day after day can become a very difficult daily test for you.
If the work is not yet clear, then you need to choose at least a part of the city that you like better: traveling from there will not be so sad, and returning there will be more joyful than to an area that you don’t like at all,” says the vice-president of the Group of Companies “ Arin”, head of the interregional housing program “Moving to St. Petersburg” Nikolai Lavrov.
Virtual reality and buying an apartment
Is it possible to exchange housing between cities?
Expensive doesn't mean perfect
You can also figure out prices remotely. And you already know exactly your maximum budget. But for the same money you can buy housing with completely different characteristics. Moreover, sometimes it may turn out that a cheaper area or house better meets your needs.
“If a student comes to St. Petersburg to enroll, say, at the Polytechnic University, then a studio in the north of the city, in Murin, will be perfect for him. This will be a finished house with finishing. If he plans to enroll in Korabelka, then this is the south and massive development in the area of Marshal Kazakov or at the end of Veterans Avenue. The budget for such a purchase will be 2.5–3 million rubles.
If a young family with a child moves to St. Petersburg, then they need a one- or two-room apartment. These are either Soviet buildings near the metro, or new houses in areas of mass construction. Budget - 3.5–5 million rubles.
If a middle-aged family with two or three children moves, they often consider permanent homes or apartments in satellite cities. These include Lomonosov, Gatchina, Toksovo, Sertolovo.
Budget - up to 5.5 million.
If there is more money to buy, then they go to residential areas: they look for three rubles either in old Soviet houses or in new buildings (here it depends on the budget, but it will fluctuate around 10 million).
- If pensioners move, then, as a rule, they choose one- or two-room comfort-class apartments near parks in the north or south,” Nikolai Lavrov cites as an example.
- How to quickly and profitably sell an apartment in a small town?
- How to get a mortgage in another city and with a gray salary?
How does remote home buying work?
The transaction begins with a reservation (or making a deposit, on average, 50 thousand rubles), then the object is approved by the bank, and the day of the transaction is set.
On this day, you arrive with money or transfer it to a letter of credit account and sign documents. Then you submit the signed package for registration to Rosreestr.
It is important that the seller does not receive money until the transaction is registered and a new entry appears in the Unified State Register.
Today, the system allows you to make interregional transactions without a meeting between the seller and the buyer in the same city at the time of its completion.
“The scheme is this: the client must be approved by the regional office,” says Elena Medvedeva. — Money from this branch will be transferred to the seller of the apartment.
However, in this case, the regional office begins to transfer money not simultaneously with the transfer of rights, but within five days after the transfer of rights occurs.
This happens because the regional office cannot track the registration, so it waits for it to happen in the seller's city and then takes five days to verify and confirm eligibility. Only after this is the money transferred to the seller’s account.
In the case when the transaction takes place in the same bank branch (not remotely), the transfer of funds occurs in parallel with the registration of the transfer of rights, that is, the funds arrive in the account on the same day as the transfer of rights.”
Nikolay Lavrov talks about the practice of his company: “A remote transaction looks like this: you sell an apartment in your city (in a branch of a network bank), and at the same time in St. Petersburg we sign documents with the seller of the apartment you are going to buy in the office of the same bank.
Money is transferred by bank transfer through letter of credit accounts, signatures are digitally certified by the bank and submitted for registration electronically to Rosreestr. That is, people “live” sign a purchase and sale agreement in different cities without time delays, almost simultaneously.
Although usually the client prefers to first calmly sell the home at home, then come and calmly buy in a new place. As a last resort, he issues a power of attorney for the purchase to relatives or other representatives.”
- Do not miss:
- How to buy an apartment under a transfer agreement?
- Is it possible to register housing in Crimea in Moscow?
- How to move from the Far North to Krasnodar?
- How to buy a new building: 23 useful articles
The articles do not constitute legal advice. Any recommendations are the private opinion of the authors and invited experts.
How to sell an apartment while in another city - 2 ways to sell
In modern society, situations often arise when it is necessary to carry out a transaction to sell an apartment remotely.
This may be required if the owner, for any reason, cannot visit government agencies at the location of the property to register the transaction.
This raises the question: is it possible to sell an apartment while in another city , if the seller does not have the opportunity to come to the location of the apartment or is even located abroad.
About how to sell an apartment while in another city and what methods of selling real estate in this case exist - read this article
1. How to sell an apartment in another city and how realistic is it to do it remotely????????
When trying to understand how realistic it is to sell an apartment while in another city, you should turn to legal practice. The topic under consideration is quite extensive.
To sell an apartment while in a city different from the location of the living space, you can use one of 2 options:
- Self-selling is suitable in cases where the owner has a representative. It is he who deals with the main issues of selling the apartment in the absence of the owner. This method is also suitable when all that remains to complete the transaction is to conclude an agreement. In other cases, it is not advisable to use this option, since the apartment must be shown for sale. Naturally, doing this from a distance is not easy.
- Sales with the help of specialized agencies. In this situation, professionals independently perform all the actions necessary to sell an apartment, from looking for a buyer to finalizing the deal. However, it should be borne in mind that the agency receives a percentage of the cost of the apartment for its services. The amount of the commission is established in the agreement between the seller and the intermediary.
Now let's analyze the methods presented above in more detail. Each of them has its own advantages and disadvantages .
1.1. Independent sale of an apartment in another city
To start selling real estate if the owner is in another city, you need to decide who will represent his interests.
The person representing the interests of the seller will have to:
- show real estate to potential buyers;
- carry out other interactions with them;
- prepare a package of documents necessary for submission to Rosreestr for the purpose of re-registration of the apartment, in case of its absence.
At the same time, the owner must understand that the actions described above are associated with important documents and a lot of money. Therefore, he must fully trust the one who will represent his interests. Most often, close relatives act as such people.
The owner can independently advertise the property. To do this, it is necessary to publish advertisements on specialized websites on the Internet, in newspapers, and on local television channels. Such actions can be carried out even when you are far from the place of sale.
It is important to take the publication of such advertisements as seriously as possible:
- It is worth adding only photographs of the apartment of the highest quality. They will help create a real idea for potential buyers about the layout, as well as renovations in the apartment.
- A detailed description of the property, as well as its location, is also of great importance. Ultimately, this will reduce↓ the number of useless contacts.
To sign an agreement fixing the deal, you will need a certain package of documents . It is best to clarify its composition with the government agency where registration will be carried out. At the same time, it is not necessary to visit this organization in advance; it is enough to study its website.
Experts recommend preparing documents in advance. If you don't do this, there is a risk that the business will fail. If any document is missing, not all buyers will agree to wait until it is prepared.
It is important to remember: to conclude a real estate transaction without the presence of the owner, it is mandatory to issue an appropriate power of attorney . In this case, the choice of a trusted person is of great importance.
In any case, the best solution would be the owner’s personal presence at the transaction. But an article of the Civil Code of the Russian Federation allows you to issue a power of attorney only for signing an agreement. In this case, the representative does not receive funds for the sold apartment; they are transferred directly to the owner’s account.
The advantage of selling independently is the savings in money, which is generated due to the absence of the need to pay for agency services.
The main disadvantage is the difficulty of choosing a trustee who will act solely in the interests of the property seller. In addition, in this case you will have to spend much more time concluding a deal.
⚡ If you have the opportunity to sell your property in person, we recommend reading this article, where we described in great detail how to sell an apartment quickly and profitably.
1.2. Contacting a specialized agency
Most often, in order to sell an apartment when the owner is in another city, sellers resort to using the services of specialized agencies.
There are a number of advantages of this approach, which consist in the agency providing the following services:
- quick search for buyers within a predetermined time frame;
- assistance in determining the adequate value of real estate, comparable to objects located in the immediate vicinity of the apartment being sold;
- advertising of the property for sale is organized without the participation of the owner, thereby reducing the sales time;
- preparation of documents necessary for execution of the contract;
- organizing viewing of the apartment by potential buyers;
- preparing real estate for sale;
- independently conducting a transaction for the sale of an apartment.
To make selling an apartment through an agency as effective as possible, experts recommend adhering to the algorithm presented below.
Stage 1. Studying the cost of similar apartments
On the one hand, a serious agency helps set an adequate price for the apartment being sold.
On the other hand, unscrupulous agents can deliberately underestimate the cost of real estate in order to speed up the process of its sale. Independent study of prices on the market helps to avoid such deception.
Stage 2. Selecting an agency
The speed of selling an apartment, its cost, and the proper execution of the transaction depend on the correct choice of agency. Therefore, this stage should be given the closest attention.
In this case, experts recommend either choosing the most famous company, or using the advice of friends. It would also be a good idea to carefully study reviews about the agency on the Internet.
Stage 3. Conclusion of an agreement
Before signing the contract, you should read it carefully. In this case, the greatest attention should be paid to the following fundamental points:
- who will have the keys to the apartment;
- who will be involved in showing the property to potential buyers;
- how the cost is agreed upon;
- how the future buyer is checked;
- in what form is a report on the funds spent?
By interacting with the chosen agency, the apartment owner can send him all the necessary documents by mail. However, in order to speed up the transfer of information, signed copies can be sent electronically in advance. The originals are also sent by mail or courier, but the agency will be able to act without waiting for them.
It should be understood that the seller may grant the selected agency the right to independently collect the necessary documents. To do this, the property owner, together with the realtor, should go to a notary and draw up a power of attorney .
However, before you sign the document, it is important to check it to ensure that it does not provide the realtor with unnecessary rights.
When the preparatory procedures are completed, the agency will begin searching for a buyer. Once it is found, the seller will only have to sign the contract and receive the money.
Despite the convenience of selling an apartment through an agency, this method also has disadvantages:
- One of the main problems is that such companies often underestimate the cost of housing in order to speed up its sale.
- If you make the wrong choice, you may encounter incompetent employees who will not be able to carry out the transaction competently.
Thus, selling an apartment while being far from it is quite possible. To do this, just compare the presented methods and choose the best one for yourself. To simplify the comparison procedure for our readers, the main features of the considered methods are presented in the table below.
Table: “Advantages and disadvantages of selling an apartment while in another city” (on your own and with the help of an agency).
Sales method | Peculiarities | Advantages | Flaws |
Independent sale | It is necessary to choose a person who will represent the interests of the owner | Saving money | It may be difficult to choose a reliable representative The sales process may take a long time |
Selling through an agency | You need to choose a reliable agency | All actions related to the sale of an apartment are carried out by the agency | Possibility of the agency underestimating the value of real estate for the purpose of quick sale Risk of encountering incompetent employees |
We hope that the Richpro.ru magazine was able to give you all the answers to your questions. We wish you good luck and success in all your endeavors!
Selling an apartment remotely
The remote method of selling residential property involves the sale of housing, the owner of which is located outside the city (or even the country) where the property is directly located.
In accordance with the law, the seller can carry out a transaction either independently or by involving third parties, for example, a real estate agency, other intermediaries, or by issuing a power of attorney, entrusting the transaction to a third party.
Required documents
The procedure for a transaction carried out remotely is somewhat more complex than the direct sale of a property. To conclude it, it is necessary to fully prepare a package of documents that are mandatory:
- documents establishing the seller’s right to own the property being sold;
- an extract or certificate based on the house register, which indicates the actual number of registered and living persons in the housing to be sold at the time of the transaction;
- act of acceptance and transfer, according to which the alienated residential property is transferred to the buyer (sale is also acceptable in the absence of the above act, however, in this case it is necessary to include in the contract a clause stating that the property was transferred into full possession of the buyer at the time of signing or it will be transferred immediately after payment);
- passports confirming the identities of the parties involved in the transaction;
- a receipt or other payment order confirming payment of the state fee for registering the transaction;
- three samples of a purchase and sale agreement completed in accordance with the agreement of the parties, drawn up in accordance with the accepted sample and, at the request of the parties, certified by a notary;
- if housing is sold with the direct participation of a third party, it is necessary to have a general power of attorney granting the owner of the property the rights to carry out the transaction and representation in state registration authorities.
Stages of completing a transaction
The procedure for the sale of residential property by an owner located in another territorial district is a rather complex process, for the implementation of which it is necessary to determine the method of selling the property: independently, or with the participation of third parties. The direct procedure for concluding a purchase and sale agreement is standardized and does not provide for any additional nuances.
Independent sale
To independently sell a residential property remotely, the property owner must agree on all the details of the transaction remotely:
- negotiate with the buyer about the sale of the property;
- show the premises for sale;
- specify the required points.
The best option in this case is to involve relatives or other persons. For final registration of the transfer of rights under the transaction, you will need to come to the registration authority yourself to submit documents.
Sales involving third parties without personal appearance
If the seller does not have the physical ability to be present at the registration authority on his own, he may transfer this right to another person. To do this, you need to contact a notary office to draw up and sign a power of attorney.
In accordance with this document, a third party has the right not only to carry out a transaction without the participation of the owner, but also, if such powers are reflected in the power of attorney, to represent his interests in court, as well as other government agencies on all issues related to the sale of housing.
About the procedure for concluding an agreement
The procedure for the remote sale of a residential property implies the mandatory appearance of both the buyer and the seller, or other persons representing his interests, whose powers are confirmed by a notarized power of attorney, to the registration authority for the transfer and legalization of the purchase and sale agreement for a residential property.
After agreeing on all the nuances, the buyer and the person representing the interests of the seller come to the registration authority and submit all the documents listed above to formalize the transaction. In case of successful registration of the transaction, the seller receives a certificate of state registration of ownership rights based on the results of the purchase and sale transaction.
The material was prepared by the editors of the site pravila-deneg.ru