Just like buying it, selling your property in Croatia
is no joke! Do you know just how in-demand real estate here truly is? As a country in the Mediterranean, known for its exceptional weather and even more stunning paradises, owning a property here will feel like hitting the jackpot! With so many buyers ready to spend their hard-earned money on real estate in Croatia, you'd do well to seize the opportunity and sell your place here. But you need to do it wisely. Following tips like selling your newer properties or cleaning the place up first will guarantee that everything will go off without a hitch!
Clean Up Your Property First
It's only natural you want your property in Croatia to look its best before you put it up for sale. Fix what needs to be fixed, get all the necessary renovations done, and decorate it as best you can. The more beautiful it looks, the more it will catch a buyer's eye. Even if they plan to do the place up in a totally different way once they've bought it, buyers still prefer to purchase properties that look polished and complete. This will also increase the value of your place, allowing you to set a higher asking price when you put it on the market.
Consider Hiring A Real Estate Agent
Though it's not exactly a requirement, it might be better to hire a real estate agent
. Especially if it's your first time selling your property in Croatia. The real estate market, particularly its laws, is a lot more complicated compared to other countries. There are a lot of extra steps in the process you need to do and your property lawyer can only do so much in assisting you. You will need an expert to aid you throughout the process, even more so if you're not in the country yourself. And especially if you can't even speak Croatian in the first place.
Newer Properties Sell Better!
Let's say you have multiple properties you plan to sell. There are luxury villas
by the coast, apartments in the big cities, and even cottages in the more rural regions of Croatia. Among all of these, which should you prioritize? The newer ones! According to CroEstate
, newer structures that were built less than a decade ago are considered clean investments They will sell more easily compared to other and older properties. Newer apartments in cities are also easier to sell since buyers will have the option to lease them out to tenants, making them great investments indeed.
Know And Save Up For The Costs
Even before you put your property in Croatia for sale, you ought to learn the costs already. This will help you save up and gather funds for them. Don't think that just because you're selling real estate in Croatia, you don't have to pay for anything. This process includes a number of costs, some of which will have to be paid outside of the property price that the buyer will pay you. All in all, these costs include property taxes
, notary fees, land registry fees, property lawyer fees, valuation fees, and the fee to get the Energy Performance Certificate. Not to mention the costs of sprucing your place up before putting it on the market.
Prepare All The Documents Beforehand
On top of the fees, you'd do well to prepare all the required documents beforehand. They include your Personal Identification Number (OIB), the Energy Performance Certificate, the location information report, and proof of your identification (a valid passport will do!). As well as copies of these. Do note that oftentimes, this is the part that can prolong the entire process. Remember that some of the documents you'll need will come from government offices and other similar official entities. And the process of acquiring said documents alone can take up a lot of time.
Set A Move-Out Date
And finally, don't forget to set a move-out date! Remember that the moment you've sold your property, you no longer have any rights to it. This means that if they want to, the new owner can throw you out so that they can move in as soon as possible. You won't want that to happen to you, right? Of course not. So to avoid such a humiliating situation, set a move-out date as part of your terms and conditions in the purchase contract. Once the buyer signs it, they'll have no choice but to wait for the set date to let you move out properly.
If you're planning to sell your property in Croatia, follow these helpful tips. The real estate process here is more complicated than you realize. One wrong move and you're done! The tips can make sure you'll avoid just that.