{"id":4993,"date":"2019-03-29T09:04:39","date_gmt":"2019-03-29T08:04:39","guid":{"rendered":"https:\/\/www.mon-agent.lu\/tools-to-sell-in-luxembourg\/economy\/vendre-maison-luxembourg\/"},"modified":"2019-04-09T06:39:32","modified_gmt":"2019-04-09T04:39:32","slug":"selling-house-luxembourg","status":"publish","type":"page","link":"https:\/\/www.mon-agent.lu\/en\/selling-in-luxembourg\/guides-for-sellers\/selling-house-luxembourg\/","title":{"rendered":"Selling a house in Luxembourg"},"content":{"rendered":"<p>[vc_row content_width=&#8221;grid&#8221; triangle_shape=&#8221;no&#8221; bg_type=&#8221;bg_color&#8221; bg_override=&#8221;ex-full&#8221; bg_color_value=&#8221;#ffffff&#8221; css=&#8221;.vc_custom_1554615087324{padding-top: 50px !important;}&#8221;][vc_column][vc_single_image image=&#8221;3883&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221; style=&#8221;vc_box_border&#8221; css=&#8221;.vc_custom_1554365500866{padding-bottom: 25px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1554460293653{padding-bottom: 25px !important;}&#8221;]<\/p>\n<h2>Read on to find out what you need to know to sell FAST AT THE BEST PRICE:<\/h2>\n<h3 class=\"dark-bg\">Step #1 \u2013 Decide When To Sell Your House<\/h3>\n<p>If only there were an easy answer to the oft-asked question of:\u00a0<i>When should I sell my house? <\/i>Important considerations include:<\/p>\n<ul>\n<li><b>Time of year<\/b> \u2013 Real estate in Luxembourg is seasonal, with December, January and August historically being the slowest months. We find that the best months to list a house for sale in Luxembourg are February, March, April, October and November, when Buyers are motivated and the other Sellers are busy preparing to list their homes for sale in the \u201cspring\u201d or \u201cfall\u201d markets.<\/li>\n<li><b>Current competition in your neighborhood<\/b> \u2013 At any given time, there are only so many Buyers looking for the kind of house you have. If those Buyers have a big selection of houses like yours to look at, you can expect to have fewer showings and fewer offers which will usually result in a lower price. Conversely, if you\u2019re the only renovated three bedroom house with a garage for sale in your neighborhood, everyone will flock to your house.<\/li>\n<li><b>Current competition in similar neighborhoods <\/b>\u2013 Most Buyers have two or three target neighborhoods they want to live in, so it\u2019s important to consider what\u2019s for sale in neighborhoods similar to yours too. Similar neighborhoods aren\u2019t just those that are physically close but include those similar in quality of the schools, proximity to parks, restaurants, services and transportation and similar in terms of the type of people who live there (singles, couples, families, retirees, etc.)<\/li>\n<li><b>State of the real estate market<\/b> \u2013 Interest rates and consumer confidence affect prices, and while the Luxembourgish market has been on an upswing for a long time, like any other type of market, what goes up usually comes down. What\u2019s going on in the market right now?<\/li>\n<li><b>Your personal needs and goals<\/b>\u00a0\u2013 If you\u2019re moving out of the city or have already bought a new house, then that timing will likely override everything else. Likewise, an upcoming baby, need for live-in nanny, wedding or divorce might dictate your timing too.<\/li>\n<\/ul>\n<h3 class=\"dark-bg\">Step #2: Get Ready: Declutter, Stage and Clean<\/h3>\n<p>When preparing your house for sale, keep these 3 goals in mind:<\/p>\n<ol>\n<li><b>Declutter to make the maximize the space you have and allow potential Buyers to imagine living in your home.\u00a0<\/b>Remove personal items, extra armoires and anything that could distract potential Buyers. \u00a0Smaller furniture will make the rooms look bigger, so consider swapping out that King sized bed that takes up the whole bedroom for a smaller one, and replacing the L-shaped couch with a more compact version. Clear out closets, donate items you don\u2019t use. Most of our house Sellers end up calling a junk removal company or storing some of their belongings offsite during the sale.<\/li>\n<li><b>Make sure every room is staged to its optimal use\u00a0<\/b>It\u2019s OK if you\u2019re using two of your three bedrooms as offices, but convert them back to bedrooms while the house is listed for sale. Buyers don\u2019t often have great imaginations, so put a bed in the bedroom, a dining table in the dining room and a desk in the den. A good REALTOR will spend time identifying your house\u2019s target Buyer and will guide you to stage your home to reflect how\u00a0<i>they<\/i>\u00a0would want to live in it.<\/li>\n<li><b>Clean, clean and clean again!<\/b>\u00a0The cleaner your house is, the faster it will sell. Buyers won\u2019t just look at surfaces \u2013 they\u2019ll look inside your closets, your kitchen cupboards and your bathroom vanity. Make sure everything sparkles!<\/li>\n<\/ol>\n<h3>Special Considerations for Houses<\/h3>\n<ul>\n<li><b>Curb Appeal<\/b>\u00a0\u2013 More than once we\u2019ve had Buyers pull up to the front of a house they were interested in and instantly decide to go home. How your home looks from the outside \u2013 the porch, door, walkway, gardens \u2013 will set the tone for how a Buyer feels about your home. Give it the attention it deserves.<\/li>\n<li><b>Basement \u2013\u00a0<\/b>Buyers love basements, so make sure to showcase yours to the fullest. Clear out the clutter and make sure that Buyers and home inspectors can easily reach the electrical panel and furnace. If your basement can be used as a second apartment, make sure that\u2019s obvious to Buyers too.<\/li>\n<li><b>The Big Mechanics\u00a0<\/b>\u2013 While Buyers are often swayed by granite counters, hardwood floors and fancy appliances, the mechanics of your house matter too. The furnace, A\/C, hot water tank, electrical, plumbing, roof and insulation are all important: make sure your real estate agent knows every unsexy detail about your house.<\/li>\n<li><b>The Small Repairs\u00a0<\/b>\u2013 We all have things in our house that we\u2019ve ignored, and now is the time to take care of all that stuff. Hiring a handyman for a day can help show Buyers that your home was well maintained and keep them focused on the important things (instead of the leaky faucet in the kitchen). We love <strong><a href=\"https:\/\/www.handyman-luxembourg.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Handyman Luxembourg<\/a><\/strong> for the job been done fast and clean.<\/li>\n<li><b>Backyard \u2013<\/b>\u00a0Many a home has been sold because of the outdoor space, so make the most of your backyard. Consider re-staining the deck, updating your gardens, fixing the fence and getting some stylish patio furniture. If you\u2019re selling your home in the winter, provide summer photos of your yard to your agent \u2013 everybody loves to imagine hosting a BBQ when it\u2019s -20 degrees!<\/li>\n<\/ul>\n<h3 class=\"dark-bg\">Step #3: Get Set: More Prep Work<\/h3>\n<ul>\n<li><b>Get your documents together\u00a0<\/b>Your agent will be asking you for copies of your heating, electrical and utility and tax bills, so take the time to photocopy or scan them. Any current warranties and manuals should be gathered too.<\/li>\n<li><b>Make a list of renovations and repairs\u00a0<\/b>Compile a list of all the renovations and repairs that have been completed since you have owned the house. \u00a0Be prepared to discuss with your REALTOR any current issues with the house \u2013 it\u2019s better to disclose any ongoing issues then get sued later.<\/li>\n<li><b>Make an extra set of keys<\/b>\u00a0\u00a0You\u2019ll likely have a lockbox at your house so that real estate agents can show your home to their Buyers, so make an extra set of keys.<\/li>\n<li><b>Get a pre-list home inspection\u00a0<\/b>\u2013 Completing a pre-listing home inspection before you put your house on the market will help you identify any issues with the home that might be objections for Buyers. For example: the home inspector may determine that your house needs a new roof. Armed with that information, you can choose to either a) fix the roof before putting the house up for sale, or b) factor it into your asking price. Either way, having accurate information puts you in control of how the deficiencies in your house will affect the price you get for the house.<\/li>\n<\/ul>\n<h3 class=\"dark-bg\">Step #4: Pricing Your House for Sale<\/h3>\n<blockquote><p>Pricing a house in Luxembourg is both a science and an art (and let\u2019s be honest, sometimes, a complete crapshoot). Your agent will discuss with you the pros and cons of pricing your home for pricing high with the intent to negotiate vs pricing your home at market value.<\/p><\/blockquote>\n<p><strong>In the end, Buyers will decide how much your home is worth by deciding how much they want to pay for it. Buyers will consider:<\/strong><\/p>\n<ul>\n<li>Recent sales on your street and in your neighborhood<\/li>\n<li>Recent sales of similar properties in nearby neighborhoods<\/li>\n<li>Properties currently on the market<\/li>\n<li>Current market conditions<\/li>\n<li>The size, finishes and condition of your home<\/li>\n<li>Location \u2013 what\u2019s happening in your neighborhood and how people expect it to change in the short and medium terms<\/li>\n<\/ul>\n<p><strong>Other things that can be important to Luxembourg Buyers include:<\/strong><\/p>\n<ul>\n<li>Parking and\/or a garage<\/li>\n<li>The basement (whether or not it\u2019s finished or can be used as a second apartment)<\/li>\n<li>Closets and storage<\/li>\n<li>Style (modern vs character, etc.)<\/li>\n<\/ul>\n<p>Check out our blog on\u00a0<a href=\"\/en\/pricing-strategies-for-home-sellers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Pricing Strategies.<\/a><\/p>\n<h3 class=\"dark-bg\">Step #5: Marketing<\/h3>\n<p>One of your real estate agent\u2019s most important jobs will be making sure potential Buyers see your house. A comprehensive marketing campaign for your house should include both traditional and digital marketing and aim to\u00a0<i>make people fall in love<\/i>\u00a0with your house. Real estate marketing should include:<\/p>\n<ul>\n<li><b>Photography\/Videography \u2013\u00a0<\/b>Professional photography is a must! Most Buyers will see your home for the first time online, and if the photos don\u2019t capture their attention, they\u2019ll move on to the next house and be lost to you forever. We\u2019ve also had tremendous success in producing lifestyle videos that show Buyers what their life could be like, if they lived in your house.<\/li>\n<li><b>For Sale Signs \u2013\u00a0<\/b>It\u2019s not unusual for Buyers to cruise their target neighbourhoods in search of their perfect house, so a For Sale sign on the lawn is always recommended.<\/li>\n<li><\/li>\n<li><b>Online Marketing\u00a0<\/b>\u2013 With 92% of Buyers starting their search on the web, being found online is critical! And\u2026.there\u2019s a lot more to being found online than being listed on realtor.ca. Make sure you\u2019re working with a real estate agent who has heavy Buyer traffic on their website and who knows how to use other websites to your and your house\u2019s advantage.<\/li>\n<li><b>Email Marketing\/Social Media \u2013\u00a0<\/b>Top agents promote their listings to other agents via email and have a network of potential Buyers they can reach via Facebook, Twitter, Instagram and email. Don\u2019t forget, you can help with the sale of your house by sharing the link to your listing too!<\/li>\n<li><b>Print Marketing\u00a0\u2013\u00a0<\/b>Most agents will print feature sheets for your home so that the potential Buyers who see it will have a takeaway of information and photos. Depending on your agent and your ideal Buyer, your home might also be promoted with postcards or in real estate magazines.<\/li>\n<li><b>Your ideal Buyer<\/b><b><i>\u00a0is<\/i><\/b><b>\u00a0out there<\/b>\u00a0\u00a0\u2013 they may be first time buyers, the parents of first-time buyers, an international investor, a recent divorcee, a newly married couple, seniors who\u2019ve just sold their family home or a young couple with a baby on the way. Smart real estate agents will go to great lengths to profile your target Buyer and create a marketing campaign to reach them.<\/li>\n<\/ul>\n<h3 class=\"dark-bg\">Step #6: Showings<\/h3>\n<p>When Buyers make an appointment to see your house, keep the following in mind:<\/p>\n<ul>\n<li><b>Leave your house!<\/b>\u00a0There\u2019s nothing more distracting for a Buyer than having to walk around the owner.<\/li>\n<li><b>Be flexible with showing times<\/b>\u00a0\u2013 Most Buyers look at properties in the evening or on the weekends.<\/li>\n<li><strong>Board the dogs!<\/strong>\u00a0Not everyone will love your dog as much as you do. At minimum, crate them during showings. Ideally, take them for a walk or board them.<\/li>\n<li><b>Consider temporarily moving out of your home while it\u2019s for sale \u2013\u00a0<\/b>If your home is popular with Buyers, you may have 5 or 10 or more showings every day. Going on a weekend getaway or staying at a friends\u2019 or parents\u2019 house can make your life a lot more tolerable \u2013 especially if you have kids or pets.<\/li>\n<li><b>Cleanliness matters! It isn\u2019t enough to have a clean house on day 1.\u00a0<\/b>You\u2019ll need to wash the dishes, make the beds, wash the floors and weed the garden every day while it\u2019s listed for sale.<\/li>\n<\/ul>\n<h3>STEP #7 \u2013 OFFER<\/h3>\n<p>Your persevered job carried its fruits and you get an offer of a purchaser. Here is in what to wait for you: the offer of the Purchaser will be introduced to your estate agent, who will transmit it to you. It will contain some important points of negotiation:<\/p>\n<ul>\n<li>Your contact details<\/li>\n<li>The contact details of the Purchaser<\/li>\n<li>The description of your property<\/li>\n<li>The offered price<\/li>\n<li>The date before which you must answer<\/li>\n<li>The delay for the <strong>financing condition<\/strong> of getting of the loan<\/li>\n<li>The date of taking possession<\/li>\n<li>The date of the notarial act<\/li>\n<\/ul>\n<p>Once you receive an offer, you have 3 choices :<\/p>\n<ol>\n<li><strong>Accept offer<\/strong> : Congratulations, you sold your good !<\/li>\n<li><strong>Make one counter-bid<\/strong> (with better conditions and \/ or prices for yourself). The Purchaser in this point can accept your counter-bid, or make one other counter-bid, or leave.<\/li>\n<li><strong>Decline offer<\/strong>.<\/li>\n<\/ol>\n<p>Negotiation is an art, and if you chose well your estate agent, he is going to give you with solid advice, to get you the price which you want. The final decision on price during the sale of your good belongs to you, but an estate agent is a strategical negotiator in your sides.<\/p>\n<h3>STEP #8 \u2013 THE NOTARIAL ACT<\/h3>\n<p>The D-day finally arrived. Before leaving to the notary, make sure not to have forgotten:<\/p>\n<ul>\n<li>the original of your energy Pass that it will be necessary to give to the Purchaser.<\/li>\n<li>keys and all doubles<\/li>\n<li>to have read all counters (water, electricity, gas \u2026)<\/li>\n<\/ul>\n<p>The sum of transaction will be transferred to you by the notary in days according to the signature of the act.[\/vc_column_text][mkd_blockquote text=&#8221;If you still have questions about selling your house in Luxembourg, call us and we will be happy to answer all your questions to help you sell at the best price.&#8221; title_tag=&#8221;h2&#8243;][\/vc_column][\/vc_row][vc_row triangle_shape=&#8221;no&#8221;][vc_column]<div class=\"templatera_shortcode\"><div data-mkd-parallax-speed=\"1\" class=\"vc_row wpb_row vc_row-fluid mkd-section vc_custom_1554461328051 mkd-content-aligment-left\" style=\"\"><div class=\"clearfix mkd-full-section-inner\"><div class=\"wpb_column vc_column_container 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style=\"color: #ffffff;\"><strong>Expect More !<br \/>\nMore expertise, more services, more marketing,<br \/>\nbut fixed agency fees of 9000\u20ac !<\/strong><\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1554459188701\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<div class=\"subtitle\" style=\"text-align: center;\"><span style=\"color: #ffffff;\"><a style=\"color: #ffffff;\" href=\"\/en\/selling-in-luxembourg\/selling-with-us\/\" target=\"_self\" rel=\"noopener noreferrer\">Find out how [blogtitle] helps sellers <i class=\"fa fa-angle-right\"><\/i><\/a><\/span><\/div>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>[\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"Thinking of selling your home in Luxembourg? Expect More ! More expertise, more services, more marketing, but fixed agency fees of 9000\u20ac ! Find out how [blogtitle] helps sellers","protected":false},"author":1,"featured_media":3883,"parent":3680,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"full-width.php","meta":{"footnotes":""},"class_list":["post-4993","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.mon-agent.lu\/en\/wp-json\/wp\/v2\/pages\/4993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mon-agent.lu\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mon-agent.lu\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mon-agent.lu\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mon-agent.lu\/en\/wp-json\/wp\/v2\/comments?post=4993"}],"version-history":[{"count":12,"href":"https:\/\/www.mon-agent.lu\/en\/wp-json\/wp\/v2\/pages\/4993\/revisions"}],"predecessor-version":[{"id":5597,"href":"https:\/\/www.mon-agent.lu\/en\/wp-json\/wp\/v2\/pages\/4993\/revisions\/5597"}],"up":[{"embeddable":true,"href":"https:\/\/www.mon-agent.lu\/en\/wp-json\/wp\/v2\/pages\/3680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mon-agent.lu\/en\/wp-json\/wp\/v2\/media\/3883"}],"wp:attachment":[{"href":"https:\/\/www.mon-agent.lu\/en\/wp-json\/wp\/v2\/media?parent=4993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}