How to sell property remotely

Contents

Remote sales with Virtoproperty

Specialists from various fields have faced changes brought by the COVID-19 pandemic. In the new reality, special rules and restrictions apply, and we have to adapt to them. Business is also forced to work in new ways. This also applies to the real estate market, especially foreign real estate, since the borders of many countries are still closed or require quarantine upon entry.

Thanks to the development of IT solutions, property sales can now be carried out remotely. Today you have the opportunity to sell your property in Spain without leaving your country. Moreover, the costs are minimal: from €490 per transaction.

VirtoProperty agents have already conducted several remote sales and are ready to share their experience with clients by offering a new service. In this article, we will tell you how to sell property in Spain remotely.

  • What does the seller need to do for a remote sale?

  • What is required from the real estate agency?

  • Advantages of remote selling with VirtoProperty

1. What does the seller need to do for a remote sale?

For a remote transaction, certain preparation must be done and documents must be collected. Below is an action plan for the fastest possible fulfillment of all requirements:

  • Send us a request through the form below.

  • Provide us with copies of documents confirming ownership, as well as a copy of your passport.

  • Sign a contract with our agency, indicating the value of your property. Our specialists will help you evaluate the property and set the “right” price based on the seller’s strategy (quick sale, most profitable deal, etc.).

  • Send us the keys via a reliable delivery service (DHL, etc.).

  • Issue a power of attorney for sale. This can be done in two ways, depending on the requirements of the Spanish notary who will conduct the transaction. The first option is at the Spanish consulate in your country of residence. The second option is with a notary in your country of residence. In this case, you will need to put an apostille on the power of attorney and send it to Spain, after which the document will be translated into Spanish by a sworn translator (traductor jurado).

  • After completing the transaction, you will receive money in your current bank account.

2. What is required from the real estate agency?

After the seller has completed all necessary preparations, agency specialists begin their work. In post-pandemic conditions, the work of real estate agents in Spain is subject to COVID safety rules: viewings are only allowed in masks and with social distancing, and in some regions there are restrictions on time and types of properties. Despite this, work continues. VirtoProperty agents have already accumulated experience in sales under “new reality” conditions.

What the agency will do to sell your property:

  • Prepare your property for sale: order cleaning and hire a professional photographer for photo and video shooting.

  • Place advertisements in the maximum possible number of sales channels (virtoproperty.com, estate-spain.com, idealista.com, fotocasa, pisos, social networks, etc.).

  • Search for potential buyers and organize viewings. For remote buyers, online tours are available.

  • Draw up a reservation contract and prepare documents for the future transaction.

  • Sign the purchase and sale agreement (Escritura) with a notary in Spain based on the power of attorney and ensure that you receive money in your bank account.

3. Advantages of remote selling with VirtoProperty

  • Ability to complete the transaction remotely.

  • Low processing cost — the cost of remote transaction support services starts from €490*. This is cheaper than personally coming to Spain to sell property.

  • Security guarantee — access to keys is always under control.

  • Free professional photos and videos — chances for quick and successful sale increase significantly with a professional approach.

  • Maximum advertisement coverage — your property will be advertised to a wide audience of real estate portals such as VirtoProperty.com, Estate-Spain.com, Idealista, Fotocasa, Pisos and others (more than 7,500 potential ad views per month!).

  • Security and transparency — experienced lawyers will conduct all necessary legal checks of the transaction from start to finish. Our office is located in Alicante.

*Excluding commission (from €2,000). This service is only available for properties located in the province of Alicante, Spain.