Vendor FAQ
The first step is to make contact. Every sale starts with that first phone call. DW Estates will then visit you and your property to establish your needs and end goal. We advise on pricing strategy and sales strategy, including things like the best time of day to show your property. Once we agree with a vendor that we can help and meet their expectations, we will take the property on as a listing and begin marketing.
Generally, the whole process takes between six and twelve weeks, though on occasion it can happen more quickly; it can also take much longer. We will work with you and the purchaser to ensure that we achieve a timescale that is agreeable to both parties.
Our areas of focus are San Pedro de Alcántara, Marbella & Sotogrande. We are well known within these areas as the “go-to” agency for direct clients and other agencies alike, though we will happily consult with vendors to sell properties in other areas where appropriate.
DW Estate will advise you on how to present your property in the best possible light. This will often include clearing as many personal possessions away as possible and ensuring that the property is as well-lit as possible. The time of day (and even the time of the year) can make a huge difference in this regard. We will organise photos and even dress the property, where appropriate. From the owner’s part, you will need to have all the relevant documentation to hand and readily accessible as we will need copies of any documentation relating to the property, as well as yourself. This will include the nota simple, IBI and basura receipts, details of the community, any floor plans, your NIE number and a copy of your passport.
Strictly speaking – no. But it is highly recommended and will ensure that your obligations are fulfilled and your needs met. It is important that the ownership of the property is fully transferred to the new owner and that utilities are transferred. With a power of attorney, a lawyer will also be able to represent you at notary if you are overseas and remove the need for you to attend the notary in Spain.
Yes, absolutely. We also have a small number of buyers who are also looking to buy without advertising the fact. It should be said though that we will have a better chance of selling in a better timeframe if we can properly market your property. We sometimes suggest that marketing the property as “Price on Application” can strike a good compromise.
No. If you already have professional photos then we are happy to use them, if not we will organise the photoshoot and the post-production editing. The most important aspect is that the photographs are well lit, the property is tidy and the rooms are uncluttered so that any potential buyer can focus on the detail of the property, not the detail of your personal possessions.
Whilst we are occasionally happy to be retained to promote certain properties, DW Estates will generally undertake to sell your property without any up-front fees. Our fees are payable at completion when the property gets to notary.
In this instance DW Estates will generally charge half its fee, with the balance of the deposit being paid to the vendor.
DW Estates is a professional agency, and Danny personally has over fifteen years’ experience in selling property on the coast and internationally. We believe we are best placed to show your property in the best possible light, every time. Whilst we don’t insist that vendors go out, it is generally a good idea and allows any potential buyer to feel more relaxed and more importantly feel able share their thoughts more openly.
It is generally better if the vendor isn’t present at viewings. We are the professionals and will ensure that the property is presented in the best possible way.
Whilst we would not encourage any vendor to accept an offer and then pull out, legally you are bound to a sale once the contract is signed and a deposit paid to you, your lawyer or in some cases, the lawyer of the buyer. This point is known as “exchange of contracts” in many countries. Whilst individual cases can vary, after this point in the process, if a buyer pulls out then they will lose their deposit, if the vendor pulls out they will be liable to repay twice the deposit amount.
The whole process can be closed in as little as a fortnight, though will generally take between six and twelve weeks.