Sales Guide

Are you planning to sell your property in the Principality of Monaco, or are you still considering it?
Our dynamic and professional team is here to provide you with the expertise needed to complete the sale.

Stages of the Sales Process:

1. Initial Property Visit:

One of our brokers will visit your property to gather detailed information, helping to determine its fair market value.

2. Detailed Valuation Report:

We will provide a comprehensive valuation report using multiple evaluation methods to ensure objectivity.

3. Document Collection:

Required documents for the sale include:

  • Certificate of ownership
  • Seller(s) identity card
  • Co-ownership rules
  • Last three general meeting minutes of the co-ownership
  • Legal documentation if the owner is a company
  • Rental management records if the property is rented
  • Complete work records if any authorized works were done

4. Signing a Sales Mandate:

The sales mandate will outline:

  • Sale price
  • Real estate agency commission
  • Terms and conditions of the mandate

Types of mandates:

  • Exclusive: Only our agency will market your property, allowing us to invest significant resources and work with other real estate players to reach the largest network of potential buyers.
  • Co-exclusive: Exclusivity is shared between two agencies, useful if two agencies have complementary approaches and clientele.
  • Simple: Any agency can market the property, acting independently and in competition.

5. Marketing Your Property:

We will take professional photos and may perform home staging to enhance the property’s appeal. Our marketing strategy will utilize various media (websites, social networks, shop window, local and specialized press) and our database of potential buyers.

6. Organizing Viewings:

We will arrange viewings with potential buyers, accompanied by one of our brokers, and provide you with weekly feedback.

7. Receiving a Buying Offer:

We will present the offer, including the proposed conditions. Once you agree and sign, the offer is binding, and the documents will be sent to your chosen notary, who will handle the sale procedure and collect the deposit.

8. Preliminary Sales Agreement (Optional):

While not mandatory in Monaco, a preliminary sales agreement is advised for specific conditions, such as when the buyer is seeking financing or if the property is subject to the State's right of pre-emption.

9. Finalizing the Sale:

If all conditions are met, the deed of sale will be signed before a notary or via an authentic power of attorney. This deed is enforceable and establishes the new ownership. You will hand over the keys and receive the funds within two weeks from the notary’s office.

10. Commission and Costs:

The real estate agency commission is 5% + VAT (currently 6%). If the property is mortgaged, an early release fee of 1% applies. All other costs are borne by the buyer.