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Selling a property is one of the most important decisions individuals can make in their lives. However, this process can face various obstacles that could turn a simple transaction into a real legal and financial headache. Real estate experts warn about common mistakes that can cost sellers thousands of euros, even long after the deal is closed.
A lack of transparency is one of the most frequent mistakes made by sellers. Failing to disclose encumbrances or debts associated with the property can lead to legal claims by the buyer, who could argue they were misled once the purchase is complete. It is essential for those selling their property to provide all pertinent documentation, ranging from community fee receipts to energy efficiency certificates and details about any debts or liens affecting the property.
Another critical aspect that is often overlooked is the proper appraisal of the property. Setting a price too high can dissuade potential buyers, while a price that is too low can lead to significant financial losses. Obtaining professional advice in this regard is crucial to avoid these pitfalls.
Hidden defects are another concern that sellers need to keep in mind. If structural or habitability issues are discovered after the sale, the seller could be held liable for not disclosing these defects. To prevent such issues, it is advisable to conduct a thorough inspection of the property before putting it on the market.
The drafting of the contract also plays a fundamental role. Often, sellers opt for standard documents without paying adequate attention to the specific clauses that protect them. Ignoring legal advice can lead to ambiguities that favor the buyer, potentially resulting in future litigation. Therefore, having a specialized attorney is a wise strategy to ensure that the contract safeguards the seller’s interests.
Finally, the payment method is a crucial element to consider. Accepting cash payments or using unconventional methods can carry significant risks, including fraud and traceability issues. It is preferable to use secure, documented payment methods, which allow for a clear record of the transaction.
In summary, selling a property is a process that involves a series of precautions and details that should not be underestimated. Caution and collaboration with professionals in the field can be decisive in avoiding problems and achieving a secure and advantageous transaction. Neglecting any of these factors can not only result in financial losses but also lead to stress and legal complications for the seller.
Source: MiMub in Spanish
