The sale of real estate is a process in which owners or intermediaries attempt to sell residential or commercial real property (houses, apartments, business premises or land) to potential buyers.
Steps in the sale process
The process involves several key steps:
- Valuation of the property
- Marketing activities
- Price negotiation
- Closing the sale
- Legal formalities — signing the contract and transferring ownership
Goal of the sale
The goal of a real estate sale is to:
- Achieve the best price for the seller
- Meet the buyer’s needs
- Comply with legal and regulatory requirements
Selling a property? Contact Finance Plus for legal and tax analysis of the transaction.
