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How to sell a property in Peru while living abroad

How to sell a property in Peru while living abroad

Selling a property in Peru while living abroad can be a complex process, but with the right information and preparation, it can be a smooth and successful experience. Whether you need to sell a family home, commercial real estate, or vacation home, there are a few key steps you should take to ensure that the sale goes smoothly and that you receive the best possible return on your investment.

1. Hire a reliable real estate agent: One of the most important decisions you will make when selling a property in Peru from abroad is choosing the right real estate agent. Your agent should have a good understanding of the local market and be familiar with the regulations and requirements of selling property in Peru. It is also helpful if the agent speaks your language and can communicate effectively with you, as well as potential buyers (who most likely will be locals).

2. Prepare the property for sale: If someone is still living in your property or if the property is empty, it is important to take steps to prepare it for sale. This might involve cleaning, decluttering, and making necessary repairs. If you are no longer living in the property, it may be necessary to locally hire someone to keep the property in good condition and to show it to potential buyers. If you hire a trusted real estate agent, you may want to provide keys to him/her.

3. Set a fair market price: Your real estate agent can help you determine the fair market price for your property. Be sure to set a price that is competitive with similar properties in the area and take into account any unique features or challenges that your property may have.

4. Advertise the property: Your real estate agent will help you advertise your property, including listing it on real estate websites and promoting it through local marketing and advertising campaigns. Your agent will be able to produce high-quality photos and videos in addition to detailed descriptions of the property to help potential buyers get a good understanding of what you are selling. It is important to consider how wide and deep are the channels and networks that your property agent can make use of.

5. Handle legal and financial aspects: The sale of a property in Peru requires a number of legal and financial steps, including the transfer of ownership and the payment of taxes and fees. Your real estate agent can help you navigate these requirements, but it is a good idea to consult with a local lawyer who is familiar with the process. If you don't have a lawyer and feel the need for one, your agent might be able to recommend one. The same applies to the notary that will handle the ownership transfer registrations.

6. Close the sale: Once your agent found a buyer, you will need to sign a sales contract and complete the transfer of ownership. Your real estate agent and the designated notary can help you navigate this process and ensure that everything is done correctly.

By following these steps, you can sell your property in Peru while living abroad and receive the best possible return on your investment. With the help of a reliable real estate agent, you can ensure that the sale goes smoothly and that you receive the full value of your property.

Please take into consideration that you will need to be present in Peru to execute a property transaction. Alternatively, you can have someone with sufficient power of attorney execute that transaction on your behalf.

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Flavio Graf

[email protected]

"Compra tierra, ya no la hacen" - Mark Twain.

Dirigir equipos con un extremo enfoque en propósitos, prioridades y ejecución impecable.
He manejado empresas y equipos de hasta 75 personas en ventas, distribución, consultoría y productos digitales. Lo he hecho en diferentes jurisdicciones: Perú, España, Reino Unido y Suiza.
MBA de Cranfield University.
Hablo Español, Inglés, Italiano, y si me empujan a hacerlo, un poco de alemán malo.
Áreas de interés: Inversiones inmobiliarias, riesgos, patrimonios, valor en datos y canales digitales.

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