Essential documents to sell your home in 2024 – Complete Guide
Are you thinking of selling your home, and wondering what documents you need to complete the transaction? You've come to the right place. In fact, several administrative or technical documents, such as the title deed, the technical diagnostic file or a purchase deed must be sent to the notary. By providing a complete dossier, you create a positive impression right from the start. Paradise Immobilier, your real estate agency in Collioure explains it all.
Why prepare for a property sale?
Preparing for a property sale is an essential step. Anticipating documentation requirements and keeping abreast of recent legislative changes are proactive actions that optimize the process and build trust between sellers and buyers. By adopting this approach, sellers can maximize their chances of completing a successful real estate transaction.
Basic documents for all real estate sales
Whatever the property sale, the notary must verify your identity. You must provide him with all documents relating to your identity and personal situation:
- Valid ID ,
- Proof of your personal situation: marriage contract, civil union contract, proof of divorce,
- The title deed of your property, proving your legitimacy as owner.
Then come the documents related to the sale, including :
- Theloan offer if the property was financed by a bank loan,
- A bank statement (RIB) to facilitate financial transactions,
- A attestation d'assurance dommage-ouvrage Required for homes built less than 10 years ago, this certificate covers damage caused by hidden defects.
- Other documents may be requested from the seller, such as maintenance billsplans of the property, and items relating to the construction of the house (such as proof of conformity, the planning permissionthe declaration of completion or the deed of purchase if the house was built by the seller).
Technical diagnosis file (DDT)
The Dossier de Diagnostic Technique (DDT) is a set of checks and information designed to inform buyers about the technical condition of the property they are about to buy. This is an essential document that will be appended to the compromis de vente and the deed of sale .
The Energy Performance Diagnostic (DPE) is one of the key elements of the DDT. It assesses the home's energy consumption and its impact on the environment. This diagnosis is mandatory for the sale of single-family homes. Similarly, theRisk and Pollution Statement (ERP ) indicates whether the property is located in a risk zone (flood, earthquake, etc.).
In addition to the DPE and ERP, the DDT may include other diagnostics depending on the type of property, its date of construction and its location. These diagnoses may differ from one property to another. For example:
- Asbestos diagnosis: mandatory for properties built before July 1997,
- Lead diagnosis: required for homes built before January 1949,
- Termite diagnosis: mandatory in certain areas declared at risk,
- Gas and electricity diagnostics: for installations over 15 years old.
Additional documents by property type
Depending on the type of property, other documents may be required.
For single-family homes :
- Any easement terms for the land
- Documentation of work and modifications carried out on the house;
- Minutes of general meetings held over the past three years.
- A floor plan of the property and any common areas.
For condominiums :
- The exact surface area of the property (Loi Carrez)
- Co-ownership regulations.
- Co-ownership fact sheet
- The "pre-dated statement" and the dated statement provided by the property manager
- Plan of common areas.
- The condominium maintenance booklet.
For properties with special installations:
- Installation certificate of conformity, if available.
- Plant inspection report, if available.
Selling in 2024: Legal and tax considerations
Understanding the legal and tax aspects of selling your home in 2024 is not just a formality, it's a necessity. Ignoring or underestimating these aspects could slow down or cancel out the sales process.
Legal obligations :
- Complete information on the property: you are required to provide accurate and complete information on the property for sale. This includes the characteristics of the property, its history, the diagnostics carried out, and other elements likely to influence the buyer's decision to purchase.
- Right of withdrawal: the buyer has a right of withdrawal within 10 days of signing the compromis de vente.
- Compliance with standards: the property must comply with standards in terms of safety, accessibility and town planning.
Tax implications :
- Real estate capital gains: if the sale value of your property is higher than its purchase price, this may generate a taxable capital gain.
- Possible exemptions: certain cases may benefit from tax exemptions, particularly in the event of the sale of the principal residence.
- Tax declaration: the sale of a property must be declared to the tax authorities. Make sure you meet the deadlines and provide all the necessary information when making your declaration.
How do you gather your documents efficiently?
It's important to prepare the documents needed to sell your home with care. This will facilitate the transaction and reassure potential buyers. Here are a few tips:
- Gather all your documents in one place. This will enable you to find them easily when you need them.
- Check the validity of your documents. Real estate diagnostics, for example, have a limited validity period.
- Using the services of a notary or estate agent can help to smooth the procedure and ensure that all formalities are completed correctly.
Selling your home is a project that requires meticulous preparation of documents. Paradise Immobilier, your trusted partner, will guide you every step of the way. With our expertise, make your sale a stress-free success.