Our expert team supports you through all the necessary steps for the completion of your property sale in Monaco.

Estimate the value of your property

A good estimate of your property will help conclude a quick sale, as the true value of your property will attract the right buyers. To assess the real value of your property, one of our negotiators will visit your property to gather as many elements as possible to estimate the right price.

We handle all the administrative aspects of the sale

We take care of everything so that your experience is as pleasant as possible.

We collect from you all the documents necessary for the sale of your property, namely:

  • your proof of ownership of the property to be sold,
  • a copy of your identity documents (passport and identity card and/or residence permit currently valid)
  • a copy of proof of address
  • the last three minutes of the general meeting of the co-ownership,
  • the co-ownership regulations,
  • all legal documents relating to your company, if you are selling as a legal entity,
  • the rental management file if the property you are selling is subject to a lease,
  • the as-built file for works subject to a building permit.

Once your file is complete, our team will propose the conclusion of a sales mandate. This is a contract indicating the sale price, our remuneration, its duration and its conditions. It is a bilateral contract that commits us mutually.

Everything you need to know about the sales mandate

The sales mandate can take three forms. It can be simple, exclusive or co-exclusive:

The simple sales mandate

This type of mandate allows you to entrust the sale of your property to several real estate agencies (more legally called agents). It also leaves you the opportunity to sell your property yourself. The agent who has managed to connect you with a buyer and direct the negotiations will be the only one remunerated for their service.

This type of mandate gives you great freedom of action, but has negative aspects. The great competition between providers reduces their chances of being remunerated. This often tends to limit the involvement of our competitors. Moreover, it is common to see the same property advertised with different information such as the sale price, the surface area... which is a serious handicap in negotiations with potential buyers.

It is therefore an interesting mandate for you if you wish to keep control over the sale of your property, but which can however be particularly counterproductive.

The exclusive mandate

The exclusive sales mandate entrusts the sale of the property to a single real estate agency. The communication about the property is much more coherent here. Moreover, the real estate agency, knowing it is the only one in the running to sell the property, will put all the necessary financial and human resources to maximise the sale in the best time and conditions.

Strategies relating to the sale of the property will be decided by a single team, which will allow buyers to see a coherent offer. The feeling of reliability is decisive in the subsequent negotiation phase. Indeed, trust between the parties during negotiations is the main ingredient of a successful sale.

As this mandate is exclusive, you will need to choose your agent with diligence. Indeed, you will lose the freedom to sell your property yourself or to put several agencies in competition. However, by working with our agency, you will benefit from a single point of contact to centralise all requests from potential buyers or other agencies and perfectly control your property and the information disclosed.

The co-exclusive mandate

The co-exclusive mandate can be the hybrid solution in the case where neither the conditions of the simple mandate nor those of the exclusive mandate will satisfy you. This mandate is based on the same principles governing the exclusive mandate we have just presented. However, it allows you to entrust the sale of your property to two real estate agencies.

It offers exactly the same advantages, which are a greater provision of financial and human resources from the agencies and a better harmonised communication strategy than in the simple mandate.

When it comes to choosing between these different types of mandates, particularly if you hesitate between an exclusive or co-exclusive mandate, it is preferable to contact the agency you prefer. In this way, they can guide you towards an agent with whom a concerted effort can be made so that synergy occurs. You thus multiply forces to achieve better results.

How do we sell your property?

Our teams create a sales pitch that will accompany the visual content (HD videos and 360° HD photos) across all the networks we master (website, social media, press reviews, etc.). Once a buyer is interested, we arrange a visit to the property accompanied by one of our negotiators.

Following this process, if the client is interested in the property, we draft a purchase offer outlining their conditions, accompanied by a cheque for 10% of the proposed amount, made out to the notary, to prove their good faith in acquiring the property. Note that we are in constant communication with the seller and the buyer throughout the sales process. If there is agreement on the price and the property, we make an appointment with a Notary of the Principality for the signing of the preliminary sales agreement. The cheque is cashed as a deposit against the sale price of the property.

As we highlighted in our buying guide for settling in Monaco, the signing of a preliminary sales agreement is not mandatory, but may be necessary, particularly in the context of the Monegasque State's right of pre-emption. This right applies to all buildings constructed before 1947.

Finally, after all the conditions precedent have been met within the allotted time, it will then be time to meet again at the Notary's office for the signing of the authentic deed, at which date the buyer must pay in full the amount corresponding to the price of said property, minus the deposit, as well as the notary fees of 6% and the agency commission of 3% excluding tax on the property price, according to the Monegasque real estate chamber's tariff schedule. In the event that one of the conditions precedent is not met, the deposit cheque will be refunded to the buyer and the sale will be deemed cancelled.

Payment of funds

Once the documents are signed before the notary, the funds will be paid to you by the notary's office within 15 days, minus the seller's agency fees, set according to the Monegasque real estate chamber's tariff schedule at 5% excluding tax on the sale price.

We hope you now know more about our process for selling a property in Monaco.