selling your house in finland
TRANSCRIPT
Selling your home in Finland
Kiinteistötarina
Real estate listings to buy, sell or rent a house or apartment in Tampere area.
Selling your home in FinlandIn Finland when you sell an apartment, it is usually part of a housing company (asunto-osakeyhtiö), so actually you are not only selling the apartment but your shares in the housing company that gives you a permission to occupy a certain apartment. Therefore, in preparation for provision to prospective buyers, you must acquire up-to-date information regarding the financial position of the housing company as well as housing manager’s up-to-date certificate.Finnish law sets a broad disclosure obligation on the seller. It is crucial seller tells all the information that may affect the buyer's decision to purchase the apartment. The information provided becomes extremely important if a dispute arises after completion of the transaction. It is vital to provide accurate information about the type and condition of the apartment, age and defects of the building, and what types of repairs and maintenance have been done. Further, Finnish law sets a broad disclosure obligation on the seller regarding the plot of land and the area in which the property is located.
Real estate agency’s role in FinlandReal estate agency will help to assess the value of the house or apartment, usually for free. If a deal to sell the apartment or house is achieved, real estate agency’s representative prepares the brokerage contract. After that it is important to start acquiring documentation such as the house manager's certificate, extract from the land register, encumbrance documents. Real estate agency also gives the seller advice and guidance on real estate matters including tax policy. Usually the listing is advertised on newspaper and in other marketing platforms such as social media. Real estate agent takes prospective buyers to inspect the property and provides information to prospective buyers regarding the property and the sale of the property, receives offers and possibly a deposit. Finally it is the time for preparing the deed of sale. Commission is paid only if a deal is achieved.
