Step 1: Initial Contact and Understanding the Client’s Needs
The journey begins when a client reaches out to us—often through email, phone, or a referral. Recently, we worked with a client who inherited an apartment in Budapest but lived in Canada. During our initial consultation, we took the time to understand the property details, review its inheritance status, and learn about the client’s goals. They wanted a quick, hassle-free sale and trusted us to handle every aspect of the process remotely.
Step 2: Property Evaluation and Documentation Review
With the client’s permission, we performed a detailed evaluation of the property based on photos, videos, and local market trends. Our team also reviewed essential legal documents, including ownership papers and the inheritance certificate. In cases where documents were missing, we guided the client through obtaining them via Hungarian authorities or their local consulate, ensuring minimal stress on their part.
Step 3: Power of Attorney Setup
To enable us to act on the client’s behalf, we arranged for a power of attorney (POA). This legal document allows our agency to handle all aspects of the sale without requiring the client’s physical presence in Hungary. The client completed this process through their local Hungarian consulate, where the POA was notarized and sent to us promptly.
Step 4: Preparing the Property for Sale
Next, we assessed the property’s condition and made recommendations to enhance its marketability. In this particular case it needed to be emptied before it could be marketed. So we arranged the furnitures to be moved and the apartment to be cleaned afterwards. In some cases minor renovations also must be made and if the apartment only needs that small magic touch we stage it professionally before taking the photos. We handle all arrangements with trusted local contractors and keep our clients updated with photos and progress reports. Our goal is to present the property in its best possible light to attract high-value offers.
Step 5: Marketing and Finding the Right Buyer
We used our expertise in luxury real estate to market the property effectively. High-quality photography, virtual tours, and compelling descriptions were key to capturing the attention of potential buyers. We advertised through our international network and targeted platforms, ensuring the property reached the right audience, including foreign investors and expats moving to Hungary.
Step 6: Handling the Legal and Financial Aspects
Our team managed buyer negotiations, prepared all legal contracts, and ensured compliance with Hungarian regulations. Thanks to the POA, we could sign documents on the client’s behalf, eliminating the need for them to travel or deal with paperwork. Throughout the process, we maintained open communication, keeping the client informed at every milestone.
Step 7: Finalizing the Sale and Transferring Funds
The final step was closing the sale and transferring the proceeds to the client. We ensured a smooth transaction by coordinating with all parties involved, including the buyer’s representatives and the notary. Once the sale was completed, the funds were securely transferred to the client’s designated account, marking the end of a successful collaboration.
Conclusion
Selling a property in Hungary doesn’t have to be a stressful experience. With the right partner, it can be straightforward and efficient, even from thousands of miles away. Our boutique real estate agency specializes in helping international clients navigate the complexities of property sales in Hungary, handling everything from evaluation to the final transaction.
If you own property in Hungary and want to sell it without traveling here, contact us today. Let us turn a potentially overwhelming process into a hassle-free success story.
If you would like to dive deeper in to the financial aspects of owning or selling a property in Budapest, read our Complete Guide for Foreign Investors
Are you planning to sell your property in Budapest?
Contact us to value your property or to learn more about the unparalleled luxury real estate services we offer.
If you liked this article you can follow us on Instagram or Facebook.
