Real estate transactions occur all year round without significant seasonal fluctuations. However, during spring and summer, people tend to be more optimistic and open-minded. Hence, selling an apartment, a land, or a private house between May and July might lead to a shorter period of sale and a potentially higher price.

For commercial properties, similar expectations might apply to a period between September and December, when companies are generally more energetic in their decisions and activities.

The sale period largely depends on how well the property is prepared for sale, how attractively it is presented to potential buyers, how appropriately it is priced, on the effectiveness of negotiations with potential buyers, and the quality of the management of the whole process.

Statistically, selling an apartment takes 3-6 months on average, while private houses and land would sell within 6-12 months, and about the same 6-12 months also normally apply to commercial premises. In case of lease, in all cases the time of transaction would be about half of that of sale, although, it can differ greatly for commercial premises depending on type of premises and its location.

Direct costs for the property seller may include: 1) preparing the property for sale – cleaning, organizing, or even refurbishing; 2) marketing and sales expenses – preparing quality photos, placing ads; 3) paying real estate tax for the current year if not yet done.

Indirect costs include the time and energy spent on communication with potential buyers and conducting property viewings.

Other related expenses – the application for registration, contract preparation, state fees and charges, transaction account costs, if used – are normally covered by a buyer. Nevertheless, there may be cases where the seller and the buyer might agree to split the costs.

The property must be registered in the Land Register (Zemesgrāmata), and the floor plan should match the inventory file. Property rights should be sorted out. If any of these is not in order, they should be addressed, since otherwise the sale will be more complicated and costly, or even impossible.

Once the documents are fixed, the property itself should be arranged to be visually appealing. Next come photos, advertisements, viewings, and the contract.

All these elements are important to get the price your property is really worth. It is advisable to talk to a professional who will recommend things to pay attention to in order to get the deserved result.

If you want to get the highest possible price for your property, it is advisable to engage an experienced real estate transaction manager, commonly referred to as a realtor or an agent.

A professional knows the market and will assess the right price matching the property’s condition and location, will prepare a sales contract that represents your interests, will advise how to prepare the property, will attract genuine potential buyers, will conduct proper viewings and negotiations, and will organize the visit to a notary and all other formalities, and will help you to sort out things with the bank.

It is proven that the knowledge, the experience and the skillset of a professional saves lots of time and nerves for a seller and delivers much better result.

The fee for services of an experienced real estate transaction manager, also known as a realtor or an agent, starts from 3% of the actual sale price for all types of properties. For lease, standard fee corresponds to the rent for 1 month.

The actual fee will be set after careful evaluation of technical and legal status of the property, and the set conditions and tasks of the sale or lease. Such approach provides individually tailored service adapted to the specifics of each property and transaction.

Fee is payable only after the closing of the sale when money from sale has landed in your account.

It is a good idea to talk to a professional before embarking on an affair as significant as sale of a real estate. You will be eplained all the aspects that need to be considered before the sale, during the sale and after the closing of sale.

First consultation of one hour is free of charge. In most cases, this is sufficient to designate the roadmap of actions. Further consultations, if needed, will be charged at €80 per hour. If the realtor services are solicited, those further consultations will also be free of charge.