Tue, 06 Dec 2022

A Guide to Selling Your Home in India (2022 & Beyond)

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18 Nov 2022, 17:24 GMT+10

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When it comes to selling a home, a homeowner has a lot of options and you can sell your home however you want; but planning the right strategy can help you avoid confusion during the sale. Whether you're upgrading or moving across town, the logistics of selling your home are critical to getting the best price for your home.

So, if you want to sell your home in India, here are some approaches that can help you quickly attract buyers' attention. These great insider tips for selling your home will make you bid for the highest possible price.

Get Your Property Assessed

Determining the house price in India should be the first step to getting the value of the home you want to sell. Make sure to base your plans on your property's worth, for otherwise, it could lead you astray. If you go to overpay for your home, you'll have to look into different mortgages for your new one.

You may not only regret your decision if you undervalue the property you wish to sell, but you may also miss out on some incredible properties because you believed they were beyond your reach.

Your most suitable option is to work with a professional or trustable real estate website to have your home correctly valued, and they will accurately assess what your home is worth in today's Indian real estate market.

Make Your Home Available For Display

Have you ever declined a viewing? If that's the case, there's a good chance you never heard from that buyer again. It can be questioned to keep your home ready for viewing at all times, but it is completely essential to maximise your possibilities of selling.

It is likely they will move on to another home in your area if you turn them away. Buyers are fickle and time-constrained; if you turn them out, they may move on to another house in your area.

So, if you keep your house on display at whatever hour of the day, you will reap the rewards of your sacrifices later since this situation is only temporary.

Clear All Debts and Keep All Documents In-Hand

Before listing your property for sale, ensure that all dues- maintenance, utility bills, and property tax-are paid. Also, ensure inquiring about transfer fees and procedures in the property's location.

Ensure that you have the original conveyance deed or sale deed on hand. It is required that you have an allotment letter, a sale agreement, and a possession letter if you bought it from a housing authority or developer. Those living in gated or group housing societies need a no-objection certificate from the society.

Furthermore, if you borrowed money from a financial institution to purchase the property, make sure you have the encumbrance certificate or if you have cleared the loan, the loan clearance certificate. You could also keep a copy of the loan statement as proof of the outstanding loan amount and other pertinent information.

A Clue of Your Competition Might Save the Day

Find out the prices, sale types, and conditions of the other homes your home is competing with through your agent. Check some open houses in your area and do a real estate reality check: know that buyers who come to your home will also see those homes, so make sure the real-time comparison will favour your property.

Focus on Marketing Your House

A buyer must be able to find your listing and be captivated by it. In the digital age, buyers search for property on dozens of sites. So, have you joined them all?

If the answer is yes then that's great! To reach the largest buyer pool, home sellers should list their properties on as many popular real estate websites as possible.

Furthermore, to entice a buyer, your home must impress them in seconds. Consider how quickly you navigate websites and if your house can put someone on the spot. Photos are also one of the best tools for showcasing your home online and getting people to schedule a home visit.

Factors like these could make the sale process more manageable. Nonetheless, research what other ways must be considered when selling your home because real estate is a heterogeneous industry, and what influences property prices and market conditions in one area may vary impeccably. So, work on what favors you in getting the best deal!

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