How to sell your property in a dull market?

How to sell your property in a dull market?

The real estate sector has been seeing a rough phase since past 2-3 years. in such times, selling off a property is indeed a struggle. Nonetheless, having a strategy in place to trade off your property proves beneficial in fetching a good price. Read on for some tips on how to go about with the sale.

Good advertising: Remember to publicize the sale of your property through ads on online realty portals available in plenty, use social media like Facebook effectively; you may also consider placing an advertisement in local newspapers. Most online property websites offer their property listing services free of charge but you can also use their paid services which may range from Rs. 700 – Rs. 1500 depending on the duration, number of properties and services availed.

Refurbish – renovate: First impression is the last impression; a house which appeals the eye always sells faster. You can get the property painted, repair furnishings and fittings to enhance the visual appeal. But do not spend too much on it as this does not guarantee a higher price for the property. Keep a list of positives and USPs of your property ready in order to allure prospective buyers.

Pick a competent broker:   to ensure a smooth process of sale, it is very critical to select a broker who is well-versed with the local area, has knowledge of the markets as well as possesses substantial experience in the job. Beware of unprofessional people who just claim to be brokers. Instead, approach a professional agency which has a track record of successful deals.

Up-to-date paperwork: keeping the property papers up-to-date gives confidence to the buyer that he is transacting with a genuine seller. In order to close the deal quickly, you must keep all the property-related documents like previous sales deed, occupancy certificate, possession certificate, completion certificate, no-dues certificate and approved layout ready.

Allow flexible payment conditions:   Buying a property involves huge money and organizing it may take some time. If you offer flexibility in the terms of making payments as a seller, it might work in your favour. Being rigid and demanding for hefty down payment is not advisable in a buyers’ market. Flexibility in terms & conditions and allowing extended payment plans stand you the chance of fetching better price for your property.