The real estate sector has turned into a flourishing business in almost every part of India. With the presence of online real estate companies, the process of buying and selling properties has become a lot easier than before. If you are planning to sell your home, the first and foremost thing to do is do a bit of research on the current market real estate trend and prices of the properties that are similar to your home. This will greatly help you quote the right rate for the property and save yourself from regret of selling the home at a lower price.
While trying to sell a property, don’t be in a rush; it is quite important. Before you approach a broker or put flat for sale in various online platforms think what you can do to get the best price and sell the property faster. Here are four proven tips that will help you sell the flat quickly and get the best deal.
Understand the current market scenario
When you enter the real estate market as a seller, it is important to understand the market trends first. Figure out how may properties are up for sale in your locality and what is the price that the sellers are quoting. You can also do a comparison of good or bad is your property as compared to the others. Do a bit to research on the demand for property buyers in the area and the profile of the buyers. This is a valuable piece of information you ought to know as a property seller as a locality that has less number of proprieties for sale but has high demand, you can quote higher prices and there would be lesser chances of negotiation.
Set the price right
To attract the interest of the buyers to buy your home, it is important that you quote the right price. Don’t let the emotion get in the way of the business; just because you love your home, does not necessarily mean you can put an exorbitant price tag on it. Likewise, if you think your property is too old, you need not have settle for lesser price than its actual value. For old properties, you can carry out a few minor repair works like getting a fresh paint done or repairing the leakages and fixing the roof and increase the price. Another important factor in determining the price is the location of the property, the infrastructure facilities available in the locality; a good location with peaceful surrounding often attracts buyer’s attention.
Consider the BHK (Bedroom Hall Kitchen) factor
How big or small your property is matter a lot while selling it. Today, it is the common trend among new home buyers in India that they prefer buying a 2BHK flat simply because it offers better re-sale value. Also, if you want to rent out the apartment, a 2BHK flat would have more buyers as compared to a 1BHK flat. So if you are planning to use the home for yourself, investing in a 3BHK flat would be an ideal choice; however, if you want to sell or give it out for rent, a 2BHK flat would certainly sell faster.
Today, with the advent of the various online property platforms, buying and selling properties has become easier than ever before. While putting a flat for sale in Kottayam, make sure that you list the property on all the popular websites. This would give you maximum visibility among the potential buyers and help you sell faster. Also, you can use of the various social media platforms. Since the social media forums have a huge number of users, it can help you find the best buyer and get the best price for the property.