This could be a perfect time to sell your house if you’ve been considering it. However, selling a house is a drawn-out process that often takes 4-6 months, even in a stable market. But given that there are more sellers than buyers at the moment, which is considered to be a buyer’s market, it can take even longer to sell at a fair price. If you intend to hire a real estate agent to sell your home, they will be able to advise you on the value of your property after taking into account its kind, amenities, and other features.
Here are the key factors to think about while selling your house.
1. Get a valuation done on the property.
Once you’ve made the decision to sell your house for cash, the first thing you should do is get it valued. While there are numerous consultants and organizations that can evaluate properties, you can also conduct your own research by looking through web listings for properties to learn the typical per-square-foot fee in your neighborhood. The property’s depreciation can then be calculated while taking the type of property into account.
2. Make the housing society aware.
To receive a no-objection certificate if you reside in a gated community, you might need to tell your housing society or the governing body (NOC). This stage of the process is crucial since the new buyer will need all of this documentation for their due diligence. A NOC from the housing society is also a requirement because all the amenities would need to be transferred to the new owner.
3. Get the house ready for staging
As soon as all the paperwork is ready, you could think about preparing to sell your house. It will be easier for the other party to see the space creatively if you leave the house before putting it on the market for sale. If your property is very old, be sure to disclose any plumbing, seepage, or other problems to the buyer. In order to sell the house for more money, you can also renovate it.
4. Contact the broker or list the property
After deciding on the aforementioned elements, it is time to market your house to potential purchasers. You can market your property on websites where thousands of customers search available properties every minute as internet shopping increases in popularity. You can also get in touch with real estate brokers, who can use their network to assist you to discover purchasers. Property portals are free, but brokers charge a commission based on the value of the transaction.
5. Take and share photographs and videos.
These days, buyers prefer to view the property’s photos and videos online before making a site visit because it saves time for both parties. To do this, you can either use these strategies to make your home appear appealing on screen or employ a professional photographer. You can also take simple photos and films with your smartphone. To make your property listing more interesting when thinking of selling your house, share these with your broker or on it.
These are a few of the things that might make the selling process simpler. But bear in mind that since real estate is a heterogeneous product, what affects home prices and market circumstances in one place might not have the same effect in another. Do your research to determine the aspects that must be taken into account and whether the moment is actually suitable to sell your house. According to a particular segment of the real estate market, capital values may increase anytime, therefore it makes sense to wait and research, at least for those who can.