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How To Sell Your Home By Yourself

June 24 2015   |   Sohini Sarkar

Samar was happily living in his bachelor pad till he decided to get married. The tiny 1BHK apartment was not fulfilling his need for space and so he decided to sell the apartment. Samar had seen a spacious 3BHK flat in Indiranagar, close to his office, that he wanted to buy. He decided to sell this flat to raise the booking amount. He managed to sell his 1BHK flat for almost Rs. 35 lakh, without hiring a broker!

If you also want to stay away from the hard work of hiring a broker to make a killer deal by selling your property, here's what you should do:

1. Make use of your office connections

More often than not, you are likely to find a buyer for ready to move in flats in Bangalore in your workplace itself! Most offices have a notice board where employees can put up advertisements for apartment sharing, rental properties close to work and flats for sale as well. You can put up an advertisement bearing the basic details of the flat, along with an impressive photo of the interiors. Don't forget to mention your phone number for interested buyers to contact you.

2. Word of mouth publicity

Long before brokerage services became widespread in print, person or digitally, word of mouth helped individual sellers get things off their hands. You can let your immediate family, friends, neighbors and other flat owners of the society know about the impending sale. Make use of the office grapevine as word spreads fast on the rumor mill. Having a buyer come through a known channel often guarantees their quality and sincerity.

3. Making use of social networking sites

Thanks to social networking websites, having your property sold by your self is not a big deal anymore. There are dedicated groups on Facebook for property for sale in Bangalore. You can post information about your property among these groups. Alternatively, you can put up a status update about the same, along with a picture of the home and your contact details. You can ask a few close friends and colleagues to share it on their wall to spread the word. You can also tweet about your home if you are on Twitter. While posting your contact details on Facebook, you ought to beware that you don't compromise on your security. Post email ID or official phone number to protect your personal details.

4. Attend real estate conferences

Real estate conferences are organized in all cities on a regular basis. Although the limelight is hogged by large scale real estate developers, you still have a slim opportunity to talk to buyers attending the conference. Simply initiate a conversation with them and let them know that you too have a resale apartment in Bangalore that they can consider. You could actually collect a few phone numbers at the conference with whom you can correspond later regarding the flat for sale.

5. Using online classifieds

Online classifieds are a great platform for individual sellers to benefit from. Simply upload the details of your home along with a photograph or two, and your contact information. Buyers will get in touch with you directly. No brokerage or subscription fee is charged by these websites. Once your flat is sold, you can remove the advertisement from the site.




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