Read In:

Sell Your Home In A Flash, Especially If You Are Distress-Selling

June 22 2015   |   Sohini Sarkar

Those who trade in homes often know that there are certain tricks that will sell any home quicker. Much like the market for equities and debt, real estate is also characterized by buyers' and sellers' markets. If you are not foreclosing your loan or distress selling, you should follow these tips to get your home sold quickly. If you are, however, getting into a distress sale, you must follow these tips to sell in a flash:

1. Entry at the right time

Even if you are in a hurry to sell your property, you should time your entry in the market. Currently, India's real estate market is a buyers' market and hence, selling your house may lead to a small profit margin. However, it has been predicted that in the coming six months to one year, the market for property in India shall revive and sellers shall have the leverage. Therefore, if possible, you should postpone selling the property. If you absolutely have to, find buyers who absolutely have to buy now and who can not wait to move into their new home. 

2. Price the property right

The pricing of your property is very crucial to making a sale, as buyers have a limited budget and have a sound understanding of the worth of a particular property. If you price your property very high, it will rebuff the buyers of resale apartments in India on two counts:

  • They have a limited budget which may not accommodate the price you ask of your apartment
  • If they can afford the flat, they would rather opt to spend it on an apartment in a better neighborhood or one that has better amenities
  • You should always try pricing the property slightly less than the market rate. Whatever returns you expect from the property, you should leave a margin of 2 to 3 percent for negotiation with the buyer. Visit a couple of properties in your neighborhood to know the prevailing market rates. This will help you ask reasonably and sell off your property faster.

    3. Hire a real estate agent

    Seasoned market players would agree that hiring real estate agents helps to sell property faster than an individual seller venturing out alone. Realtors have contacts who would be interested in your for-sale flat and willing to pay the asking price. They will also help with the showing of the property in case you are unavailable at certain times of the day.

    4. Sound relaxed and confident

    Only you know how desperately you need to sell your property. Don't make it obvious, though. All throughout the negotiations, try to be calm and relaxed. You must not even reveal your secret to your broker, who has his own vested interest in getting the property sold. Even when in  distress, just masking your anxiety with a smile can make buyers take it seriously. 

    5. Be confident and be in love 

    First rule of the game is to be very, very confident. You must also appear to be in love with your property. Only you know what it means to you and how well it has served you. If you don't love it, it would be hard convincing buyers that your house is worth their money. And in whatever sales pitch you are practising, do remember to be confident. 

    6. Fix the interiors

    Property for sale in India that has been owned previously is often not in perfect condition for an instant sale. Therefore, you need to invest some money in fixing it up so that it appeals to the buyers. Keep upgrading the fittings in your home whenever the trends change, as home buyers like properties that appear to be in vogue. However, do not invest much money because recovering is not always an easy task. A few repair jobs here and there and whitewashing the house would be enough to make it appealing.

    7. Increase curb appeal

    For villas in India on sale, the outdoors must be as appealing as the indoors. Therefore, you should mow the front lawn and prune the trees and shrubs to make the garden look well-maintained. Remove litter and knickknacks from the driveway so that the entrance to your home looks tidy and attractiv




    Similar articles

    Quick Links

    Property Type

    Cities

    Resources

    Network Sites