Below are 5 self-help tips to sell your house sooner than you though:
1. How’s the market?
Understand the trends about what is happening in the property market of your city. This will help you quote the right price for your property. Also, it will save you from a lifetime of regret of selling your property in haste at a lesser rate.
Find out how many properties are up for sale in your area and at what price. You can also do some analysis on how superior or inferior those properties are compared to yours. Understand the demand in your locality and the buyer’s profile. If you quote a high price in a locality that sells cheap, selling can get difficult, unless your property has some unique features.
2. Price it right
It is important to set the right price to attract the interest of buyers. Just because you like your property doesn’t mean that you can price it exorbitantly; similarly, if your property is old, it doesn’t mean that you have to settle for less than the market price.
Minor repairs and a facelift can increase the asking price of any property.
3. BHK proportion
The number of bedrooms in your property matters a lot at the time of selling your home. A leading developer in Mumbai says: “I have seen that most people in the IT sector seem to buy a 2BHK apartment from one aspect only – re-sale. The re-saleability of 2BHK flats is higher. Also, if you want to give it on rent, two bedrooms go faster.
“If you want to keep the house for self, a 3BHK should be your choice. But if you are looking to sell, transfer, negotiate and make a turnover of it, a 2BHK would sell fast.”
4. Online display
List your property online on property listing websites such as Magicbricks. Experts at ‘This Week in Property’, a live show hosted by Magicbricks on Facebook, noted that one of the biggest advantages of putting your property online is that the buyer gets exposure to a bigger platform and the owner gets responses from a larger target audience.
5. Research well before approaching a broker
Taking the help of a broker in selling your property can be good, but make sure you don’t depend on him entirely. Once you do your own research and understand the market trends well, it will help you in taking the right decision.