Selling your house or property at best possible price is a tiresome process as the real estate market has been slow for the past few years. Sales have plunged and price of properties are falling due to high inventory. In such circumstances, selling a home is not easy. But what if you had bought it as an investment for goals such as your child’s education or marriage and cannot wait? Don’t worry. We are going to tell you how to get the best possible price, and that too quickly, for your home.
Price your property correctly
The first thing you have to do is to price the property correctly. Price is the most important attraction for buyers and a big differentiator. The right price tag will attract more & more buyers. Remember, pricing your home incorrectly can cost you dearly. In case of both overpricing and under pricing, the owner is guaranteeing that he or she won’t be optimising returns on his or her efforts. In addition under pricing will have lower returns. But if you are overpricing, especially when the market sentiment is not very upbeat, the home may not find any takers. You might also have to spend substantial time and effort to dispose of the property.
Asking for a price that is higher than the market rate will put off the potential buyers. But in today’s sluggish market, where there are very few buyers, it will be pretty tough to sell a house, especially an overpriced one.
“You must look from the buyer’s viewpoint. You should personally visit houses up for sale in the neighbourhood. Ensure that these houses are in the same price range as yours and evaluate them on the basis of design, size, and proximity to infrastructure, connectivity and condition
Compare your asking price with other properties available for sale in the area.
According to the experts, if you want to sell your house quickly, you can give a small discount by keeping the asking price lower than what others are quoting. This will draw more buyers.
Open your home to potential buyers. See their reaction in the first 30 to 40 days. If they are not making offers, it is likely that you have priced the house higher than it deserves.
But what if the house still does not find a buyer? Experts say one can take out the property from the market for some time and re-list it later because owners of residential properties that are not sold for a long period are compelled to cut prices as agents and buyers start asking questions about why it is not being bought.
Determine the Right Price
There are different property websites which provide price data for specific areas. You can also go to local brokers as they know the price trends in their areas.
Do Repairs
First impression is significant. So, a fresh coat of paint will add value to your property. Minor repair works like fixing leaking faucets, broken windows, damaged stairs and chipped-off plaster can have a positive impact on the buyer. The home should look neat, tidy and spacious.
You can also take professional help if required. Home staging with the help of a professional is the best method to score among competitors in a slow market. House staging is preparing your house for sale and involves cleaning, doing repairs and adding furniture.
Selecting broker
It is among the most important aspects. If you don’t have time and don’t want to take the trouble and all the hassle involved, you can go for online portals like zerohomz.com. It will save you a lot of time, effort and energy. The portal will also help you in negotiations and paper work.
Effective advertisement of the property
You can spread the word among friends and relatives. Moreover, you can use social media. Maybe you will get to find a buyer among those known to you. Advertising through online portals like zerohomz has also become very popular over the years as these days most of the potential buyers do basic research online. The main advantage of online listing lies in the fact that you are able to attract some buyers from far-off areas that may not be possible through other conventional methods. As your advertisement is visible to buyers 24×7 and they can contact you through phone or SMS.
But there are certain aspects you should keep in mind while advertising on online portals to make it more effective.
- Take pictures of the house and upload as many as you can. If possible, describe the property, and highlight features like availability of power back-up and furniture.
- You should never provide wrong information. Today buyers are extra cautious and they check the smallest details. Giving false information can lead to cancellation of the sale.
- Another method of differentiating your property is using premium paid services provided by these online portals. This will ensure that your property appears on the top in searches.
- Most real-estate websites offers basic and premium listing options. If any owner wants his property to appear on top, he must deliver full details of the property and take the premium listing options.
- Another service online portal provides is verifying the property by visiting it personally. Posting photos and listing amenities is infinitely more useful when these details are independently verified. Many online portals do it after taking a fee.
Paper Work
All paperwork related to selling and handing over of the property should be kept handy. This will ensure that the deal closes faster. Apart from the sale documents, you should keep proof of prior purchases, property tax receipts and major installations in the home. Both parties should also agree on the payment methods.
Zerohomz.com, an innovative portal
Zerohomz.com is the real estate website that was launched to bridge the gap that exists between buyers and sellers of properties. People can conveniently search for properties in Delhi-NCR over zerohomz.com. We help you in searching flats in Delhi and zero brokerage homes. Zerohomz is an online platform for buying/selling & renting properties that makes it easier to find your new home without paying any brokerage charge.
How it works
Zerohomz is a platform that removes information asymmetry and provides a marketplace for free exchange of the information that used to cost 1-2 months of rent as brokerage. It has also tried to ensure that maximum information is available to you in as convenient format. This ensures that you will get a very good idea of the property even before you visit it. Consequently, you can easily shortlist homes sitting at the comfort of your home bypassing all the hassle involved in the process.
The listing done on zerohomz is very simple. It would take less than 5 minutes and after that, we just verify to make sure that no any broker is listing. We also use innovative and easy technologies like whatsapp to help you list your property. If at any stage if you require any guidance, you can always speak to our customer service manager. We also ensure that any person listing as landlord is not a broker, and thus you do not get any of those annoying calls. Once the listing on zerohomz is done, you would start getting inquiries from genuine tenants.
