Easy ways for Selling Property

Real Estate in India is going a dynamic phase with considerable small and large scale dealings taking place on daily basis. With the rising prices, it seems to be a lucrative investment opportunity that can give high returns. While selling property needs to be handled with smartness to get the best price
 'My Reality India" here explains best easy tips for selling real estate property in India.

1. Evaluate the property price:

First determine the property (House/flat/plot) price and value. Search a good quality real estate agent. If you decide to use an agent, hire a good one to help you sell your home. Talk to relatives, friends and co-workers to see if any have worked with an agent that they recommend. You need to make sure you feel comfortable with your agent to make sure your house sells quickly and efficiently. Ask the real estate agent, which is the market value of the property.
 Also, examine with near by  people. Then determine selling price of  your house.
The price will be near by the original market value. For this consider, Location and Condition of property, prevailing rates in that area.Then the property sell quickly and easily.  Another option is to hire professional agencies to assess the value of your property. Fair pricing of the property is very essential. Do not intimidate your buyer by demanding too much money for the property, nor make it a losing deal for yourself

2. Find A Prospective Buyer

While selling a property, is to find a prospective buyer. You may resort to classified advertising in newspapers or websites, for the purpose. Now a days, many newspapers and websites/blogs are gives free advertising. Another idea is to approach professional agents to find who is looking for a property.
While approaching a real estate broker, you should check the track record and reputation of that consultant, from market sources.  You may also rely on word of mouth, to identify your potential purchaser. Also say to relatives, friends and co-workers. Also check the credentials of the purchaser in terms of his background, financial capabilities and reliability.

3. Repair the house:

As the buyers invest their hard earned money in it they obviously lookout for good condition property. Check to see if it requires any plumbing work, maintenance (like cracked walls), or renovation and get it fixed. Make sure your house looks the best it can. Consider painting walls. Keep your home as clean as possible.
        * Replace cracked floor or counter tiles.
        * Patch holes in walls.
        * Fix leaky faucets.
       * Fix doors that don't close properly and kitchen drawers that jam.
      *   Wash windows inside and out.
       

4. Ensure  the property owner

Needs to be taken is to check all the documents stating that the property is yours name or get it transferred properly in your name before entering a agreement. To confirm this, you need to get the property deed checked beforehand by a lawyer.

5. Clear all Dues:

A deciding factor for the buyer is that the property should be free from any dues and issues. It presents a clear picture and raises the value of the property in the eyes of the buyer if all the bills, Charges and taxes are already paid, for e.g. water, electricity bills and property tax, society charges, maintenance charges.. Do remember to have all the receipts in hand at the time of the deal. It gives a good opinion about you and your property. It is very important that previous encumbrances and loans if any, on the property should be cleared before completion of its purchase.

6. All documents in one place

To begin with, list out any and every documents or all deeds of title related to the property. If clear copies are not available then you may do well to get true copies of the same from the local Sub-Registrar Office. The potential buyer may require legible copies of the same. Parent documents, lay out plan, EC, patta and other documents and xeros are put in one file. It is very useful to buyer.

It is a good idea to check with the buyer if he has already processed a loan application for the purchase of the property. If yes, check to see if he has a supporting pre-approval letter from the Banking Institution.

7. No Objection Certificates

After having satisfied yourself about the credentials and financial abilities of the buyer, the next step is to communicate the society/governing body of the building of your intention to sell your property to a specific buyer. In addition to this, you should obtain a 'No Objection Certificate' (NOC) from the governing body, for the same. It is best way to get a NOC when deciding  the sale of property.
Securing No Objection Certificates from Municipal Corporation, The competent authority under the Urban Land Ceiling and Regulation Act, Society etc. is essential.

Happy Selling Property..       

Also read

Plots of land : 20 things to consider before buying plot
Pros & cons of Indian real estate investment options
Indian real estate direct and indirect options

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