Monday, 12 October 2015

Planning to sell your Home? Effective Strategies to adopt.

If you want to sell your existing flat, get systematic. Remember that any hesitancy on your part while describing its features to a prospective buyer can be interpreted as having some flaws to hide.

- Prepare a brief summary of its attributes such as 
  • exact built-up area as well as 
  • carpet area, 
  • year of construction of building, 
  • formation of society, 
  • monthly outgoing, 
  • transfer fees charged by society, 
  • number of bedrooms and
  • sizes of each bedroom, hall, kitchen, toilet blocks, etc, 
  • sketch or floor plan of the flat with directions i.e. north, south, east and west 
  • as well as the floor on which your flat is located, 
  • the number of lifts in the building and which company's lifts.

If you are selling the flat with fitting and furniture, the list of furniture should be prepared. 

Whether you have covered car parking or open-to-sky parking should also be listed. 

Memorise the list and you will be able to market your home in a much better way.

Don't overlook the obvious - sometimes you can find a ready buyer of a flat in the same building in which you are staying. It is possible that a large family consisting of a father and married son/s or a joint family of 2/3 married brothers may be staying together in a single flat. If such families can afford your house, they will be willing to pay a better price.

You can also put on notice board of your building, your intention to sell the house so that all residents in the building and through them their relatives and friends come to know.

Also communicate with your friends and relatives your desire to change your old home for a new large or better home, so that in case they come across someone interested in your old home, they would let you know. 

You may even find that one of them is interested in acquiring your home.

By and large transactions of selling old property take place through estate agents who by their contacts and information data available with them, find a ready buyer.

The amount of commission generally charged by Estate agents is 2% of the sale value of the property, against which you are entitled to full services and proper guidance from the appointed estate agent to complete the transaction to your satisfaction. Happy selling.

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