7 Things To Know Before Selling Your Home
When you’re selling a home knowledge is power. The more informed you are, the better your decisions will be.
1. Understand the Process
Real estate transactions can be complex due to varying practices across cities and the legalities involved. Before listing your property for sale, you must have an in-depth discussion with your realtor about the entire process. They will guide you through the nuances, from market conditions to legal documentation. Being flexible with property inspections also increases your chances of a successful sale since Buyers can have different availability due to their personal commitments.
2. Be Emotionally Detached
Selling your home can be an emotional experience, especially with the sentimental value attached to properties. However, it’s important to
3. Understand That Buyers Have Different Opinions
Buyers have diverse tastes and preferences, and it’s normal to receive varied feedback. Some may love traditional architectural elements, while others might prefer modern designs. It’s crucial to address legitimate concerns, such as repairs or maintenance issues, before listing. A well-maintained property will attract more serious buyers and facilitate smoother negotiations.
4. First Impressions Matter
First impressions MATTER, and a well-prepared home can make all the difference. De-clutter your space, remove personal items, fix leakage issues, and consider a fresh coat of paint to create an inviting atmosphere. Preparing your home in this manner can lead to quicker sales and better offers. Remember, buyers need to envision themselves in the space, so make it as neutral and welcoming as possible.
5. Your Home Might Not Sell Immediately
The real estate market can be unpredictable, and selling a property may take time. After Covid, Buyer preferences have also evolved and they need larger spaces and amenities. It is important to know that overpricing with the intent of having more scope for negotiation can lead to your home sitting on the market for too long, which can deter potential buyers. Work with your realtor to set a realistic price based on recent comparable sales and market conditions.
6. Know your Numbers
Understanding the financial aspects of buying or selling a home is vital. Sellers should be aware of any obligations such as outstanding home loans, taxes, etc. that might affect their net proceeds. It is important to consult your Accountant / Financial Advisor to get a clear picture of your financial commitments.
7. I don’t need a Real Estate Broker! Really?
Ask yourself, who will be on your side in perhaps the most important transaction of your life. Real estate markets vary even across different suburbs within your city. And hence, a Real Estate Broker with experience, expertise and local knowledge is undoubtedly your best resource. They can provide insights into market trends, buyer preferences, pricing strategy and negotiations.
To identify a reputed Real Estate Broker, your first stop should be your friends and family. You are sure to find a trusted Real Estate Broker from within your network itself. You can also conduct an online search on Google, YouTube, LinkedIn, and Instagram and you will find many skilled and accomplished Brokers who actively market their business and services. You can check for common connections to reach out to these Brokers.
When investing in a new project, it is important to consult a MahaRERA registered Real Estate Broker. They have undergone training and cleared the competency exams to ensure they know the MahaRERA rules and regulations for new projects and the Buyer’s rights.
It’s always better to rely on a Broker who is willing to give time to you and meet you in person instead of a faceless person behind an online portal who has no rapport with you and could easily change jobs in the middle of your transaction. THINK!
To identify a reputed Real Estate Broker, your first stop should be your friends and family. You are sure to find a trusted Real Estate Broker from within your network itself. You can also conduct an online search on Google, YouTube, LinkedIn, and Instagram and you will find many skilled and accomplished Brokers who actively market their business and services. You can check for common connections to reach out to these Brokers.
When investing in a new project, it is important to consult a MahaRERA registered Real Estate Broker. They have undergone training and cleared the competency exams to ensure they know the MahaRERA rules and regulations for new projects and the Buyer’s rights.
It’s always better to rely on a Broker who is willing to give time to you and meet you in person instead of a faceless person behind an online portal who has no rapport with you and could easily change jobs in the middle of your transaction. THINK!
For any queries, email Premier Estates at info@premierestates.in