The best way to sell your property
Jul 25, 2017 Home Trading Steps
There comes a time when the property you bought thinking it will fit your requirements in the future as well, but it doesn’t. There is no other option but to sell the property and buy the property that will meet your current needs and requirements. But selling a property is a hectic job in its own way. From finding the right buyer to the paperwork, everything needs to do with proper caution. Most of us cannot maintain the burden of paying EMIS for two properties and hence, selling one off is a priority.
We discuss the best ways to sell the property so that you make the best deal out of it:
1. Check the prices of the comparable properties:
Assess your property according to the similar properties in the area. Buyer will buy the property that is feasible to him and a better deal. If you are pricing it too high than other properties in the area, then there are chances there will be less willing buyers. On the other hand, if you price it too low, then you are not making the required profit that you could have made out of it. Do a proper research before pricing your property.
2. Quote the right price:
The presence or absence of basic necessity nearby the property also affects its price. Like the distance of the property to the airport, hospital, bus stand, school etc. The condition of roads and proper supply of water and electricity etc also affect the same. The price of the property with a good access to the daily commute and properly maintained roads are higher than the ones that do not have such facilities.
3. Proxy discount on the property:
It is a physiological factor that the discounts give the buyers immense satisfaction. Giving the buyers a discount will help build a good relationship and trust with the buyer. But does that mean that the seller should suffer by selling the property at the discounted rate? No. give the buyers a proxy discount. For example, if you are planning the give the buyers a 15- 20 percent discount on the property, then quote the price of the property 15- 20 percent higher so that after you offer the discount, you will not suffer and it will give the buyer a satisfaction of a good deal.
4. Put yourself in the place of the buyer:
When you are thinking as a seller, then you would want to fetch as much higher price for the property as much you can. But for a buyer, the price of the property shall be such that it suits his pocket without burning a hole. Think like a buyer and seller both and then quote the right price.
5. Find out if the buyer is genuinely interested:
Try to find out if the buyer is genuinely interested or just increasing the price of the property by quoting higher amount. Finding the difference between the genuine buyer and the fake one is very important aspect while selling the property.
We discuss the best ways to sell the property so that you make the best deal out of it:
1. Check the prices of the comparable properties:
Assess your property according to the similar properties in the area. Buyer will buy the property that is feasible to him and a better deal. If you are pricing it too high than other properties in the area, then there are chances there will be less willing buyers. On the other hand, if you price it too low, then you are not making the required profit that you could have made out of it. Do a proper research before pricing your property.
2. Quote the right price:
The presence or absence of basic necessity nearby the property also affects its price. Like the distance of the property to the airport, hospital, bus stand, school etc. The condition of roads and proper supply of water and electricity etc also affect the same. The price of the property with a good access to the daily commute and properly maintained roads are higher than the ones that do not have such facilities.
3. Proxy discount on the property:
It is a physiological factor that the discounts give the buyers immense satisfaction. Giving the buyers a discount will help build a good relationship and trust with the buyer. But does that mean that the seller should suffer by selling the property at the discounted rate? No. give the buyers a proxy discount. For example, if you are planning the give the buyers a 15- 20 percent discount on the property, then quote the price of the property 15- 20 percent higher so that after you offer the discount, you will not suffer and it will give the buyer a satisfaction of a good deal.
4. Put yourself in the place of the buyer:
When you are thinking as a seller, then you would want to fetch as much higher price for the property as much you can. But for a buyer, the price of the property shall be such that it suits his pocket without burning a hole. Think like a buyer and seller both and then quote the right price.
5. Find out if the buyer is genuinely interested:
Try to find out if the buyer is genuinely interested or just increasing the price of the property by quoting higher amount. Finding the difference between the genuine buyer and the fake one is very important aspect while selling the property.
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