5 Important Things a First Time Home Seller Must Keep in Mind – Rahul Bedi

Chandigarh, July 18, 2016: Selling a home is not as easy as putting up “FOR SALE” board outside the front gate, especially if it’s your first time. Given the slow market, unsold units, and lukewarm demands, finding a home buyer and then sell it at the desired prices is an uphill task. It also involves complex transactions, tricky paperwork, and exhaustive home staging. Being a first time home seller with no experience, you may find these things complicated.

But fret not! You can sell your home on best possible rates and that too quickly by following the steps given below:

Make Your Home Look Attractive:

Why should a buyer pay you big for a distressed home? Leakages, big visible wall cracks, worn out kitchen tiles and bathroom in a creepy state will even turn you off, let alone the potential home buyer. On the other hand, an attractive property makes a buyer nod over your price tag. So, consider the home revamping as your utmost priority with these steps:

• Start with the paint job and use light shades as they make your room look more spacious.
• Cover the nail holes and cracks with putty.
• Upgrade door and windows.
• Replace all switch plates, leaky faucets, and fused bulbs.
• Fix the floor tiles and get the floor polished.
• De-clutter the entire area.
• Fix Kitchens’ drawers, cupboards, and countertop or replace them if necessary.
• Upgrade the bathroom with a new toilet seat, tiles, and faucets.

Set the Right Price:

How much you’re expecting from a buyer? The buying party can withdraw from the deal on finding your home overpriced. Similarly, listing home on a lower rate than the actual value is not a profitable deal at all. An optimal solution is that you must set reasonable rates according to the market value and the similar houses sold in your area. For that, you can approach a property dealer to know the market value of your area. You can also check the rates over some real estate websites. Besides, a discount (can be of 5%) attracts the buyer if there are more properties on the sale in same price category in your neighborhood.

Hire a Real Estate Agent:

With the commitments and job hours around, it’s hard to save time and energy for the interested party to show your home. In this scenario, you can hire a broker for that task who does everything for you, from entertaining the party to the paperwork. Needless to say, you must choose the reliable agent having good track record, for which you can ask your friends and family for a reference. Check if his commissions are genuine by comparing it with other brokers.

Find a Buyer:

Now that’s the real part of the game! Finding a buyer for your home is bit easy if you’ve hired a broker. Otherwise, these things help you fishing the home buyer:

• Approach the tenants living in your vicinity as they may be looking for a home around.
  • Ask your relatives and friends.
  • Use social media networks and online listing sites as buyers use these platforms more to search properties. If you’re listing the property online, make sure to give correct information and upload the photos of your home from each angle. Here is the example of a perfect listing with sample images, sneak peak of the rooms, location info, and everything a buyer would love to know before striking the final deal.

Organise Your Paperwork:

Either a Sale Deed missing from the documents set or you’ve no idea where you’ve kept NOC. And not having the complete property documents at the time of purchase can cost you a deal. Keeping your paperwork ready not only avoid last minute hassle but also help in closing the deal quickly. Make sure your paperwork checklist includes:

• Letter of Allotment
  • Sale Deed
  • Approved Building Plan
  • NOC
  • Ownership Transfer Letter
  • Encumbrance Certificate

With the help of these tips, you’re on the way to find a buyer for your home.

Additional Helpful Home Selling Reference Link:

• First Time Home Selling Tips

The article is contributed by Rahul Bedi who is a blogger and editor at NK Sharma Group. NK Sharma Group is one of the leading real estate developers in Zirakpur near Chandigarh.

Corporate Comm India(CCI Newswire)