THINGS TO KEEP IN MIND BEFORE SELLING YOUR HOME
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Looking to sell your home,
but are clue less how to go about it? Are you confused about employing
an agent or unsure what to do with the furniture? Here's a handy guide:
BE YOUR OWN AGENT
Do not involve a middle man unless and until you are not able to locate suitable buyers. It's always better to interact with your prospective buyers yourself and tell them the history of the house.There are several websites on which you can list your house and provide complete details. You can keep your friends and relatives informed, so that they can pass on the information.
FIX THE PRICE BEFOREHAND
Manohar Natraj, an investment banker, says, “Enquire about the market value of the locality where your house is from experts, take into account the age of the house and the depreciation value as well. You can ask your stock broker or a friendly construction businessman about the techniques of pricing. Always be willing to reduce a marginal amount.“
BRACE YOUR EMOTIONS
Selling a house is a difficult task, especially if you are emotionally attached to the house. According to Reshma Shinde, who recently purchased a house, “The previous owners had been residing in the place for more than 30 years. I gave them my word that I would take good care of the house and that they can visit whenever they are in the city. It was only then that they were at peace.“ Says Mathur K, a house agent, “The owners have to always be available to show the place to interested buyers.“
DECK UP THE HOUSE
Ensure the house is spick and span, and nothing is broken or in bad shape.Decorating it tastefully will increase your chances of selling it faster. Mathur adds, “Light up the house and arrange furnitures such that the house looks spacious. But, make sure you don't upgrade your house before selling it because it will be a big loss for you, and the prospective buyer might have other plans as well. Also, tell them clearly what furnitures and fixtures you are leaving behind.“
KEEP NO SECRETS
Once you've struck the deal, keep nothing a secret from the buyer. Tell him the history of the house. Make sure the papers and legal documents are in place and there is no confusion about the ownership.Assure them that you are always available in the future to sort out any complications.
Do not involve a middle man unless and until you are not able to locate suitable buyers. It's always better to interact with your prospective buyers yourself and tell them the history of the house.There are several websites on which you can list your house and provide complete details. You can keep your friends and relatives informed, so that they can pass on the information.
FIX THE PRICE BEFOREHAND
Manohar Natraj, an investment banker, says, “Enquire about the market value of the locality where your house is from experts, take into account the age of the house and the depreciation value as well. You can ask your stock broker or a friendly construction businessman about the techniques of pricing. Always be willing to reduce a marginal amount.“
BRACE YOUR EMOTIONS
Selling a house is a difficult task, especially if you are emotionally attached to the house. According to Reshma Shinde, who recently purchased a house, “The previous owners had been residing in the place for more than 30 years. I gave them my word that I would take good care of the house and that they can visit whenever they are in the city. It was only then that they were at peace.“ Says Mathur K, a house agent, “The owners have to always be available to show the place to interested buyers.“
DECK UP THE HOUSE
Ensure the house is spick and span, and nothing is broken or in bad shape.Decorating it tastefully will increase your chances of selling it faster. Mathur adds, “Light up the house and arrange furnitures such that the house looks spacious. But, make sure you don't upgrade your house before selling it because it will be a big loss for you, and the prospective buyer might have other plans as well. Also, tell them clearly what furnitures and fixtures you are leaving behind.“
KEEP NO SECRETS
Once you've struck the deal, keep nothing a secret from the buyer. Tell him the history of the house. Make sure the papers and legal documents are in place and there is no confusion about the ownership.Assure them that you are always available in the future to sort out any complications.
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