Things to Do Before Listing your Home Up for Sale


Date: 27-October,2021Last Updated:
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Make your home stand out from the other homes for sale in the neighborhood by giving it a stronger first impression!

In such a case, differentiating the property would be critical, as buyers would be spoiled for choice. If you want to put your home for sale at market value, you must prepare it before listing it. Minor repairs and upgrades can increase the property's appeal and marketability, allowing it to sell more quickly. Major repairs and upgrades may yield the best results when it comes to selling your home.

Repairing and renovating the property makes it more appealing, which raises the value of the property. The bathrooms and kitchen are the most cost-effective rooms to remodel in a house. Newly renovated cooking areas, cabinets, and slabs always add value. It may help to explain a higher selling price; however, the price will not exceed the current market rate in the area.

Let us look at a few things to do before listing your home for sale...

1. Set a Price

For most individual sellers, determining a selling price is a difficult task. When quoting a price for your home, you should exercise extreme caution. It's possible that quoting an unnecessarily high price will turn off genuine buyers. Underpricing may result in the property's value not being realized, whereas overpricing will not pique the interest of buyers or brokers. A variety of factors will influence a reasonable price. Taking the average sale price of similar houses sold in the neighborhood in the last 3-6 months, on the other hand, is a simple way to evaluate price. Consult with real estate agents and browse real estate classifieds, publications, and property-specific portals.

2. Clear the Dues

Before you decide to put your home on the market for sale, make sure all of your obligations are paid up to date, including utility bills, society dues, and property taxes. Inquire about, and understand the transfer fees and formalities that apply in the society where your property is located.

3. Keep all the Necessary Documentation Ready

You should have the original sale document or transfer deed with you. If you bought it from a housing development authority or a developer, you should have the allocation letter, sale agreement, and possession letter. A no-objection certificate from the society is required if you live in a gated or group housing society. Furthermore, if you obtained the property with the assistance of a financial institution, ensure that you have the encumbrance certificate or the loan has been paid off, the loan clearing certificate. You must also keep a copy of the loan statement as proof, as it will show the outstanding loan amount and other relevant information.

4. Obtain Assistance

As previously said, because this is a buyer's market, you should strive to contact as many potential buyers as possible. You could use real estate agents as well as publish ads in property classifieds and realty portals besides word of mouth.

Finding a competent agent is crucial since they can guide the seller through the entire process. You can also use realty portals on the internet. This will save you money on brokerage fees, which you would have to pay if you sold through a regular broker. Keep in mind, though, that using a portal to sell your home means you'll have to handle all of the paperwork yourself.

For instance, you can post your property for free on Homes247.in; once you list your home for sale, the ad stays on until you decide to take it off. There is no middle man, all the prospective buyers reach out to you, and the whole process is absolutely free of any brokerage.

5. Make the Listing

The process of listing your property on a portal is simple. Basic property information, such as the type of property, specific address, selling price (if you want to sell), or tentative rent, must be provided in a standardized format (if you want to rent it out). You can also include details like the date of construction, the date of possession, the type of ownership, and so on. Upload a photo of the property if you have the option. Giving information about the neighbors, the neighborhood, or the nearby hospitals, schools, markets, and clubs can also help with the sale or rental of a property.

After posting your property, keep it updated at regular intervals, such as every 2-3 days. It would keep your property among the first few options when someone searches for similar properties. When you receive a property inquiry, respond as soon as possible—it is recommended that you respond within an hour.

These are some of the factors that could help the sale go more smoothly. However, keep in mind that real estate is a heterogeneous product, which means that what influences property values and market conditions in one location may not influence them in another. Conduct research to determine what factors must be considered and whether the time is right to sell your home.

A segment of the real estate market believes that capital values will rise over the next three to four quarters and that it is prudent to wait, at least for those who can afford it.

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