Selling a house or any other property can be challenging without proper planning. Whether it is relocation to another city for a job or the need to buy a bigger house, a property owner may have specific reasons to sell a house or property quickly. The decision to sell a house can be emotionally challenging and time-consuming, especially for first-time sellers. Moreover, the typical challenge one faces is it may take months or even years for the property to get sold after it is put for sale. However, there are effective ways in which one can simplify the home selling process and sell their property to genuine buyers.
Learn how to identify a serious buyer while selling property
How to sell a property fast?
Study market trends
Property owners must have a fair understanding of the current market trends. This is necessary to avoid selling a property at a lower price.
- Search for similar properties: Find out the properties that were recently sold in your area and their prices. Compare the properties based on the parameters such as pricing, carpet area and other features or amenities. A thorough property valuation is necessary for an attractive property deal.
- Fix a competitive price: Fixing a higher price for a property in a lower-priced locality may not attract many buyers. Similarly, under-pricing the house may bring more buyers, but you may not get the right amount for which the property is worth. You can get help from online real estate portals. It will help you price your property accurately.
- Look for favourable time based on market trends: Studying the market will also give you an idea of the right market climate and season. Selling a property in a declining market may not be beneficial. This is the time when sellers are more than the buyers, leading a drop in prices. In this scenario, one may typically witness high interest rates and undesirable business conditions. Wait for the right season when you will find maximum buyers looking for a property. Festive seasons are considered an auspicious time to buy a house or make investments, which makes things easier for you.
Assess property demand in your locality
Property prices vary depending on the location. They differ from city to city and from locality to locality within the same city. Moreover, some areas tend to have a higher demand than others. This demand is influenced by factors such as infrastructure and other facilities. For example, the availability of reputed schools, colleges, healthcare centres, shopping hubs, etc., impacts the demand for residential properties in an area. An upcoming metro link or any infrastructure project can result in a rise in property prices. It is important to consider these points when fixing a price for your property.
List your property online
Digitisation has transformed the process of buying and selling homes. One effective way to sell a property faster is to choose a prominent real estate portal and register the property online. This is an effective technique to advertise your property and attract serious buyers who may be looking for a suitable property. This is a cost-effective method that is sure to capture buyers’ attention. Moreover, it saves a lot of time compared to the traditional process, where prospective buyers are required to visit many times physically, with the possibility of the deal not working out.
Hence, listing the property on an online portal can minimise the stress and help one reach out to a wider audience. Some tips on how to sell your house quickly are mentioned below:
- Click good pictures: Click pictures of each room of your house and showcase their best features or USPs by mentioning them in the description. Pictures of additional spaces such as balcony or garden should be included to give the buyers a clearer picture.
- Add a good description: Make sure to add relevant details about your house, such as the type of property, number of rooms, carpet area, flooring type, and amenities. Mention the property’s USPs to help potential buyers make an informed decision.
- Include a video tour: You can also add a video giving a virtual tour of your house to prospective buyers. Since buyers are not present at the property, a video will help them visualise how the property would actually look.
- Respond to buyers on time: When trying to sell a house fast, it is essential to communicate with prospective buyers and respond to their queries on time. This is important as buyers may move on to the next seller if they have to keep waiting to get a response from the seller.
Declutter the house, complete repairs
Home staging is one of the foremost steps before finally selling a property. Start by decluttering the house and discarding any unwanted items. Property owners must undertake the necessary repair works or renovation before putting the property up for sale. Moreover, renovating your house can help increase its value in the property market.
Some examples of minor repairs which may be necessary include:
- Adding a fresh coat of paint to the walls.
- Fixing loose tiles in the kitchen or bathroom.
- Inspecting the plumbing systems and repairing leaky faucets.
- Fixing loose hinges on doors or cabinets.
- Replacing stuck drawer tracks.
- Refinishing hardwood floors.
You can consider hiring professional services to prepare your house for sale. It is also essential to consider the expenses involved when getting your house ready for sale.
Highlight the USP of your home
If your property is Vastu compliant or has a Unique Selling Proposition (USP), let it draw the attention of potential buyers. Some features could be a stunning view from the balcony, a beautiful garden or an additional room.
Enhance your property’s visual appeal
If you are looking to sell a property quickly, it is necessary to make it look inviting from the outside to create a good first impression on prospective buyers. Make sure your house exterior walls are well-painted and the ground is clean and clutter-free. If there is a lawn, mow the grass and take care of the plants. You can even beautify the property by placing flower planters and light fixtures.
Choose the right real estate agent
Real estate agents or brokers have a proper understanding of the market and may help sell a property fast. Hiring an experienced agent who knows the market and has dealt with sellers in your situations in the past may be beneficial. Connect with at least three or four brokers to assess your property and get details of similar properties they sold recently. You can even speak to their previous clients or inspect the properties they sold to get a better picture. It may benefit you if the broker has an online presence.
Be flexible
It may happen that a buyer prefers to move into the house before you are ready to move out. Stay flexible in accommodating their needs, even if it means they may have to reside in a rented house for some time. Similarly, it helps if you could accommodate the timing of your prospective buyers who may come to visit your house. In the absence of your broker, consider supervising your home viewing. Restricted and inflexible viewing timings can put off buyers.
Offer incentives to brokers
Consider providing your broker with additional incentives, such as 0.5%. This can encourage them to make the extra effort to get the property deal for you. This is an important tip to follow if you are looking to sell a house quickly in a buyer’s market.
Housing.com News Viewpoint
Selling a house is a financial decision that must be made carefully. At the same time, if you are a property owner looking to sell your property fast, it is essential to take into account several factors, including the option to list your property online. Portals such as Housing.com allow you to showcase your property and get in touch with reliable buyers.
FAQs
What is the fastest way to sell a property?
You can approach an experienced property broker with an online presence who has a thorough understanding of the market and can help you find genuine buyers.
How can I sell my house quickly?
When looking to sell your house fast, start by fixing the right price for your property based on the market trends. List the property online. Undertake necessary repairs and highlight the property’s USPs.
Which types of homes sell the fastest?
Properties that are affordably priced tend to attract more buyers. Expensive houses may find few buyers and take more time to sell.
What kind of homes are the most popular in India?
The most popular type of residential property is apartments in gated societies. These houses come with several amenities and 24/7 security. Other similar properties include Villas, bungalows, eco-friendly homes and farmhouses.
Who can sell a property online?
A property can be listed online by the property owner or the real estate broker. One must put the relevant details to post the ad online.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |