Selling a house is more than just listing it on good property website. The amount of work it takes to find the right buyer and right price, can be pretty daunting. Along with the herculean tasks, there is money issue too. Right from hiring a realtor to implementing ways to making your house look good and finding the right buyer, the amount of cash outflow is pretty high.
But you don’t need to bear it all. Yes! You can save a large chunk of money and still find the perfect match for your house. The major item that you can save on is Realtor’s Commission.
Before we start, let’s find out how much commission an agent earns on one deal worldwide. The commission charge is explained below:
Did you see how much you pay as an extra amount?
While this image shows a worldwide picture, in India the average commission rate is just 1%. Although in developed cities like Pune, it can go up to 2% too.
In either case, the final amount that goes as commission can still be pretty high.
If you too own a Property in Pune or similar cities that demand high commission because of its face value, it’s time to choose a different route.
Today we will discuss how you can make a good property deal without any help.
First be emotionally prepared to save the hefty agent’s fees by selling the house yourself, then roll up your sleeves.
Remember it’s not going to be easy, you will need dedication. But before you list your house in the Property for sale in Pune section of some popular realty website; know the right way of selling your house without any help.
The correct ways to do this are:
1. Do research
Familiarize yourself with all the terminologies of the Real Estate market. Read the contracts and paperwork, and find out from where you can get them made. Get in contact with lawyers, appraiser if you need one, and other important people. It’s very important that you know all this before starting with the sales process.
2. Work on your house
After knowing the nitty-gritties of the real estate buying and selling market, the next thing is to work on your house. Fix all the damages, replace defective thing, touch up paint, etc. At this stage, you only need to focus on making your house look proper.
3. Price the house
Thirdly, price your house correctly. Don’t get too emotional and put a high price. At the same time don’t undervalue your house. The best ways to know the price that will attract maximum potential buyers are: Check the price trendin Pune according to your locality, ask other sellers in the same locality.
4. Make buyers know that your house is on sale
List your property on major real estate website’s sale section. Other ways can be to: Advertise on local newspapers, use social media or forums, etc. Use all the possible methods to create awareness and attract the right target. Here, make sure you opt for a price friendly and efficient method.
Be ready to get flooded with offers. Have a fixed base line in your head, based on the price trends. This will help you from getting into a bad deal. You can bring in some attorney if you are not comfortable with negotiations.
6. The deal
The last thing left is closing the deal. Make sure you have all the paperwork ready. Be prepared for delays in payment; but assign a fixed amount of money that need to be paid over and above the main amount, after allotted fixed days of delay.
Following all the above mentioned steps will ensure that you get the right buyer on time. In the end, all your hard work and dedication comes down to one thing –your house finds a good match, in time.
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