If you are planning to list your home to sell it, follow this checklist, to ensure a smooth experience for yourself and your new buyer. Here’s a list of 6 things to do before you sell your home
1.Get the property’s valuation done
Once you have got determined to sell the house, the primary factor you need to look upon is to get the property’s valuation done. whereas variety of advisors and agencies present in the market which can do the property evaluation, you’ll conjointly do some analysis yourself, by checking on-line property listings to know the prevalent per square ft. rate in your neighborhood. you’ll then calculate the depreciation of the property, considering the property type. If you’re planning to rent a property agent to sell the house, he will be able to assist you together with your property’s price when considering the type of property, amenities and different facilities available with the property.
2.Informing the housing society
If you live in a gated community, you’ll have to inform your housing society or the administration, to get a no-objection certificate (NOC). this is often a crucial step within the process, because the new buyer would require these documents for the due diligence. Moreover, since all the amenities would need to be transferred to the new buyer, an NOC will be a mandatory document to get from the housing society.
3.Collect all essential documents
Apart from the housing society’s NOC, you would also need other important legal documents to proceed with the property’s sale. These include:
- Encumbrance certificate: This document will prove that there are not any pending dues on the property or any quite unpaid mortgage.
- Previous sale deed: If the property has changed hands multiple times, it’s important that you simply maintain the chain of sale deed, because it would be easier for the new buyer to do the due diligence.
- Sanctioned plan: If you’re selling an independent home, the sanctioned plan/map approved by the authority is one document that you simply need to present to the new buyer, to prove that the construction is legal
- Sale agreement: If you’re selling an under-construction apartment, you’ll need to present the sale agreement signed by the developer. This agreement is going to be then transferred to the new buyer
- Letter of allotment: This is a document that proves the allotment of the property to the seller who has originally purchased the property from the relevant society/authority/developer.
4. Prepare the home for staging
As soon as all the documents are prepared, now you can consider staging your home for buyers to visit. If possible, Emptying the home before putting it on the market for selling, as it will help the other parties to visualize the space more imaginatively. If your property is very old, make sure you tell the buyer if there are plumbing, seepage or any other kind of problems. You can also renovate the home before selling it, to sell at a better price. However, you need to consider if the cost incurred in renovation is worth spending, especially if the property is very old and a new buyer would rather prefer renovating it from scratch.
5.Listing the property/contact the broker
After you have decided on the above factors, it is time to do the marketing of your property to the buyers. With online buying gaining importance, you can start listing your property on online property websites such as Apna Ghar, where thousands of buyers browse property options every minute. You can also contact property agents, to help you search and find out buyers through their network. While property portals are free, brokers would charge a commission, based on the deal amount.
6.Take pictures and videos for sharing
Buyers these days prefer to see the pictures and videos of the property, before the site visit as it saves time for both the parties. For this, you can hire a professional photographer. You can also use your smartphone to Take basic pictures and videos. Share these with your broker or on your property listing to make it more engaging.