Things you must do when plan to sell your apartments

If you've been thinking about selling your apartments, now could be the right moment. However, selling apartments is a lengthy process that takes 4-6 months, even in a strong market. However, because there are more sellers than buyers in the current market, referred to as a buyer's market, it may take even longer to sell at a reasonable price. Here are a few key actions to make the selling process go more smoothly.

Prepare your Flats for sale:

Make your apartment stand out above the others for sale in the area by giving it a stronger first impression. There are a lot of sellers on the market right now, but there aren't as many buyers as possible. Differentiating the property in such a situation would be critical since buyers would be spoiled with options. You'll need to "prepare the apartment" if you want to sell it for market value. Minor repairs and modifications can increase the charm and marketability of the home, allowing it to sell faster. When it comes time to sell your home, major repairs and upgrades may provide the best results.

Deciding asking price:

For most independent sellers, deciding on a selling price is challenging. It would help if you were particularly careful when quoting a price for your apartments. It's possible that quoting an unnecessarily high price would deter genuine buyers. While underpricing may result in property value not being realized, overpricing will not attract buyers or brokers. A variety of variables will determine a reasonable fee. However, considering the average sale price of similar houses in the neighborhood in the past 3-6 months is a simple approach to evaluate pricing. Consult property dealers and go through real estate classifieds, publications, and property-specific portals.

Pay off all your debts:

Before placing your apartment for sale on the market, make sure all of your obligations are paid up to date, including utility bills, society dues, and property taxes. Please inquire about the transfer costs and requirements that apply in the society where your property is located, and make sure you understand them.

Documents should be kept on hand:

You should have the original sale paperwork or transfer deed with you. If you bought it from a housing development authority or a developer, you need to 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 community. Furthermore, if you bought the property with the help of a financial institution, make sure you have the encumbrance certificate or if the loan has been paid off the loan clearing certificate. You may also keep a copy of the loan statement as documentation, which will indicate the outstanding loan amount and other pertinent information.