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Is it the right time to sell?

Lifestyle changes are often the reason behind our decision to sell. Whether you are relocating, have a growing family or are downsizing, working out when to time your sale can be daunting – especially for first-time sellers. Your decision to sell your property may not coincide with the perfect market conditions. Therefore it is important to know what is happening in the property market and the economy as a whole, as the real estate market generally reflects the current state of the broader economy.

"Remember – if property prices are low, you may get less for your house than you hoped, but you'll probably pay less for the house you intend to buy – and vice versa when prices are high. "

How much is your house worth?

As a vendor, you want to get the highest possible price for your property. However, setting an unrealistic price will deter buyers. The value of your property can depend on factors such as:

  • 1) The state of the market.
  • 2) Current interest rates.
  • 3) The type of property.
  • 4) The sold prices of similar properties in the area.

Ultimately the market will decide what it is prepared to pay, but you need a realistic starting point. Experienced local real estate agents can provide the best indication. Many sellers ask two or three agents to get an idea.

How presenting the house to the buyers?

The way you present your house to the buyers plays an important role in the selling process. Ensure few things:

  • 1) The house is neat and free from all kind of bad odors.
  • 2) Floors are clean.
  • 3) Put on the lights so that the house looks illuminated.
  • 4) Open up the windows if the air is fresh.
  • 5) Make the buyers have a look at all the appliances.

 

Why renovation is important?

More attractive the house looks more appropriately you get the returns on it. So, renovation work has to be carried out in order to increase the face value of a house. Following are the areas where renovation needs to be done:

  • 1) Wood work- house with attractive and well-maintained wood work is always preferred and is priced higher.
  • 2) Flooring- Seeing the contemporary demands, flooring of a house should be up-to-date. Use of tiles, marbles etc. add life to the flooring.
  • 3) Paint- Market is flooded with a variety of enamel, oil and textured paints. A house that is suitably painted is alluring and appealing to the buyers.

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