Selling a home is not an easy task. If you are planning to sell the home on your own without the help of a seller’s agent, you need to keep a few things in mind before putting your house on the market. Not planning everything properly can lead to all sorts of problems later on.
To help you steer clear through the home selling process, here are a few tips for the first time home sellers:
Don’t Overprice your Property- Deciding on the correct price for your property is the most difficult part of the sale. Though the Real Estate Prices in India have always been appreciating, you should not set an unrealistic price for your property. A little market research is needed for coming at the correct price since the purchasing power of the buyer depends on several economic conditions.
Make a List of Important Documents–
Documentation is also one of the most important tasks. If you have bifurcated the price of your property according to the parking spaces, modifications, etc., mention the same in the deed and keep a proof of it handy. It should also contain a record of the property tax you paid and about the home loan closure, if you opted for it. It is very important to maintain a file of all these documents as they will be needed for the income tax returns you file for the year of sale.