When a tenant leaves or you decide it’s time to sell or rent out your home, what can you do as an owner to speed up the process? People say it might take months or even years for owners to find buyers or tenants, but here at NoBroker, we’ve seen houses go off the market in as little time as an hour!
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We’re going to share the magic formula that helps these owners find interested parties so fast. Here are a few helpful points-
Good photos
NoBroker stats show us that houses or commercial properties with photos, especially good, clear pictures get noticed more. There are 5 times higher interactions and faster rent outs for these properties! When there are thousands of options to choose from, a good photo can help your home stand out and grab attention faster. You can read this article to know how to get the best pictures of your property.
Detailed Descriptions
Listing out all the details of your property make it easier for interested parties to make quicker decisions. Most of them have a fair idea of what they are looking for, and if you mention all the features, amenities, and more that your property has, there is nothing left to wonder about. List out important things like –
- Parking availability
- The direction of the house (i.e. East facing house)
- 24/7 power backup
- Availability of shuttle or public transport
- Centralised AC/Heating and so on.
Right Pricing
A lot of the time owners tend to value their homes much higher than the home’s market value. This is only natural as an owner have an emotional attachment to their property and thus are biased towards their property. Unfortunately, buyers and tenants are looking for fair prices and not overpriced options. This is when the NoBroker Rent-o-meter comes in handy, the Rent-o-meter will help you see how the rent of your property fairs as compared to the rent of other similar properties. This will help you set a fair price so that more people are interested in it.
Read: Tax On Rental Income: Exemptions and Deductions
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Add Value and Maintain Your Property
When a tenant or interested buyer visits your home, they look to see if it fits the description and if the property is in good condition. No one will choose to rent or buy a property that is falling apart, damaged or run-down. Just a few simple additions or just a good cleaning/painting job can make your property look much more attractive. You can check out the services NoBroker by clicking here, these simple things can transform your property and help you close the deal faster.
Choose The Right Method to Rent/Sell Your Property
There are many ways to get tenants and buyers, you can try word of mouth, taking an ad out in newspapers, posting flyers, hanging signs or using online portals. When you choose an option like NoBroker your expense for posting an ad is ZERO and you get access to a HUGE customer base in minutes! The audience that gets to see your property is much larger and since there is ZERO BROKERAGE, the likelihood of them choosing your property on this website is much higher. This is a sure-fire way to rent/sell your property faster.
5 best platforms to Get a Tenant or Buyer Fast
1. 99 Acres
99-Acres offers a mobile phone app and website that offers the user to make rental listings and search for them as well. 99 acres has commercial as well as residential listings.
2. Magic Bricks
In addition to being able to add your property listings in the MagicBricks portal, you can use a premium service to arrange a photographer to take photos that will be uploaded in your property advertisements, which will help you get tenants quicker.
Read: Increase Rental Yield: Tips to Rent out Your House
3. Housing.com
Housing.com connects homeowners, landlords, developers and real estate brokers. You can list your home on the platform with photos and other critical pieces of information such as the rent, security deposit amount, size and configuration of the home and you will be contacted by real estate brokers, real estate agencies and tenants.
4. Nestaway
Nestaway labels itself as a home solutions firm which aims at solving the problem of finding a home in a big city. Boasting 400,000 tenants across 10 cities, Nestaway might be the platform of your choice for finding a tenant for your home.
5. NoBroker
What makes NoBroker stand out from its competition is that NoBroker, as the name suggests, guarantees a brokerage-free home renting or selling experience. The user-friendly interface and search options make the NoBroker application a favourite for tenants and home buyers alike. NoBroker also offers property management services, meaning all the assistance and manpower needed to keep your property in good condition and occupied will be taken care of by NoBroker.
If you need more help, advice or assistance, visit our website- NoBroker.com You can even get a relationship manager, they will guide you through the process of renting out your home or selling your home. This makes the whole process stress-free and much faster. Click below for more details.
Read: Personalize Your Rental Homes the Right Way
FAQ’s
1. What are some of the best methods to find a rental home?
Ans. Finding a rental home that suits all your needs and perfectly falls under your budget can be a tough task. However, with the boom of the internet era, it’s very convenient for property buyers and renters to search for the best properties online. Some of the best methods over the year to find a rental home are:
Social media search groups
Word of mouth
Go old school, search physically
Hire experts from companies like NoBroker
2. What are some pro tips to rent a property faster?
Ans. If you have new property available for rent, make sure you advertise it on the leading realty portals like NoBroker for the best results. If you are struggling to find tenants for your old property, it’s advisable to pay attention to the maintenance of the flat. A renovation of any old property can attract tenants easily.
3. How can I click good photos of my property for posting for rent?
Ans. It’s ideal to get your home renovated before you are planning to put it on rent. Make sure the pictures are updated for your property listings across all channels. You can use your smartphone to give a small virtual tour of your property to prospective tenants.
Read: Things That Make Tenants Choose Your Home
4. What is vacancy loss in real estate?
Ans. Vacancy loss is referred to the loss borne by the owner of a property when the previous tenant has vacated the flat and the property is still available for rent for new tenants. The period of days on which the property remained vacant is called the vacant period and the loss borne by the owner is called vacancy loss.
5. How can I reduce vacancy loss in real estate?
Ans. The best way to reduce vacancy loss in real estate is to keep your property up-to-date and maintained. Under the ideal scenario, when the previous tenants vacate the property, you should start on the renovation and marketing. If the tenant has given a notice for vacating the flat, then it’s ideal to start marketing the property to prospective tenants. This will help property owners significantly reduce vacancy loss.
