Answers ( 10 )

  1. Buying property needs due diligence and a lot of hard work from the buyer. Similarly, selling a property at the right price at the right time takes a good amount of effort too.

    Some of the things that you need to keep in mind if you want to sell your flat quickly in India are:

    1. Understand the Market Trends.

    Before selling your property, it's good to understand what are the current real estate prices in your locality. Have the prices gone up or down in the last one year? Market Conditions help you to negotiate the prices as per your terms.

    Understand how is the demand and the supply of the properties in your locality.  What is the profile of the buyer? If a buyer has a lot of options to choose from in your locality, it's better to keep the price competitive as much negotiation is not possible.

    2. Quote the right price for the property

    Do not sell the property in haste and regret later for selling it at the lower prices. So be aware of what price is being quoted by other sellers in the locality. Also, do a good analysis of your property condition, are there any unique selling points of the property that sets it apart from the rest and will help you get a good price.

    Buyers are willing to pay a good price if the property is located in a good location, connectivity is good and infrastructure in and around the property is great. Another thing that matters is the condition of the property. Before putting the property out for sale, ensure that it is dented, painted and is in spic and span condition. It will help you quote a higher price.

    3. BHK type of the property plays an important role

    While selling the size of your property matters a lot. 2BHK properties have higher resalability. While purchasing the property you should have a foresight - whether you are planning to sell it in the near future or rent it out or you are purchasing it for self use.

    2BHK flats go on rent faster, they also get sold out faster as compared to 3BHK flats.

    4. List your property online to reach large audience

    Post your property ad where you are sure to find genuine buyers of your property. Real Estate Websites likes NoBroker, Magicbricks, 99Acres are some good options to advertise your property online. There are some things that you must keep in mind before selling your property.

    Tips to post a good advertisement of your property to sell it online:
    Share details about the house

    1.Are you selling a flat/independent house/villa,

    2. What is your BHK type (1BHK, 2BHK etc.)

    3.Which Floor your flat is located?

    4.Age of the house.

    5.Carpet area of the house

    6. The direction of the house (East Facing)

    7. Good quality pictures of the house.

    Give the details about the locality

    Location of the house can be used to determine how well developed is the area, hows is the infrastructure, road connectivity in the area, has government announced any major development projects in the vicinity. All these factors give a boost to real estate prices.
    1.Mention the Locality & the street address well

    2.Mention any landmark close to the property.

    What is the deal that you are providing?

    1.What is your expected price?

    2.Is it house furnished or semi-furnished or unfurnished?

    3.Is there an existing loan taken on the house?

    Give an overview about the Amenities available

    Nowadays many people want to look for properties which have good amenities in and around. Sporting facilities, swimming pools, 24/7 power backup etc are significant among those.
    1.How many bathrooms are there in the house?

    2.Are there any balconies or a terrace or a garden?

    3.Mention all the amenities the building society has to offer, like 24/7 power backup, 24/7 security, swimming pool, clubhouse, lift, indoor and outdoor games, fire safety and so on. Give a brief description of the house explaining special features if any.

    4. How many parking slots does the house have for - 2 wheeler, 4 wheeler?

    List of property documents to keep handy

    As soon as you find a good buyer who is ready to offer the right price, you should be ready with the documents needed for selling the property:

    1.Sale Deed

    2.Is the property tax paid?

    3.Occupation Certificate of the flat.

    4.Do mention the best time to contact you.


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    Best answer
  2. How to save tax after selling my property?

     


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    • The tax liability after selling the property is calculated in accordance with the short-term capital gains and long-term capital gains. 

      Short-term capital gains are the profits gained on a property sold before completing the holding tenure of 24 months. Such gains are taxable, no exemption provided for them. Whereas, long-term capital gains are the profits gained on property sold after 24 months holding period. 

      The computation of long-term capital gains is done by deducting the indexed cost of the house from the net sale price. The capital gains calculated thereby are taxable at a rate of 20.80% irrespective of your tax slab. If you are in a fix about how to save tax after selling the property, I will tell you 3 ways to do it.

      Buy another residential property

      You can claim exemption from the taxes easily if you invest your long-term capital gains in a ready-to-move within 2 years after the date of sale. You can also invest your long-term capital gains in the construction of a house within 3 years of the date of sale, this includes booking an under-construction project.

      Purchase Capital Gains Bonds

      You can also purchase capital gains bonds to save tax after the sale of residential property. However, you cannot invest more than Rs 50 lakhs in capital gains. You have to invest your entire long-term capital gains in these bonds and there will be a lock-in period of 5 years. You won’t be able to transfer or sell these bonds to anyone. It is a good way to save tax if you are not planning to purchase a new residential property.

      Investing in Capital Gains Accounts Scheme

      For temporary relief, while searching for a new residential property, you can invest your long-term capital gains in the Capital Gains Account Scheme. You can claim tax exemptions for the amount invested in capital gains accounts in approved banks.


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  3. This answer is edited.

    “Selling property is a tedious process. It takes a lot of time to find the right buyer and the right price.”

    Someone said these words to me when I was selling my house a few years ago and I was scared. I kept thinking to myself, “how to sell my property fast?” I wasn’t sure if I would be able to do it. But then I went online and searched how to sell house quickly.

    While I got some numbers off the internet to contact some brokers, I came across various online portals which gave me an option to sell my property online. I took my chances and went ahead.

    I checked out various websites and decided to list my property on these platforms:

    1. NoBroker
    2. Magicbricks
    3. 99 acres

    After careful consideration I decided to take up the NoBroker Money Back Seller Plan. They offered various facilities such as property promotion on the website and social media, a dedicated relationship manager to filter out the right set of buyers and most importantly, my contact details were protected so that I don’t get spammed by calls from brokers or agents. My relationship manager suggested that I add details of the location of my property, its size and dimensions, it was a 2 BHK flat so I mentioned that as well. I clicked nice pictures of my property and its surroundings too and put them up on his advice. I saw that many people had mentioned their expected price. So I did that too.

    Anyway, all of it helped me and I started getting many queries. My relationship manager helped me to shortlist prospective buyers and connected me with them. Thankfully, I closed the deal within 3 months of listing my property.

    Check out NoBroker Seller Plans

    It may take 6 months to a year to sell off a property offline. But online websites help you connect with interested people at a much faster rate. Some companies like NoBroker, have seller assist plans, where you need to pay nominal amounts and they assign you a relationship manager to handle calls on your behalf and pass on only the right prospects to you. NoBroker Seller assist plans ensure that your property ad comes at the top and is visible to a large number of buyers.

    These days more and more people are doing property transactions online.

    Click here to Read: Most asked Real Estate questions on NoBroker Forum. 


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  4. Listen, if you are someone like me who likes to take charge of everything on ‘my’ own then please read it through. I had a fun time selling my property and it was definitely a learning experience. 

    Here’s my story (I will try to keep it short, I promise :P)

    Back in 2016 I wanted to sell my property fast. It was a 1 BHK apartment in Delhi at a decent location. Since I knew if I went to an agent, he would have asked for a percentage of the profit, I decided to do it on my own. Before going out and about, I decided to spend a couple of thousands on a few repairs, noting every detail down in a notepad about my property. I went around my neighbourhood and clicked pictures of the locality. 

    Once all of that was done, I proceeded to search for real estate websites. I was aware of NoBroker since I saw an ad on TV, apart from this website I found a couple of more websites including 99acres, and magicbricks. I swear I researched a lot about these portals just to make sure they are genuine and none of my details will be leaked online. This is how my journey of ‘I want to sell my property fast’ began.

    Next, came the fun part. I started listing my property. 

    I started by posting FREE ad on NoBroker platform

    The process was smooth, I registered on the platform using my mobile number and OTP and then clicked on Post Property Ad option. Here is the list of information I gave in the ad

    • Address, Location and positioning of the property
    • Particulars such as Number of bedrooms, balconies, bathrooms, etc.
    • Details of furnishing
    • Electricity and water supply details
    • Amenities around the property
    • Security arrangements, etc.
    • Photos of property and neighbouring areas. 

    I followed the similar process for other platforms. Yes I didn’t stop at one. 

    Next I know, I started getting calls from many interested people. They inquired about my property and we set up a meeting for them to have a look at my property. Finally after 37 days of posting my ad, I was able to finalize the deal with a gentleman who was looking for a house to settle her divorced sister and her children. 

    It was a thrilling experience as I was new to all the paperwork involved but I managed to get through. 

    If you feel it is way too strenuous process, you can simply avail seller assist plans and sell your property quickly without any hassle.

    I hope my experience struck a chord with you. Now don’t hesitate to take the lead if you are determined and tell yourself that I want to sell my property fast.


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  5. Glocalmspl
    1. Find the Right Real Estate Agent

     

    If you want to sell your home fast, then the first step is to hire a real estate agent. The ideal person will know the local market and have a sales record that proves they know how to sell.

    Keep in mind that a real estate agent will help with the entire process, from hiring a professional photographer who will take top-notch photos of your home to negotiating for the best price. They also will write up a real estate listing that sells, schedule and host showings, and market your property to get it seen.

     

    1. Price It to Sell

     

    One of the most effective ways to sell your home fast is to price it competitively. If you price it too high, then your home will spend more time on the market. Also, if your home is overpriced, then you may end up selling it for less eventually—it will just take a lot longer.

    Your real estate agent (or Realtor) will research comparable homes (aka “comps”) in your area to set a realistic price. If you really need to sell fast, then consider pricing your home a little lower to attract interest (and maybe even spark a bidding war). If you haven’t received any offers by a certain date, knock the price down.

     

    1. Clean, Declutter, and Depersonalize

     

    Buyers need to be able to picture themselves in the space, but they won’t be able to if your house is a mess. Give your home a thorough cleaning from top to bottom, get rid of clutter, and hide the family photos and other personal items.

    While you’re at it, rearrange the furniture so your home looks inviting and so buyers can move through your home without bumping into anything. If necessary, put bulky items in storage. A crowded room looks like a small room.

     

    1. Boost Your Curb Appeal

     

    If you want to sell quickly, then it’s essential to make a good first impression. And the first thing a buyer sees is a home’s exterior and how it fits into the surrounding neighborhood. To boost your home’s curb appeal:

    • Paint the front door
    • Plant flowers
    • Sweep away any spiderwebs and debris from windows, eaves, and porches
    • Wash the windows
    • Fix broken light fixtures and mailboxes
    • Make sure the trees, shrubs, and lawn are nicely manicured

    Keep in mind that a tidy exterior not only looks nice but also signals to potential buyers that you’ve taken good care of the place.

     

    1. Take Care of Quick Repairs

     

    You won’t have time for any major renovations, so focus on quick repairs to address things that could deter potential buyers. Survey the house and take care of the easy fixes:

    Depending on how much time and money you want to spend getting the home ready, you might also want to update fixtures, buy new appliances, install new hardware on the cabinets, and give the interior a fresh coat of (neutral) paint.

     

    1. Sweeten the Deal

     

    Another way to make the home and deal more attractive is to offer something to sweeten the pot. You could offer, for example, to pay some or all of the closing costs. Buyers are looking for a deal, particularly in a down market, so do your best to make them feel that they get one.

    Another tip is to offer a transferable home warranty, which provides discounted repair and replacement services for household appliances and systems. A potential buyer may feel more at ease knowing that the home is protected, which could make your home more attractive than a competing home.

     

    Visit our website : https://glocalmspl.com/

    Glocal Marketing Solutions Pvt. Ltd.

     


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  6. Selling a property or rent an apartment is just became easy nowadays with the help of social media. And looking to get a more reasonable rate then strongly suggested to find the real estate expert that make a best deal.


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  7. Having our own property or home is really a proud thing.

    There are various circumstances because of which we can plan to sell our property.

    Buying a property is quite easier than selling it.

    While selling your property you have to be very clear with your property-related information and market trends.

    I would like to share one idea here that will help anyone to sell their property faster.

    By adding a solar water heating system to your home you can increase your property evaluation as compared to market competitors.

    As it is an eco-friendly initiative towards an environment that will help you to save your property faster.

     

    To know more visit here: https://agnisolar.com/products/solar-water-heating-system/

     

     


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  8. Reading all the answers written on the Forum enlightened me a lot today. Selling a house fast is not an easy job. It takes a lot of hard work and time to sell a property. I will share with you my story about how to sell a property quickly in India.

    A year ago, my aunt needed to move to the U.S.A and she urgently needed to sell her property. She decided to sell her property immediately and asked her son to help her out in this matter. Her son, my cousin immediately posted about the property on different social media platforms such as Instagram, Facebook, and Telegram.

    They mentioned everything about the property to ensure they attract buyers as fast as possible. The cons of the property they wanted to sell were:

    • It is situated near important IT Hubs such as Wipro, Microsoft, and Goldman Sachs.
    • The apartment had all the luxurious facilities such as a swimming pool, parks, club, library, and meditation center.
    • The Bus Stop was also nearby.
    • He mentioned a price which was decent so he instantly got connected to people who were interested to purchase the property.
    • He posted some videos and pictures as well.

    He didn't miss the opportunity to post his property on legit real estate platforms such as:

    • NoBroker
    • Makaan.com
    • Magicbricks

    He was able to find a genuine buyer from NoBroker who counter offered him with a price my cousin could not refuse. 

    Within 2 weeks he was able to sell his house by pitching his property on social media for free!

    This is the magic of social media that surprises us nowadays.

    I wanted to tell this story about how to sell a property. I hope you like it.

    You can follow the tips mentioned in all the answers related to how to sell property fast in India. I am sure all the answers will help you in some ways.

    Post your property on NoBroker for FREE!

    Choose the seller plan to get unlimited buyer contacts on NoBroker


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  9. Choose the Right Broker

    Choosing the right broker is crucial to selling your home. Do not settle for the first broker you come across. Ask at least three brokers to assess your home and show you some comparable houses they sold recently. Try speaking to their past clients. If possible, inspect the properties they deal in. Moreover, ensure that the broker you close on has an easy-to-navigate website and utilizes the services of all available property portals.

     

    Regards
    Toshni Sharna
    (Wooden Street- Dining Tables)


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