Consult with LawZapo with regards to Property Real Estate Lawyers in Mumbai who can assist with matters related to Property, Criminal, Corporate, Family Law matters.
Below metioned are the things to keep in mind:
Do your research
Figure out the prevailing rate in your area.
If required, visit a few properties just to get an idea of your competition.
The age of your property, the perks (a balcony or high ceilings), the distance to social infrastructure, etc play a crucial role towards how much your apartment can fetch.
* Time your sale
Families don't move in the middle of the academic year, professionals won't move places in-between a financial year.
Depending on where you live – close to schools and colleges or commercial hubs – pick the right time to put your property up for sale.
If a major infrastructure project is coming up in the vicinity, hold on to the property; chances are that the rates will improve.
* Declutter now
This will not only reduce your load while moving but also make your home look pretty when the buyer is visiting.
Keep your home as clean as possible; this way the buyer can picture their furniture and belongings in your home.
* Fix your home
Take care of the leaking tap/squeaky door, etc.
Your home will look well taken care of, and, hence, more appealing to the buyer.
Do not bother painting the house (unless asked for or absolutely required), as the new owners may want to furnish the home according to their taste.
* Get paperwork in order
Check if you have all the necessary documents handy.
Consult your lawyer and check if any documents are missing or if require to be updated.
If you have taken a loan to buy the home, this is a good time to sort the paperwork with your bank.
* Take account of everything
If you are going to leave some of the existing furniture in the house – wardrobe, geysers, AC unit – then, add that in your final offer price. You
* Stage your home
Home staging is a business in the West; ensure that you make your home look pretty when a potential buyer is visiting to check the place.
Walk through all the rooms with the buyer in mind; evaluate your home and fix whatever you think could be a deal breaker.
* Found a buyer?
Talk about the moolah at the earliest.
Figure out if they would be applying for the loan, find out the pattern in which they would make the payment.
* Additional expenses
Like agent's fee, moving costs, stamp duty charges, lawyer's fee, etc.
Factor these in so that you can grasp exactly how much you get in hand.
* Check for perks
Figure if there are any tax benefits/ perks you can avail. You can talk to your bank or accountant for this.
* Consult your lawyer
Keep your lawyer in the loop at every step of your paperwork process.
It may seem like a futile activity but it has the potential to save you from any unforeseeable troubles.
* Settle the bills
Once you finalise the deal, it is time to take care of all the pending bills, maintenance, electricity, water bills, etc.
Now is also a good time to inform your insurance companies and other subscriptions about your address change.
* Ensure you have a copy of all the documents
Among all the moving and packing do not forget to keep a copy of all the documents, even the most inconsequential document can be a game changer.
Conclusion:
Identify your area's prevailing rate. If necessary, visit some properties simply get more info to have an idea of your contest. You will have a lot of time for your apartment to accommodate the advantages (a balcony or high ceilings), distance from social infrastructure etc. In the middle of the academic year, families are not moving, professionals are not moving places between them.