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Selling a house can be a challenging process, especially if it is your first time. If you are planning to sell your house, you need to get acquainted with the property market first. In addition, do your research on what the rates are for properties within your area.
If you're looking forward to selling your house soon, then this article is for you. Here, we will highlight some of the steps to consider when putting your house up for sale. This guide will also discuss whether you should consider hiring a realtor during the home selling process.
Get Your House Valuated
House valuation will help you find the right price for your house. Some people skip this process, which may cause you to undersell or overprice your home. Before listing your home for sale, ensure that you get it valuated by a professional first.
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They will help you get the right price for your house depending on the current market prices. They will also point out areas that need improvement to raise the value of your property. While at it, you should also get your home inspected to ensure that it meets all the guidelines set by local authorities in your region.
Selling a house can be a challenging process, especially if it is your first time.Unsplash
List Your Home
Listing your home in local classifieds can help you reach a wider audience. Ensure that you add in all of the correct details when listing your house. Add your contact details, the correct measurements of your house, and include any additional amenities your house may have.
Also, don't forget to add clear directions to where the property is located. Having a proper description of your property will attract plenty of potential buyers. Ensure that you respond to calls and emails from any prospective buyers.
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Renovate the Property
According to this article on Home Flippers, something as simple as repainting the house or mowing the lawn can make a huge difference to your property. Keeping the house in pristine condition even if it is old can help you attract more buyers. Ensure that you maintain your house keep the rooms clean and remove any clutter in your lawn or backyard.
Keep in mind that most prospective buyers will request for a house tour before making an offer. One way to convince them into buying the house is ensuring that it is in top notch condition. There should be no leaking roofs or faulty electrical cables hanging around.
Hire a Real Estate Agent
People often avoid involving realtors when selling their houses. One reason is because they feel that the agent's commission fees will eat into their profits. However, it does not happen that way. In fact, hiring a relator has more pros than cons.
Realtors are always up-to-date with the current property markets. They can market your property to their clientele and handle all of the processes involved in selling a house, freeing your time up. This is especially useful if you have a tight schedule.
Selling a house can be quite tricky, but real estate agents can make the process smooth sailing. Most agents will add their commission to the house's sale price, meaning that you will earn the same amount of profit you had anticipated.
Disclaimer: (This article is sponsored and include some commercial links)
The second wave of Covid-19 has impacted the share of affordable housing in the overall residential supply, according to Anarock Property Consultants.
Data from Anarock showed that Covid-19 has reduced affordable housing share reduced to 20 per cent to around 7,230 units as of Q2 2021
In the pre-Covid-19 period, the affordable housing supply share dominated the overall supplies. Post-pandemic, its share has dropped dramatically from 40 per cent in 2019 to 30 per cent in 2020 and 20 per cent in Q2 2021.
In the first half of 2021, affordable housing's share of new launches dropped further to around 26 per cent of 98,380 units, launched between January and June. The mid-segment had the highest share at 39 per cent while the premium housing segment had a 25 per cent share.
As per the report by Anarock, abundant new affordable supply was launched in the top seven cities after the government began incentivising this segment post-2014 to back the 'Housing for all by 2022' scheme. Demand for affordable housing remains high, but there is now a pileup of unsold stock across cities.
As per Anarock data, of a total of 6.54 lakh unsold units in the top seven cities as of Q2 2021-end, the affordable segment has the highest share at 33 per cent.
"The target audience of the affordable segment (many employed in MSMEs) has been severely impacted by the pandemic in contrast to premium and luxury category buyers. Many affordable housing buyers have had to defer purchase decisions," it said.
Further, amid rising inflationary trends of basic input costs, it has become difficult for developers to launch budget homes since increasing prices in this highly cost-sensitive segment are inadvisable at this time. Also, overall sales volumes have declined in the last year because of the pandemic.
Home loan eligibility for many affordable housing buyers has been impacted by the pandemic due to loss of jobs and many MSMEs being shut down - resulting in significantly lower sales in this category, it added.
Anuj Puri, Chairman, Anarock Property Consultants, said that the premium segment had the highest launch share of 36 per cent, followed closely by the mid-segment with a 32 per cent share.
"The main southern cities of Hyderabad, Bengaluru and Chennai together accounted for at least 72 per cent of the total new premium supply in the second quarter. Prominent realty hotspots -- NCR and MMR had the highest share of affordable housing supply at 52 per cent of a total of 7,230 units launched in this category," he added.
The new launch trends in both the pre and post Covid-19 periods across the top seven cities indicate that the new affordable supply share has been reducing post the pandemic. ( IANS/AD)
Owning a home is something all of us have dreamt of at some point in time in our lives. At the very outset, the purchase of a house or flat needs money, there are a lot of things we compromise on to gather the money to invest in a home. Here are five things to be mindful of before buying a house in 2021, shared by Anuj Goel, Managing Director, Goel Ganga Developments:
The builder or real estate developer or construction company is the most important part of the entire process of buying a flat. It’s the one who really builds your dream residential destination, so a lot of research work needs to be done before reaching any conclusion. Therefore, always go for a reputed builder who has a proven track record.
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Before sealing the house deal, check whether the builder is RERA i.e. Real Estate Regulatory Authority registered. This is the first and the most primary kind of filter to select a professional builder for your dream house. If the builder is not RERA registered, avoid making any move, else you invite trouble in the future. Bathrooms, study rooms, open area, and other requirements.
Always think of the future and then finalize the apartment the bathrooms, study room, open and wet areas along with other requirements are important before buying a house which is mostly an investment of a lifetime. Be sure of what may emerge to cater to your family requirements in the future. If you have in-laws, relatives, or family guests who keep visiting your home, then always try to push the budget a little to buy slightly a bigger house. Try doing this, you will feel happy and proud about your decision in the future.
Always go to a locality where transport, schools, medical shops, grocery stores are nearby. This will make your daily life much easier and hassle-free and you will have more time to focus on other important activities like health, family, and career.
Delivery and possession
The house you finalized, paid money for becomes yours only in the true sense when you actually move into it. So, always ‘possession’ matters the most! To ensure this, always check what a particular builder has delivered in the past. In case, you manage to get a good deal of ready-to-move-in house, just grab it, since it is considered as of the finest deals especially in terms of saving money because as soon as you move into a new house, you start saving money which you were spending on rent. Possession date is something all home buyers should be very careful about. (IANS/SP)
It can be overwhelming when you are looking for a new home with the excitement of putting your possessions in it and how your sofa will look. There are several things you need to consider when you are looking around for a house to ensure that there are no nasty surprises.
Keep an eye out for cracks or anything that looks unusual in the foundations in the house. You can get a survey completed to look into what the problems are and what the next steps would be which can give you an idea on the costs involved to fix them so you can include it into your budget. Once you find the foundation problems you will need to find a repair company such as http://pinnaclefoundationrepair.com/ to ensure that your house becomes a home. The foundations of your future house is important for a safe and warm home that you can live in for years to come so repairing them as soon as you notice the signs will help this.
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Check for mould
Checking for mould is a common part of house hunting but it can avoid damp and health issues. Have a thorough look around every window, taps, and ceilings as these are the places where damp will build up. Another way to notice damp is to sniff when you walk into each room as you’ll notice it when you walk in from the fresh air. The main rooms to do this in is the kitchen, laundry room or bathrooms.
Mistakes to avoid
Before you start house hunting don’t forget to set a budget and another budget that is your stretch price so you know, that even when you stretch every last penny this is how much you can afford. Otherwise, you will struggle to set your limits and stick to them. Sometimes it’s better to spend less and save some of your budgets to buy furniture to make it a home.
When you see faults in a house, try not to overlook them because this can result in hefty mistakes to make.
As exciting as it is to put an offer on a house you love, it can be sometimes best to wait and view others as you will notice other factors that you will prefer and will fit within your budget.
Hopefully, with this guide, you will be able to find a house that fits your lifestyle. Watch out for cracks, water gathering on the floor or other unusual factors that could result in repairs needed of the foundation. In addition, watch out for mould, or damp in the main rooms such as kitchens, bathrooms and near washing machines. You’ll notice a strange aroma, damp walls and black marks on the wallpaper or window sills. There are many mistakes that you could make if you are not paying attention. This is why it is recommended to visit the house you are most drawn to a couple of times at various times of day as you’ll notice different issues.
(Disclaimer: This article is sponsored and hence promotes links of commercial interest)