Trends in Market:
The market trends assists you to do some self-analysis about how superior or inferior those properties are in comparison to yours. It helps in understanding the demand in your locality and different profile of the buyers. There are less chances of negotiation when the inventory is more but demand is less. So, if we quote higher price in that particular locality then selling can get difficult only if your property has some unique features which makes it distinct in comparison to others.
Right time, Right Location and Right Price
It is important to have a price tag for your property with right figures to attract the interest of the buyers. You can’t price the property exorbitantly just because you like the property. Similarly, if your property is old, it really doesn’t mean that you have to settle for less than the quoted market price. The idea could be that anyone can increase the asking price by doing some minor repairs. The factors, which affect the pricing, include Locational, Social and Physical. Keeping pricing rational is the best method and not to show any hurry in selling the property.
Size Does Matter
How big is your property matter a lot at times for selling? Typically, As Dr Niranjan Hiranandani said, 2 BHK flats sell faster from one point of view that’s resale ability. Selling or renting a 2 BHK flat is also higher comparatively. For personal Usage, anybody can go for 3 BHK flat or above. If anybody wants to sell, negotiate, transfer or turnover then one should go for 2 BHK flats which will sell faster.
Social Media - Online Sales Engine
Its very crucial to display the property online on web Portals such as 99acres or magic bricks which will give better exposure to the buyer in a larger scale and bigger platform and provide an opportunity for the buyer to get responses from a larger target audience. One must provide relevant pictures of the exterior and interior of your house before physical verification and location of the property. If the pictures of the property are attractive and detailed then there are higher chances of relevant responses.
Approach a qualified Dealer
If after the research, you approach a broker you will be able to make the right decision, as he will be able to give you the current trending market scenario. The Dealer should be approved by RERA so that he is licensed to be a recognized dealer to deal in the property market.
