Date post: | 09-May-2015 |
Category: |
Real Estate |
Upload: | sumangali-homes-private-limited |
View: | 900 times |
Download: | 4 times |
How to
Sell your HOUSEHOUSE
in a
Short Span of Time!
Many times one does not have the luxury of
adequate time to sell his House; Selling a
second-hand property in Chennai or in any
other city is not as complex as people think.
Just follow the below steps.
TITLES
Ensure the property you want to sell
is in your name
without any ambiguity.
OUTSTANDINGS
Ensure there are no
bank loan
EMIs
or municipal taxes pending.
ADVERTISE
Advertise in local newspapers,
portals
and neighborhood bulletins
with your contact details.
AGENTS
In case responses to the ad
are few,
hire an agent for quick leads.
CLEANING
Even as you examine the responses,
clean and paint the property
to get a good price.
AWARENESS
Enquire about recent sales
in the locality to know
the current market price.
NEGOTIATE
Include a negotiating margin
in your price
as smart buyers will find
reasons to reduce the price.
HONESTY
Avoid false information
about your property.
BE CLEAN
Insist on full payment in white
to avoid Income Tax hassles
at a later date.
NOC
Get a No Objection Certificate
from your housing society
and municipal authorities.
SALE DEED
Hire a property lawyer
to create a sale deed on stamp paper.
If buyer is taking a housing loan,
ensure the bank makes a cheque
for the full amount.
NOTARIZE
The sale deed must be signed
by both parties
in presence of a magistrate
or Authorized Notary.
HANDOVER
Handover all keys of the property –
both originals and duplicates,
to the buyer.
INFORM AUTHORITIES
Inform the local Municipal Corporation
of the sale so that
you are free of all liabilities.
HIRE CA
The sale deed and investments
made from the sale
must be factored in your
IT Returns for that financial year.
PRESERVE
The sale deed copies
must be preserved carefully
for your lifetime.