6 Tips to Sell Your Home Fast

6 Tips to Sell Your Home Fast

In this slowing down real estate market it is not easy to sell your home fast. More and more people are hesitant to invest in a property right now. People are looking for a more affordable option and they are ready to wait for the right price and property. In this scenario, we have come up with an article how to sell your home fast. The idea is to sell your home in a short period of time without compromising on the pricing. 1. Enhance the Appearance The first impression is the best impression. Just have a look at your home from the street and fix all the issues you see. Make the house look bright and beautiful from outside. The potential buyer should be impressed when he first walks into your home. 2. Renovate your Home If your home is extremely old repaint it, fix broken windows and doors. According to stats, there are 2 things in home improvement which can fast track your sale. Kitchen Renovation Bath Fittings. Spend some money and make these 2 both look good and also function good, it will fast track your sale. You can learn more about Home Improvement in our previous guide here. 3. Make it New: The moment you are going to showcase your home to potential buyers, remove any personal belongings like a family photo, antique furniture, religious customs, etc. Try to put your baby and pet’s belongings in a concealed corner, your buyer doesn’t want to see them. Make the home look spacious without any clutter. A potential buyer should be able to visualize the home with...
Should You Rent Your House or Sell it?

Should You Rent Your House or Sell it?

You are moving away from your home for some obvious reason. It could be due to your work, or you have bought a new home, or you are moving to a different country. Whatever be the reason, the immediate question is what to do with your current home? There are only 3 things that you can do with it. Rent it Sell it Keep it unoccupied In 9 out of 10 cases, option 3 is not viable due to financial constraints. If you are moving out only for a short period of time then keeping the home unoccupied suits you. Whether to rent it or sell it is a million dollar question and there is no straightforward answer to it. This article will help you in taking the right decision which is appropriate for your home. Now let us look at some of the factors which will determine your decision making. 1. Buying a Second Home If you’re planning to buy a second home then it is wiser to sell your first home and use the capital gains to purchase the 2nd property and thus avoiding tax. 2. Rent Vs EMI If you rent this property, will the rental income good enough to cover a major part of the EMI? In a country like India where the rental income is just 3-4% and the home loan interest is 10-12%, the rental income should be good enough to cover around 70% of your EMI amount. If it does, then renting is a better option. 3. Cost of Renting Most people don’t understand the cost of renting; they assume that the...
Things To Do Before Renting Your Property

Things To Do Before Renting Your Property

You have invested your hard earned money and bought a property. Most likely you would have also bought it with the help of a home loan. Next thing to do is make a regular income from your property. This is the tricky part. In India, the average rental income is between 3-4% annually while you get almost double in a Bank Fixed Deposit. There are few things which you can do to increase this rental income. Decide the Type of tenant There are different types of people who needs to rent a home like a couple, a family of 4-5 people, bachelor guys, single lady, commercial people, etc. Each and every type has got its own set of pros and cons. You first have to decide what suits you better. Whether you prefer increased rental income or someone who pays less but keeps your home nice and clean. Without making this decision do not list your property for rent. You will be confused and will take a long time to finalize on a tenant. Furnish your home. Furnishing a home doesn’t mean it has to be completely furnished with everything. You can also do semi-furnished homes. This is one way of increasing your rental income. Again the level of furnishing depends on the type of tenant you have decided. If you have decided to go for a family, then the level of furnishing can be less. If you have decided for bachelors, then you can consider adding a TV, washing machine, Fridge, Oven, etc. Though they are a one-time investment, you can expect better rental income from bachelors. So...
How to Find the Right Tenant for Your Home

How to Find the Right Tenant for Your Home

A person invests his lifetime income in buying his dream home. In today’s competitive environment it is not easy to get good tenants easily. Finding a tenant is a easy but finding the most suited and trusted one is a difficult one. This article will help you in finding the right tenant for your home. Potential Problems that can arise out of a tenant Not paying rent Not cleaning the home Abusing the resources like water, garden, etc Have too many home parties creating ruckus Use the home for illegal activity Demanding too many repair works from the owner These are some of the potential problems that you can come across by choosing the wrong tenant. Now let’s see how to select the best tenant to overcome these issues. Types of Tenants Different types of tenants cause different issues. For example, a group of bachelor guys might party hard, not clean the home, etc. A single woman tenant might depend a lot on the house owner and that might keep you busy. A family might overuse and abuse the resources in the home. On the flipside, each type of tenant has their own set of merits too. For example, a group of bachelor guys will fetch a higher rent than a family. A single woman tenant will keep your home nice and clean. She will also pay rent on time in most cases. A family will look after your home like theirs. There is no hardcore rule in selecting the type of tenant, it all depends on your requirements. If you prefer to earn a better rental income, then...
5 Tips for Selling your Home

5 Tips for Selling your Home

A person could be selling their home for many reasons like Buying another property Relocating to another country To settle debts or planning a wedding. Whatever be the reason, the most important thing is to make sure you get the best value for it. There are few important factors which determine the value of the property like Age, conditions of the building, location, etc. When you are planning to sell your home it is important to get the best price and also sell it in a short period of time. This article will guide in the best practices to achieve the same. 1. Market Value Estimation Important thing is to estimate the best price it can be sold for. Don’t provide a huge price and wait for months without being sold. Do some research and find out what’s the current pricing in your area and add depreciation based on your property’s age. If your home is furnished, then take those into consideration. If your property has got all legal documents and qualifies for a home loan, then you can price it accordingly. 2. Create a Rockstar Listing When listing your home for sale in a real estate portal, make sure you fill all possible details. A picture is worth 1000 words. So take best photos of your home both interior and exterior and make it stand out. Always list it with a 3-5% premium and mention the price is negotiable. When there is a qualified buyer, you have the buffer to negotiate. Create a friendly and a trusted listing. Based on the response, you can also try paid featured...
How to Optimize Your House for Sale Listing in a Real Estate Portal

How to Optimize Your House for Sale Listing in a Real Estate Portal

Generally, when one wants to sell or rent a home, they decide to take the old traditional route of using a real estate broker for the purpose by paying a small commission out of the deal amount. However, in recent times, due to the ever rising number of online property portals on the internet, the trend is shifting towards selling property online. This trend has become increasingly popular especially among the Indian youths and is expected to improve gradually as online selling tends to reduce time and brings transparency to such transactions by providing accurate and valuable information about the project along with experts reviews, etc. A key aspect of online property sale involves the process of optimization and proper marketing to potential home-buyers which in turn gives the seller the opportunity to select from multiple offers which he or she has received for it. The proliferation of the internet has ensured that the listing reaches all the corners of the world and hence a greater number of potential buyers/renters are informed. People don’t buy just listings; they buy lifestyles. Therefore, it’s important that instead of just reiterating specs and data one develops a special narrative in their marketing of what it’s like to live in the home. Here are certain things one should keep in mind while advertising on online portals to make it more effective: Pricing: Price is the main attraction for buyers and by far the biggest differentiator. Underpricing of the property will result in lower returns. But if you overprice, especially when the market sentiment is not very upbeat, the house may not find any...