Have you ever considered selling your property? Well, 2023 is a great time to take action. It’s important to stay informed about the real estate market to make the most of new opportunities and trends. Selling a property can be an emotional experience, but if you do it in 2023 and handle it correctly, you won’t have to worry about losing out.
Whether upsizing, downsizing, relocating, or capitalising on your current, Square Yards has covered it with extensive help to assist you.
Real Estate Market 2023 ft. Square Yards
Various factors of an economy determine the status of a country’s real estate market. Society, population, and politics are some of the overarching factors influencing the real estate market in India. A rise in these factors will transform the buyer’s market into a seller’s market.
Unlike other economies worldwide, India displayed impressive resilience against global issues in 2022. India’s constant demand helped keep the sectors afloat and take it well. Due to India’s unwavering resilience in 2023, the real estate market will grow in the following years. The real estate market status differs across the country. For instance, cities with higher demand experience the beginning of the emergence of a seller’s market, whereas those dropping in demand have high prices.
This seller guide is just the beginning of the help awaiting you at Square Yards in the form of subject-matter experts and realtors.
Expert Guidance: Square Yards Recommendations for Property Seekers
Fix a Timeline
Selling a house is not a one-step process, as it is a chapter of your life. It may take months to sell the property. It is best to stay ahead of the timeline and plan profusely. You should deep clean the space, declutter, and store your belongings in a storage room a month before listing it.
What Needs Upgrades
Ensure that your renovations will add to your home equity. For example, you don’t have to install granite countertops to increase your home value. Most buyers prefer to add their final touches, so leave it up to them. If the inventory rates are low in your locality, do not make costly improvements. Your realtor can guide you in what needs improvement and what does not.
Pre-Sale Inspection
Although this is not mandatory, older homes can benefit from pre-sale home inspections. The report will highlight the issues that require immediate action. Also, it helps you to steer clear of red flags homebuyers may later discover. This will pick the pace of your selling process and make this journey seamless.
Set a Practical Pricing @ Square Yards
Remember that you’re not the first seller the buyer is going to. Expect resilience and bargains of low prices. However, your property will be in trouble if your price is too high. Instead, research your neighbourhood’s prices thoroughly to set a realistic benchmark.
Listings With Appealing Photos at Square Yards
Before your house hits the listing, you will need pro pictures of your property. Give your all because this is the first impression of your home. Hire a photographer and call your realtor to take snapshots from the best angles. Clear the space for your clients to picture them living there. All that’s left to do is log in on Square Yards and upload pictures along with the following:
- Detailed video
- Property type
- Configuration
- Location
- Price
Proposal
Whether you want to rent your property or sell it all together, shoot your best shot with a polished version of your property proposal. List the advantages, location leverages, and upgrades to make your house stand out.
View and Negotiate Offers
Here comes the fun part of this process: reviewing and going back and forth on offers. Involve your agent completely in this step to advocate for your demands. Please note that India is a buyer’s market today, so the offers will likely be lower than the listing price. You can either accept it, negotiate, or reject the offer. Negotiations take place within 48 hours.
Balance Closing Costs With Tax Implications
Consider the closing costs carefully. Your agent’s responsible for filling you in about the additional costs involved at the closing table. These include your agent’s commission, recording fees, transfer taxes, and outstanding linens. Also, you may have to pay for the credits your buyer brought into the negotiation.
Hire an Attorney
Selling a home acts as a major financial transaction. It is worth involving a legal real estate attorney for a transaction of this level. The legal attorney’s greenlight signal can be the final assurance to sigh and breathe relief. They will clarify complex legal terms, verify documents and contracts, and spot outstanding linens, title issues, and encroachments.
File up Paperwork
You’d be surprised at the overwhelming amount of paperwork for a home sale. Keep it all in place, preferably compiled in a file. Square Yards will guide you to assemble the paperwork you need. Original purchase contracts, home loan documents, certificates of compliance, property survey, certificate of occupancy, tax records, appraisals, and homeowners insurance are all part of it.
How Does Square Yards Help?
| Directly list your property | Square Yards allows you to directly list your property and take reign of the selling procedure within safe and secured bounds. |
| Shortlist responses | Whether you are overloaded with responses or receive only a handful, Square Yards will highlight the optimum alternative. |
| DIY | Connecting and managing your property may seem overwhelming, but it is more than achievable on the right platform. |
| Self-Negotiation | The controversy and debates around realtors are a struggle to get through. With Square Yards, you can ace the selling process like a pro. |
Conclusion
The current state of the real estate market in India attracts various homebuyers to the market. Housing conditions, a rise in demand and improvement projects, low-interest rates, and global lifestyle changes build suitable conditions for sellers to profit from their properties. If you’re set on selling your property, 2023 creates a good window of opportunity to execute your plans. Wait no more and partner with Square Yards to get all the expert help you need to hone the selling process.
FAQs
What are some tips for finding a realtor?
Ans– Word of mouth may not be the most reliable source, but inquiring within your network is as good a start as any. Ask your friends and family for a good agent they’ve worked with. Request your agent to share references of the houses they’ve previously listed to run a background check on them. Review the contract attentively before you sign.
When should you list your house on the market?
Ans– The best time to list your properties is here. 2023 shows most of the factors to render the current times the ideal conditions to sell your property. It covers demand, supply, population, interest rates, and more to benefit from this opportunity. All that is left to do before you list your house on the market is to upgrade your property.
How to sell a property in 2023?
Ans– The key is to play it smart with your real estate property. Once your property is in its best shape to appeal to buyers, work with your agent to list your house at the right price. Anything below or over the appropriate pricing can either lose your money or stop buyers from purchasing the property. When you find a buyer, review all the documents carefully and wrap them up.
