Be A Winner! 5 Key Points To Consider While Selling Your House

by Avadhesh Sharma SEO Analyst

Are you a businessman? Do you have lots of surplus cash? Want to invest it to reap some benefits? Well, most obvious suggestion you can get is to invest in any real estate property. Visit any residential or commercial property for sale in Rewari or any of your desired locations, and if everything is fine, go for a purchase.

If you want to buy a property for investment purpose only, you must be in search of a golden opportunity to sell it too to earn some healthy benefits. Suppose, you see a hike in the property price after 2 years and you sold your property. Did you get a shock? Have not you received the desired profit money? What went wrong?

The below points can explain what actually happened. Read carefully.

5 things to remember while selling your property –

1. Capital gains

Income tax is a big factor, especially when you are dealing in real estate. Your property (residential or commercial) is an asset to them. If you fail to hold your ‘asset’ for less than three years, you will be charged with short-term capital gains tax. This has a higher rate than what is charged for long-term, which is charged after 3 years of ownership of a property for the buyer. You sold your property after 2 years, so you paid more tax than your actually expected!

2. Duties

You bought a house by seeing an advertisement on residential properties for sale in Rewari and the price of the property was within your budget too. But you had to pay some more than the budget of the property, right? This is due to the added duties linked with it like registration charges, stamp duty, payment of the agent, etc. And, now you are selling the property after 2 years, while the profit amount has not climbed up enough!

3. Wealth tax

If the property is your second home, you have to pay wealth tax on it. And, the amount is not very low. If your property price is more than 15 lakhs, you need to pay 1% of the total price of the house. Hence, it will erode your investment idea!

4. Opportunity cost

While you thought for investing in real estate, the stock market also advanced to new highs. Obviously stock market returns are greater than real estate returns. Also, holding period for properties is 3 years while for stock market it is 1 year only. By choosing real estate you lost the benefits of stock market investment. So, do not make a quick decision by seeing properties for sale in Rewari.

5. Whether to invest in a property or not?

Yes, definitely! But you should consider thoroughly the entire cost of the property before and after investing in it. Consider the purchasing cost and also the maintenance cost for it.

And, do not forget to understand the extra costs which can affect the returns you expect from the property. Just follow all these suggestions and you are free to earn profits from your investment.