Points to Keep in Mind When Selling Property Post-Coronavirus

by Dynamix Group Writer

The Coronavirus pandemic has seriously impacted the real estate industry. Many leading developers like Jayvardhan Goenka and others had to postpone new project launches. Though the situation is slowly and steadily returning to normal, but with property prices showing a dip this is not the right time to sell your home. You need to put off the sale of your property till the situation gets back to normal and the prices stabilise. However, if you have to sell your property due to financial constraints or some other reasons there are a few things that you need to keep in mind.

 

Give your home a new look

 

If you are planning to sell your home, it is important that you first renovate it. A renovated home is likely to get a much better price. It is important to take into consideration what kind of amenities are people looking for in a property. Now many people are not just working from home but are also venturing out of the home only when it is necessary. Thus, many people might want green and open spaces in their homes. However, before renovating you must make a budget. If you spend too much on renovation, the cost of the property might rise, and this will lessen the number of potential buyers.

 

Advertising and word of mouth

 

For a quicker disposal of your property you need to advertise its sale. Advertising will not only increase the chances of finding a good buyer but will also help you get a good amount. You should advertise your property on online property sites. Apart from this you should also inform your relatives, friends, colleagues, acquaintances, etc. that you are interested in selling your property. This will help you get a buyer and lead to a quicker sale of the property.

 

Ask for a reasonable price

 

You will surely like to sell your property at a higher price; however, the real estate market is going through a bad phase at the moment. People are not currently in a mood to buy properties, therefore if the price of your property is too high it will be very difficult for you to sell your property. The right thing to do right now is to ask for a reasonable price for your property. This will help you get genuine buyers and though the profits will not be as high as they were before Covid-19, they will be good enough.

 

The real estate sector is currently passing through a bad phase and selling your property in these tough times should be avoided. However, if you have to sell keep the above-mentioned points in mind. This will help you get the right buyer and make reasonable profits. If you are planning to buy an apartment in Mumbai, you should select properties being constructed by reputed developers like Jay Goenka Director of Dynamix Group. 

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Created on Jul 30th 2020 23:36. Viewed 272 times.

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