Selling Property in Chennai – Tips to ensure you get the bestdeal

We are all aware the real estate in Chennai has gone through a dynamic phase withmany large and small scale dealings which are occurring on a daily basis. We providea guide to all those of you who are looking to sell property in and around Chennaihoping it will prove useful to you. We have tried to provide useful tips and advice thatwill take away the confusion from the selling process. We have tried to give youadvice on what can help you sell your home faster, for a larger share of money andwith much lesser risk. With the phenomenal rise in prices real estate seems to be avery lucrative investment opportunity and will bring in high returns with eachpassing year. While the process of buying real estate would require considerablethought the process of selling would also need several considerations and needs to behandled with some degree of smartness to get the best results.

Some of the major areas to focus on to get the best results would be:

Tip 1: Let Professionals get a valuation done for your property

Since all property undergoes some appreciation over a certain period of time, it wouldbe best to get your property valued to find out the worth of your property as perprevailing rates in that particular area. To ensure you get the best price which is also afair price, get the property valued on the basis of Location, condition of the propertyand prevailing rates in the area etc. Alternately you could look at properties near theone that you are planning to sell and using a free land value calculator you could getan estimate of the value of the property in question. Once you arrive at a ball-parkfigure you can arrive at the price per square foot for the property and then you can goabout setting a suitable price for your piece of land.

Tip 2 : How to get your property ready for selling

Consumers are drawn towards well-established and attractive properties and preferto invest in them. The property as such, must be well-maintained, with plumbingwork and renovation in order.

Tip 3: Ensure that the paper work is in order and that the property isregistered in your name.

The documents relating to your ownership of the property need to be verifiedbefore the deal is closed. Getting a lawyer to inspect the Property Deed thoroughly isadvisable. The sales deed must be in your possession and it is proof that you have therights of the actual proprietor. Without producing the deed, you cannot seek to sellthe property.

Tip 4 : Do away with all pending issues if any

Any taxes or legal disturbances associated with the land, lowers its value in the eyesof the purchaser. A piece of land that has already cleared all the taxes, like propertytax and household dues like electricity and water is immediately more appealing tothe buyer. In order to avoid any discrepancies, ensure that you have with you, anacknowledgment of all the bills paid.

Tip 5 : Registration

The Sales Agreement Registration is the most important facet that finalizes theagreement. It needs to be handled with maximum care and precision. It obligates theneed to register the land within a quarter of a year from the date of the transaction.

It would be indeed a good idea to try and put yourself in the buyers’ shoes and look atthings from his viewpoint. This will ensure that you attend to all issues regarding thesale of the property before you actually advertise to sell your land rather than have arude shock when the prospective buyer points to some legal issue or other. This wouldhelp you in the smooth running of the entire transaction and in ensuring that it ishassle free. Thinking about the whole thing from the buyer’s point of view will ensurea win-win situation for both parties involved and reduce the chances of anycomplication. A little investment even in the upkeep of the property will go a longway in attracting the right buyers.

Also remember that property selling may be easier and perhaps yield better resultswhen done with professional help. Getting advice from a professional will keep yousafe from legal issues and hassles. Also the marketing and negotiating process willbecome that much easier.

Ensure that you market your land / space online. This will provide you with greatercoverage and you could also ensure that you target a specific area – part of yourgeography where you expect your prospects to be residing.