how to sell your house in a short span of time!

How to

Sell your HOUSEHOUSE

in a

Short Span of Time!

Many times one does not have the luxury of

adequate time to sell his House; Selling a

second-hand property in Chennai or in any

other city is not as complex as people think.

Just follow the below steps.

TITLES

Ensure the property you want to sell

is in your name

without any ambiguity.

OUTSTANDINGS

Ensure there are no

bank loan

EMIs

or municipal taxes pending.

ADVERTISE

Advertise in local newspapers,

portals

and neighborhood bulletins

with your contact details.

AGENTS

In case responses to the ad

are few,

hire an agent for quick leads.

CLEANING

Even as you examine the responses,

clean and paint the property

to get a good price.

AWARENESS

Enquire about recent sales

in the locality to know

the current market price.

NEGOTIATE

Include a negotiating margin

in your price

as smart buyers will find

reasons to reduce the price.

HONESTY

Avoid false information

about your property.

BE CLEAN

Insist on full payment in white

to avoid Income Tax hassles

at a later date.

NOC

Get a No Objection Certificate

from your housing society

and municipal authorities.

SALE DEED

Hire a property lawyer

to create a sale deed on stamp paper.

If buyer is taking a housing loan,

ensure the bank makes a cheque

for the full amount.

NOTARIZE

The sale deed must be signed

by both parties

in presence of a magistrate

or Authorized Notary.

HANDOVER

Handover all keys of the property –

both originals and duplicates,

to the buyer.

INFORM AUTHORITIES

Inform the local Municipal Corporation

of the sale so that

you are free of all liabilities.

HIRE CA

The sale deed and investments

made from the sale

must be factored in your

IT Returns for that financial year.

PRESERVE

The sale deed copies

must be preserved carefully

for your lifetime.

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