Selling a property is humongous work since it deals with your pricey possession. People have lots of emotions and memories associated with the house in which they have lived for so long. Selling an old property is not an easy task. There is a lot of documentation and paperwork involved, along with the financial earnings you would get after selling the house. Following are the points that must be kept in mind to avoid the hassle.
Evaluation of property
It is an important point when it comes to selling a house property. Some real estate agents try to get the deal favouring their clients (buyers) to achieve their sales target. It is important to do all your homework before searching for a buyer. Always go for property evaluation from a reliable place to know the worth of your property, so you don’t end up getting less value for your property. Always get your house evaluated from multiple reliable sources to be sure. You can use an online property valuation calculator. Look for the price at which people have sold properties similar to you in your area.
Seek a trusted real estate agent
You need to figure out how to put your house for sale in Ottawa at a higher price. It is important to determine whether you can finish all the formalities and look for a buyer alone or if you need help from a professional real estate agent. If you don’t have adequate knowledge about this field, you can hire a reliable real estate agent who can work on your behalf and get yourself good deals.
Clear outstanding dues
One point that you must keep in mind before putting your home for sale in Ottawa is to clear all the dues to attract potential buyers quickly. It involves clearing maintenance charges, property tax, and power and electricity bills. In case you have taken loans against your house property, then you must clear them as well and pay the mortgage after receiving a lump sum from the property buyer.
Checking the background of buyers
While selling the property, if you want to ensure fair dealing for yourself, then get yourself a genuine buyer. Accessing a thorough and complete background check of the potential buyer is important before signing the deal. Avoid verifying the buyer’s credentials from different sources and seek help from any professional to ensure this.
Identifying the market
Before putting your house for sale in Ottawa, it is crucial to determine if you’re diving into a buyer’s market or seller’s market. If you dive into the seller’s market, the demand for property will be more while supply will be less. You can sell your property at a better price comparatively in this case. However, if the supply surpasses the property’s demand, you are diving into the buyer’s market and might not sell the property at the rate you want. It also takes more than six months to finalise the property deal, so you shouldn’t hurry to sell the house and wait to dive into the seller’s market.
Collect all documents
Before selling a house, always collate all the required documents such as property tax receipts, lease dead, sale dead, no objection certificate to sell the house, and past ownership documents.