Kelambakkam is one of the most beautiful areas in Chennai. The area has all the basic amenities required for living such as hospitals, CBSE and Matriculation schools, colleges and markets, etc.
The price of land in Kelambakkam, Chennai is currently being sold in the range of Rs 3250 to 4500 per square foot. However, the price varies depending on the size of the land for sale, area and special features.
Flats with 1 to 5 BHK facilities are available for sale. Their prices range from Rs 17.3 lakhs to Rs 1.28 crores.
Here are some steps you need to follow to sell a flat in Kelambakkam.
First, you need to know who your competitors are to evaluate the property you are planning to sell in Kelambakkam and compare them to determine a competitive price for it. After that, you need to have the necessary documents ready for your property, such as the sale deed, mutation certificate, and building plan.
Next, you need to decide how you want to sell your own flat? You need to decide whether you want to sell it directly or through real estate agents. Once you have decided, use reliable online platforms that help you sell flats to advertise your flat for sale with photos, features, price, and address. Finally, after negotiating with the buyer of your property, you need to properly handle the deed registration and legal procedures to sell your apartment.
1. Preparation:
Analyze the current condition of your property. Then, list the location of the property and the unique features that can enhance its value.
Next, make sure that you have all the necessary documents like sale deed, mutation certificate, NOCs, allotment letter, building plan and other relevant documents to sell your property.
It is also best to consider the recent prices of other flats for sale in the area where your flat is located and decide on the price of your flat.
2. Marketing:
You can either sell your available flat directly or through real estate agents. But the decision is yours. After that, you should take professional photographs of your available flat.
Use those photographs to attract buyers through trusted online property sales portals and social media. Prepare a detailed listing and advertise it, highlighting the features, amenities and location of the flat.
3. Negotiation and Sale:
Negotiate only with people who are willing to buy your flat. Then, after reaching an agreement between you both, sign the sale agreement.
Make all arrangements for registering the sale deed in the property division of the court with the help of a lawyer who is familiar with the legal procedures.
Transfer the ownership of the property into the buyer’s name after the buyer pays you the agreed total amount.
4. Some important considerations to consider:
When you are selling your own flat, you should first complete the sale deed. After that, make sure that all the ownership of your property is transferred in the name of the buyer through legal documents, including the property address, area and agreed sale price. A sale deed is required to properly transfer ownership from the seller to the buyer.
Explain and compare the final price and payment terms and negotiate with the buyer to get the down payment. For this, tell the buyer of your property to keep money ready for registration costs of 4% to 8% of the value of the property that you can sell. It is essential that both the seller and the buyer understand the legal and financial implications.
If there are any outstanding loans on the property that you have decided to sell, pay them in full and get a receipt for the same before selling it.
Engage a trusted property lawyer when you are selling the flat. He or she will guide you through the legal aspects and help you ensure a smooth process.
Allow prospective buyers to view your property in person and be prepared to discuss and fulfill their questions or requests. Also, be prepared to show the property through virtual tours for those who cannot come to view in person. Selling your own home can take time, so be patient with marketing and negotiating.
Conclusion
Above we have mentioned the steps you need to follow to sell your own apartment. If you have read this completely, we hope that this post has provided you with useful information. Also, if you have any doubts regarding the sale of property, ask them in the comment section given below, we are ready to clear your doubts. Our personal opinion is that it would be better if the seller and the buyer of the property negotiate through a trusted public figure. Because only then there will be no change or dispute in the negotiations that took place between the two until the sale of the property is completed.