Buy or sell property

Frequent question: How to sell house quickly in india?

  1. Ask for the right price.
  2. Read about the market trends.
  3. Bring out the best in your property.
  4. Market your property well.
  5. Establish a personal connection with the potential buyers.

As many you asked, how can I sell my house quickly?

  1. Clean and declutter.
  2. Pick a selling strategy.
  3. Set an attractive price.
  4. Invest in minor repairs.
  5. Stage and add curb appeal.
  6. Use professional photography.
  7. Create a listing strategy.
  8. Time your sale right.

Correspondingly, is selling house easy in India? Selling your property in India might look like an easy job but it can turn out to be as difficult a task as buying it, especially for an NRI, who is not physically present in India.

Additionally, how much time does it take to sell a house in India? However, selling a property is a long-drawn process—even in a healthy market, it usually takes 4-6 months. But in the present scenario, which is said to be a buyer’s market, it may take even more time to sell at a reasonable price as the number of sellers outnumber that of buyers.

You asked, how do I get my house ready to sell in a week?

  1. Make sure all outlets and plugs work.
  2. Touch up any chipped paint, the crown molding, and any loose railing.
  3. On older homes, be sure to have a home inspection.
  4. Check that windows aren’t painted shut.
  5. Clean up dust in places you normally don’t reach.
  1. Cosmetic flaws.
  2. Minor electrical issues.
  3. Driveway or walkway cracks.
  4. Grandfathered-in building code issues.
  5. Partial room upgrades.
  6. Removable items.
  7. Old appliances.

Contents

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Do you need Aadhar card to sell property in India?

Yes. An NRI can sell property in India without an Aadhar Card as it is not mandatory for NRIs to have an Aadhar Card. The buyer must check for an NRO Account in the name of the NRI though where the proceeds from the sale of property will be deposited.

Do I need to pay tax if I sell my property in India?

Long term Capital Gains on sale of real estate are taxed at 20%, plus a cess of 3%, if the sale fulfils certain conditions. If you sell a property that was gifted to you, or that you have inherited, you will still be liable to pay capital gains tax on it.

Can I sell my house to the bank in India?

Procedure how to sell property with outstanding loan The seller has to get prior or principal approval from the lender. In this approval, a part of the sale consideration (amount) has to be directly paid to the lender or bank and the remaining amount (if any) can go to the seller or owner of the property himself.

What documents do you need to sell a property in India?

  1. These are the documents you need to have in order:
  2. Letter of allotment.
  3. Sale deed.
  4. Sanctioned plan.
  5. Society documents.
  6. Encumbrance certificate.
  7. Sale agreement.

Which is the best property site in India?

  1. MagicBricks (Rent, Buy, Sell)
  2. Zolostays (Coliving Website)
  3. Makaan (Rent, Buy, Sell)
  4. NoBroker (Rent, Buy, Sell)
  5. OyoLife (Rent)
  6. IndiaProperty (Rent, Buy, Sell)
  7. Housing (Rent, Buy, Sell)
  8. PropTiger (Rent, Buy, Sell)
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What documents are required for selling a property?

  1. Letter of Intent from the buyer. This should include price, payment schedule, earnest money, and other terms and conditions.
  2. Contract to Sell.
  3. Deed of Absolute Sale.
  4. Endorsement Letter.
  5. Certificate Authorizing Registration.

How do you stage a house?

  1. Clean. A clean home shows potential buyers that you’ve taken good care of the property.
  2. Declutter. There are two major problems with clutter.
  3. Depersonalize.
  4. Focus on fresh.
  5. Define rooms.
  6. Wallpaper and paint.
  7. Flooring.
  8. Lighting.

How do I prepare my house for sale checklist?

  1. Remove toys, equipment, and clutter from the yard.
  2. Repair/replace damaged shingles.
  3. Repair/replace light fixtures, doorbell, and doorknobs.
  4. Fix broken windows, shutters, and torn screens.
  5. Clean/repair gutters and HVAC units.

How do I prepare my house for sale?

  1. Create a clean, clutter-free environment.
  2. Offer a neutral color palette.
  3. Put yourself in a buyer mindset.
  4. Minimize where possible.
  5. Emphasize curb appeal.
  6. Ensure your home is photogenic.
  7. Address obvious repairs.
  8. Add little details and touches that matter.

What makes a house unsellable?

Factors that make a home unsellable “are the ones that cannot be changed: location, low ceilings, difficult floor plan that cannot be easily modified, poor architecture,” Robin Kencel of The Robin Kencel Group at Compass in Connecticut, who sells homes between $500,000 and $28 million, told Business Insider.

What add the most value to a home?

  1. Kitchen Improvements. If adding value to your home is the goal, the kitchen is likely the place to start.
  2. Bathrooms Improvements. Updated bathrooms are key for adding value to your home.
  3. Lighting Improvements.
  4. Energy Efficiency Improvements.
  5. Curb Appeal Improvements.
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Can you sell your house to yourself?

You cannot sell your own property to yourself but you can sell it to a company, but I don’t think that it is a very good idea. You are better off just retaining it in your own personal ownership and renting it out.

How can I avoid capital gains tax on inherited property in India?

The first option is it can be done by reinvesting the gains in another property. This can be claimed when the long term capital gains are less than Rs. 2 crores and the reinvestment is done only in a maximum of two residential properties located in India.

What is the TDS rate for NRI for sale of property?

When an NRI sells property, the buyer is liable to deduct TDS @ 20%. In case the property has been sold before 2 years(reduced from the date of purchase) a TDS of 30% shall be applicable.

Can you sell property in India with power of attorney?

Is property sale through power of attorney legal? In 2011, the Supreme Court ruled that property sale through power of attorney (PoA) is illegal and only registered sale deeds provide any legal holding to property transactions.

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