If you are one amongst those looking to sell your Trivandrum property on a classifieds portal, then we wish you good luck! Thats because you need quite a bit of luck, if your intention is to sell off a property in less than 6 to 8 weeks.
One of the surveys done on classifieds sites for real estate like selling apartments in trivandrum, house in trivandrum and flats in trivandrum found that users who posted on a classifieds site on a average got 6 or less responses in a span of 8 weeks. This was done over a small sample size and need not be representative of the entire population.
But what it goes to really show is that your chances of closing a deal in a span of 2 months are quite slim despite advertisements, premium ad position etc. that go on these sites. In general, normal ads also get pushed down on a regular basis as new ads creep on the website thus lowering your chances with every passing day.
So what could be the way out for a property seller for selling a property at a fair value in the shortest possible time:
1) Start early: Similar to investing, starting early on a property transaction can quite often help you judge the market. In our experience if you would like to give it a try alone, then you need to be almost sure that one amongst those 6 or 8 interested in your property via a classifieds site might go ahead and buy it. If not the property could take longer than 3 to 4 months to sell off.
2) Give maximum visibility: One of the perils of starting early at times is the property value goes down if it remains unsold for a long period of time. You would want to think of ways of giving your property maximum visibility. This could be on
Trivandum property sites likes ours or others who can ensure you get right visibility. Other websites might charge you anywhere between 300 to 1500 rupees for listing you property for six months. To give yourself the best chance to sell your property in Trivandrum within a short period ensure you give it maximum visibility through pictures, and positioning on online sites along with a couple of news paper ads to tap the local market.
3) Approach - The approach and hardwork in selling a property is most often underestimated. The efforts taken by a reputed consultant in placing the property on appropriate marketing channels to get buyers will often lead to your property selling faster. So once you have crossed the initial threshold of 4 to 6 weeks and don't get many responses the writing is almost on the wall, that approaching a good consultant might be the way out.
4) Timing the market - Like many a stock brokers would vouch, there is no real way of timing the market in buying and selling stocks so that you get the best bargain. Same applies to property. There is no easy way to time the market and understand if this is the best time to buy or sell a property. The best you can do is ask a consultant about realistic prices or just go with your own gut instincts and research and fine tune prices depending on the responses you get.
5) Be Patient - Last but not the least, patience is a virtue you definitely need once you are trying to sell your property. Being impatient to close a deal quickly might actually hamper you in multiple ways. You may end up on the wrong side of a bargain (if you are not used to it), you may end up with loose payment terms from the buyer and finally you might realise later that your property could have fetched much more!. Hence patience is an overwhelming requirement once you try to sell your property.
But always remember. Property markets can be like a game of chess. You need to remain patient, but think and make your moves and be willing to adapt. This will ensure that you get the best buyers and best bargains at the end of the day!
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