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The 1st Step in any Sales of Properties is to check what is the market value for your property. You will not want to sell your property below what it can actually fetches. One has to take note that no two properties are alike; each and every other property occupies a different space and location. Both properties cannot occupy the same space and location. Therefore the view and facing of two properties in the same projects are not the same and hence command different pricing altogether. The most safe way of assessing the value of a property is to go for a bank certified valuation by qualified & recognised property valuers. Such a process cost a bit of money and is only valid for a certain time period as property values fluctuates up & down all the time. It is possible that due to slow market the validity expires before a sale is made. The other way is to do a mini survey and check what are the asking prices & transacted prices in the vicinity. A little troublesome with aggressive agents bugging homeowners when they are not that ready to sell. Searching on the internet is the more unobtrusive way but may not be accurate due to the fact that most internet property portal or websites contain a lot of outdated data (because the websites offer free listings, nobody cares to maintain good accurate records). A better way is to search our records here that aims to maintain good accurate database with the assistance of advertisers who pay to post the advertisements.
The 2nd Step is to decide among the stakeholders of the property what is the base price & asking price to sell. This is important as very often a sale is stalled or loss due to quarrels among family members & stakeholders. Speed of decision is sometimes essential in the sale process. 1 day too slow could meant different prices and having to wait some time for another buyer to appear.
The 3rd Step is to inform the world that you are selling your property, which is cost effectively put on internet for everybody to see through our website, www.singaporepropertiesonline.com
The 4th Step is to answer & screen calls for affordability & seriousness of callers. Be prepared to answer many calls & be irritated by callers. Housing Agents are paid to do that on your behalf.
The 5th Step after careful screening is to arrange appointment to see your property. Remember to keep your property neat & tidy and choose the best time & lighting circumstances for viewing.
The 6th Step is to carefully promote your property without appearing to be doing any hard selling. Your chances of selling are higher if there is a good relationship & atmosphere.
The 7th Step is finally negotiate your price to a amicable conclusion. Your preparation, market survey and frame of mind will help you in concluding the sale smoothly.
The 8th Step is to collect an option money (normally 1% of Sale Price) and issue an Option to Purchase to the buyers. This Option to Purchase grants the buyers the exclusive right to purchase the residential property at the concluded Sale Price on condition the purchasers exercise the Option to Purchase within a stipulated time period (normally 14 days from Date of Option to Purchase) by paying a certain percentage of the Sale Price (normally remaining 9% of Sale Price) to their lawyers and adhering to whatever manners, terms and conditions of the Option to Sale. Both parties may at this stage leave it to the lawyers to handle the paperwork. Sometime the sale of a property is bogged down or even abandoned due to uncompromising & unreasonable stance of over-protective lawyers and perhaps demanding and unreasonable buyers & sellers. Remember that only 1 Option to Purchase can be granted at any one time. It is not the case that whoever exercises the Option to Purchase for the residential property first is the rightful buyer.
The 9th Step is to wait for completion of sale of the property which on average takes 10-12 weeks from the date of exercising the Option to Purchase. Please check with lawyers & qualified property consultants for the Option to Purchase & their respective charges. This is just a guide. Please consult the lawyers for your legal needs. For Selling Tips, visit Anderson Property Consultants .
We hope you are more confident now to sell your own property. Have confidence in yourself. Go ahead & sign up with us. Click Register . You can start planning where to go for your holiday with the Cost Savings. Need our property consultant for help & assistance, email : admin@andersonpropertyconsultants.com or call Vincent 96816288.
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