6 Steps to selling a second-hand condo
Many people who are looking to sell condo now, but still don't know how to start and how do you make the second-hand condo you sell? Sell out quickly and get the price. Let's see how there are steps.
1. Prepare second-hand condo for sale
The first step is to get your condo ready for sale. A second-hand condo that is ready to sell will create a positive impression on buyers. A condo that is ready to move in will be easier and faster to sell than the disrepair one. Therefore, the condo must be renovated, repaired, and improved as much as possible.
2. Set a price to impress buyers without burdening sellers
The second step is to set the right price, which will attract buyers as the price is not too costly. The sellers will still be profitable.
For the new condo sellers, they may not know how to set the price. The easiest way is to observe the selling price with the similar rooms that are located in the same project or location as yours. You may check from the real estate website such as PropertyScout.
The selling price may include other expenses such as transfer of ownership, income tax on real estate sales, specific business tax, and stamp duty.
3. Let the world know that you are selling a condo
When the room is ready and you have a suitable selling price in mind, the next step in selling a second-hand condo is to advertise the condo for sale which we recommend you to list on trusted real estate websites such as PropertyScout.
4. Take customers on a tour and point out the pros and cons
Another step of selling a second-hand condo is to take customers who are interested in your condo and point out the advantages such as nice scenery, furniture, and location. Customers may have the right to know about disadvantages in order to prevent any further issues. For example, the room is located near the garbage room. During the night and daytime, people may frequently walk through or some defective spots were not being fixed such as some wallpapers peeling off and water dripping from faucets in order to show sincerity to buyers.
5. Make a contract and transfer the room
According to the last step, if the buyers decide to buy, the sellers must enter into a sales contract. The contract requires a copy of ownership in order to let the buyers apply for a bank loan, then the buyers will make an appointment with the bank requesting a loan to make an appointment to transfer the ownership of the condo at the Land office.
The seller must prepare documents, such as a credit note and a certificate of ownership of the condominium to the date of ownership transfer. The seller will receive all the money from the sale of the house within that day. However, if the buyers or sellers are not able to manage it themselves, they can delegate power to others as well.
6. Utilizing an agent service makes the selling process simpler and gives you the chance to sell more quickly.
The agent will help with all of the aforementioned tasks, with the exception of steps 1 and 2 (although some may be advised by the agent as well). The agent will help with everything from the announcement, getting a tour of the property, signing a contract, to transferring the room (with the seller's authorization).
The agent also has a client list for those who are interested as well as having a variety of advertisement channels which allows them to sell a condo instantly.
But there is a cost involved with agent service hiring which is referred to as the commission, which costs 3% of the condominium price.
There are several steps the seller should consider and take full action in order to make your second-hand condo sell out quickly. If you think it's difficult or wasting too much time, try using the agent service
To sum it up, selling a second-hand condo has several steps that sellers should carefully consider and manage to sell your condo quickly. If you realize that the step is too complex or a waste of time, a property agent is here to serve you.
