what all things that are to be kept in mind while selling any plot ?

DHIRAJ YADAV,

2nd March 2015

Property Selling in Nagpur

advice

nagpur real estate

plots in nagpur

plots for sale in nagpur

real estate nagpur

document required for selling plot in nagpur

property market nagpur

society transfer fees

brokerge charges in nagpur

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Replies (6)

Gather and organize all necessary legal documents.
Determine the market value of the plot.
Develop an effective marketing strategy.
Consider engaging a real estate agent for assistance.
Present the plot in an appealing manner.
Encourage buyers to conduct due diligence.
Negotiate the terms of the sale and draft a comprehensive agreement.
Follow the legal process for transferring ownership.

Wainganga Realities, Nagpur

7th July 2023

Comment

Gather and organize all necessary property documents.
Determine the fair market value of the plot.
Develop a marketing strategy to reach potential buyers.
Ensure the plot is well-presented and visually appealing.
Comply with legal requirements and regulations.
Seek professional assistance from real estate agents or lawyers.
Provide transparent information about the plot, including any known issues.
Negotiate the price and terms of the sale.
Handle financial considerations and consult with experts if needed.
Maintain timely communication and follow-up with potential buyers.
By keeping these factors in mind, you can enhance your chances of a successful plot sale.
if you want plot in Nagpur WainGanga Realities are well established real estate developers in Nagpur, India .

Wainganga Realities, Nagpur

20th June 2023

Comment

Thanks a lot Shreya,
One more question i would like to ask that what is the percentage amount of brokerage that a seller needs to pay?

Roshni Pawal, Mumbai

3rd March 2015

Comment

Your welcome Roshni,
Like transfer fees, the same applies to brokerage too (as in what is agreed at the time of first discussion), though generally the real estate agents demands 2% from the seller and 1% from the buyer.

Shreya Agarwal, Mumbai

3rd March 2015

Documents required :- The main documents required to sell a residential property are the housing society share certificate and the sale/purchase deed of the property. The Sale Deed confirms that the land is in the name of the seller and that he has the right to dispose it off.

Shreya Agarwal, Mumbai

3rd March 2015

Comment

Well Shreya,
These are really very helpful ideas one should must have but i wanted to know who pays for the society transfer fees - buyer or seller?

Roshni Pawal, Mumbai

3rd March 2015

Okey,
Technically what has been agreed at the time of price negotiation or at the time of entering into an agreement is to be taken into account. In case both the parties have not discussed this issue and the seller feels that the fee is a negligible amount, he can accommodate it. Similar for the buyer.

Shreya Agarwal, Mumbai

3rd March 2015

@Shreya,
A property broker may be your best bet. Brokers usually have a wider reach and more information about the local property market than an individual seller. You can also list your property online. There are many options in the market where you can advertise your project along with your contact details. This enables buyers to reach you directly

Roshni Pawal, Mumbai

3rd March 2015

Comment

Hi Dhiraj,
Selling a property is much more difficult than buying one. Unlike buying, which is an emotional decision for many, selling a property is a practical one. From pricing, documents, marketing your product, everything needs to be done by you. 1) Price your property right, 2) Getting key documents in order, 3) Process to transfer property.

Shreya Agarwal, Mumbai

3rd March 2015

Comment

Hi Shreya,
Apart from that, one should keep track of the unsold units in the locality where you are planning to sell. If there is an over-supply, you cannot demand higher than the prevailing rates in the locality/area. Remember that your house is just one among the many houses on sale. You know what you paid for the house. If the rate in the market has dropped below that, you cannot expect a price more than the running price.

Roshni Pawal, Mumbai

3rd March 2015

You are right Roshni,
Better talk to local people. Get a few real estate agents to give you a fair idea about the worth of your house. You may have a mortgage, but that does not affect the market price of your property.

Shreya Agarwal, Mumbai

3rd March 2015