How to Sell Your Property Faster in 2024: Proven Strategies

Selling a property in India can feel overwhelming, especially for first-time sellers. It’s often a time-consuming and emotional journey, whether you’re relocating for a new job, shifting your priorities, or needing more space as your family grows. 

No matter what your reason might be, here are some solutions to help you strike a successful deal. You just need the proper plan to break down every step and reach your goal without tiring yourself out.

This article will guide you through effective property selling tips quickly in 2024, ensuring you get the best value without unnecessary delays.

Proven Strategies to Sell Your Property Fast

If you’re wondering how to sell a house fast, there are key steps you can take to make the process smoother and quicker. Following proven strategies can help you achieve a faster sale with less hassle.

1. Choose a Platform 

The first step you can take to sell your home is finding the right platform to sell your property. The right platform can help you reach a large audience and help you understand and implement how to sell property fast online. 

In India, real estate agents usually charge a commission of 1–2% on the sale price of the property, known as the real estate brokerage fee. You can save on these fees by opting for a platform like OLX which allows you to list your home without any cost. 

Also Read: Types of Houses in India: Exploring the Vast Landscape of Indian Houses

2. Set a Competitive Price

To set a good price for your home, start by checking how many similar homes in your area have sold recently. You can find this information on real estate websites or by asking your neighbors. Calculate the price per square foot by dividing the selling price by the home’s size in square feet. Then, multiply this rate by your home’s square footage to get a rough idea of your home’s value.

Adjust the price if needed—raise it if your home has desirable features like being on a quiet street or lower it if it needs repairs like a new roof.

Here’s why pricing your home a little lower might be a good idea:

• More people will see your home. Buyers usually search with a price limit, so pricing slightly lower helps you show up in more searches. For example, listing at 14,99,000 instead of Rs. 15,00,000 can attract more potential buyers.
• It might spark a bidding war. Pricing below market value can bring in multiple offers, potentially driving up the final sale price. This strategy can help you sell faster and at a price closer to your home’s actual value.

If you have a real estate agent, they can guide you on pricing. If you’re selling on your own, use these tips as a starting point.

Also Read: Best Property Management Tips for Landlords in India

3. Make the House Look Presentable

Real estate properties often make their first impression based on appearance. Buyers need to imagine themselves living in the space, but that’s hard to do if the property looks untidy. Issues like a broken front door, messy entrance, or peeling paint can turn buyers away.

Therefore, before listing properties online or arranging virtual tours, you must make small upgrades. For example, clean the home thoroughly, declutter, and remove personal items like family photos.

Additionally, you should arrange your furniture to make the home feel welcoming and easy to navigate. Store bulky items, as a crowded room can look smaller.

You might also consider hiring a home stager to highlight your property’s best features, impress buyers, and help it sell faster at a good price. Staging is already popular in Western countries and is now gaining popularity in India too.

Also Read: Your Ultimate Guide to Buying Property at Auction in India

4. Leverage Social Media and Online Real Estate Portals

According to DataReportal, as of early 2024, India is estimated to have around 462 million social media users, making it a great platform to sell property quickly.

Beyond just posting property listings, you can share useful information like home buying tips, important laws, and the latest market trends. You can also engage with potential buyers, share client testimonials, and showcase your company’s achievements on social media.

Using creative tools like Instagram Reels and live features, you can offer virtual property tours, share photos, and host interactive quizzes or live sessions. Social media helps you reach a wider audience, building brand awareness and attracting quality leads.

You can also advertise your property on websites like Olx India. These platforms allow you to post ads, though some may charge a fee to feature your listing, especially Olx. Remember: Always upload clear pictures of your property to attract more viewers.

Also Read: What is Real Estate? Meaning, Types, Characteristics!

5. Prepare Necessary Documents in Advance

Preparing the necessary documents in advance is crucial for a smooth and fast property sale. Ensuring all paperwork is accurate and up-to-date can significantly reduce delays, as buyers and legal teams often scrutinize these documents before proceeding.

Pre-verification of documents can prevent last-minute hurdles, making the process more efficient and building trust with potential buyers.

To sell a property in India, you’ll need a variety of documents, including:

• Sale deed: The primary document that proves you own the property
• Encumbrance certificate: Confirms that the property is free of legal or financial burdens
• Property tax receipts: Proof that you’ve paid property taxes
• Building plan and occupancy certificate: Documents that confirm the property’s structural integrity and suitability for living
• No-objection certificates (NOCs): Confirm that the property has all necessary approvals
• Power of attorney (POA): If you can’t be present for the sale, a POA allows someone else to act on your behalf
• Mutation register extract: Updates property records after the ownership changes
• Clearance certificates: From either the builder or the society, based on the property’s registration status.

Being organized with documentation not only speeds up the transaction but also portrays the seller as professional and prepared, which can be a decisive factor in sealing the deal quickly.

6. Offer Attractive Payment Terms and Negotiation Tactics

Offering attractive payment terms and using smart negotiation tactics can significantly speed up the property-selling process. For instance, a seller might offer flexible payment options like allowing a smaller down payment or providing seller financing, which makes the purchase easier for buyers who might not have full funds ready. 

Additionally, sellers can entice buyers by covering some closing costs or including furnishings in the deal. For example, if a buyer is hesitant due to high upfront costs, offering to cover registration fees or providing a slight price discount can close the deal faster. 

By being open to reasonable negotiations and providing attractive terms, sellers can make their property stand out, increasing the chances of a quick sale.

Conclusion

Selling your property faster in 2024 can be much easier with the right approach. Focus on understanding what buyers are looking for, make your home stand out, and stay open to modern trends in the real estate market. It’s essential to be proactive and prepared, so you can attract the right offers quickly. 

With a bit of preparation and the right support, you can make the process smooth and efficient. So, are you ready to make your move? Visit OLX India today.