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An Introduction to Selling A Property In Sri Lanka
Selling a home in Sri Lanka is not very different from other countries. It is about valuing your property, choosing an agent when necessary, and providing pertinent details. Finally, you will need to present the property.


Real Estate Lanka has put together a checklist to aid property owners who are just beginning to sell their properties in Sri Lanka.


Where to value THE LAND


It is crucial to determine the value of property when selling it in Sri Lanka. This is because the government requires every properties to be assessed prior to selling. Sometimes the government value of the land may differ from the price of sale for the property. Because of the high number of homes with low values it is mandated by law. The property can be sold for its value on land if it is constructed on land that has not been used for the past 20 years. However, houses constructed within the last 20 years may be sold for the land value.


LET PEOPLE KNOW


Buyers choose different channels to locate properties: both offline and on the internet. However, offline methods are still being used in Sri Lanka. However, due to the increasing demand for property in Sri Lanka, the number of people seeking properties online has increased by nine percent annually. Advertising properties online is much less expensive, generates more attention and lets the seller include as many details as required.


If you are advertising online, ensure that you take high-quality photos from an expert. Pictures have a higher chance of attracting potential buyers. Also, you should provide the details of the property as essential. Online advertising also provides specific information on location via Google maps and various contact information, at a cost of a small amount. Notifying prospective buyers that your property is available for banks will boost trust in the title and deed, in addition to increasing the number of potential buyers.



Present THE Property


However you decide to market the property (house, apartments, land) via phone or via email, first impressions can alter the stats of the property that is being sold. It is essential to pay attention to any DIY tasks. A stunning property will grab the heart of the buyer immediately which makes it difficult to convince them.


Lead management involves establishing an appointment time with each potential buyer and displaying your house for inspection. Weekends are an ideal time to sell your property because buyers aren't tied down by their day-to-day chores. Be sure to take your time on weekends.


PAPERWORK


This is the most important aspect of the transaction. Once the price has been agreed on, you need to sign it. It is best to use the assistance of a solicitor in handling the documents to ensure that it is legal. To verify the title, the buyer should make use of his own solicitor. Most property sales in Sri Lanka involve a cash transfer. Once the contract has been signed by both buyers and seller the buyers and sellers are authorized to make the final payment within the agreed time.


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