Notes

Sri Lanka: A Beginner's Guide for Selling Property
Selling a home is simple to do in Sri Lanka, as it is in other countries. It is about valuing your property, identifying an agent, if needed, and providing relevant information. Finally, you will be required to sell your property.


Property sellers who are first time buyers may require a step-by-step guide for selling their property in Sri Lanka for which Real Estate Lanka has prepared a list of important points to be focused upon.


AFFECT THE LAND


The importance of valuation is when selling property in Sri Lanka where the government requires every property sold to be assessed prior to sale. Sometimes, the value assigned by the government to the land might be different from the property's sale price. This is due to the fact that many properties have been registered at lower value over the years. If the property was constructed within the last 20-years on land that was not used it can be sold at the same time for its property and the land value. However, properties constructed prior to 20 years old are typically sold at their land value.


LET PEOPLE KNOW


Buyers have two options in searching for homes either online or offline. Although offline means are still utilized in Sri Lanka, the increase in the development of the property market has led to an increase in the use of search engines on the internet at an average of nine percent annually. The advertising of properties online is less expensive, generates more attention and lets the seller include as many details as required.


When advertising online, make sure you upload high-quality images taken by a professional as photographs have a greater chance to draw buyers' attention and explain the property's characteristics as required. If you pay a small amount you can also include several contact and address information making use of Google Maps. In addition, it improves the trust that the home is legal and is suitable to banks for loans. This can also boost the potential buyers.


Present THE Property


Whichever method you employ to market your home (houses or apartments, land and more.) through either email or phone, the first impressions can make or break the numbers. It is a good idea to complete any DIY work. A gorgeous property is a magnet for buyers, which makes it difficult to sell.


Lead management is where you arrange a time for each potential buyer to open your home to them for a visit. visit real estate lanka to buy lands in colombo are the best times to sell because potential buyers have no daily chores. So, make sure that your the weekends are free of all chores.



PAPERWORK


This is the key element of the transaction. It is essential to write down the price when it is agreed upon. It is recommended to get the services of a lawyer in handling the documents to ensure that it is legal. The buyer should also get his own solicitor to inspect the title for errors. In the majority of cases, cash transfers are negotiated between parties when the property is offered for sale in Sri Lanka. The buyer is entitled after signing the contract and receiving an advance payment, to make the remaining payment of the purchase price within the specified period.


That's it! You are now done with the property.

Read More: https://realestatelanka.com/