When owning your own flat in Singapore, you get a lot of options on what to do with it. You can either renovate it, redecorate it, or even put it up for rent or sale if you wish so. Either way, whether you own your own flat or not, you’ll have some place to call your home.
In Singapore, an HDB up for resale is a common sight to see in the world of real estate. Numerous owners from numerous areas choose to put their homes up for sale for a variety of reasons. So, if you think that placing your home for sale is easy, you might want to reconsider that thought.
Think about it. Selling your home isn’t just putting up an ad and setting a price you think is reasonable. It’s about careful planning and finding the right market for your home. There is an abundance of potential buyers around you, so you can’t go wrong with your choice of buyer.
However, if you indeed are thinking about selling your home, there are a number of things you should expect when doing so. From financial to sentimental values, here are a number of other things you should expect when selling your home.
Anyone Can Buy Your Home
As mentioned before, there is a wide array of buyers with different personalities, some in-tune with yours and some contradicting. Either way, one thing you should always remember when expecting this is to keep an open mind as to who gets to occupy your now-previous home.
Also, always remember to undergo your process while adhering to the set rules, regulations, and other policies set by the government of Singapore. Remember to get your buyer to undergo a thorough background check in order to ensure that whoever gets to occupy your home is of no threat to you and/or the neighborhood your home is located in. Another thing about this is to check if your buyer is financially capable of purchasing your home and covering other expenses.
Numerous Negotiation Efforts
When you set a price on your home, expect that some potential buyers aren’t too keen on purchasing your home just yet. Sometimes, buyers may think the price is a bit too steep for them while others may think that the price you’ve set for your property is outright unreasonable.
With that said, many buyers would try to negotiate with you and lower the price on their terms. Once this happens, the best way to handle it is to meet your buyer in the middle. Whether going high or low, it’s always important that you and your buyer reach a consensus.
As with any process when selling your home, buyers would want to have a peak of what they might get. They would want to see if the property you’re offering to them is up to par with their standards and convenient enough for them to live in or be able to make minor adjustments.
When expecting this, it’s very important to maintain your home’s conditions. Everything from its structure and appearance should be well-maintained for your potential buyer’s viewing satisfaction. That way, when they see that your home’s conditions are in-tune with what they’re looking for, they may just make a deal with you right then and there.
Constant Communication with Your Housing Agent and Your Buyers
Since selling your home is a good way to make a profit, your contact with your housing agent should be constant and stable. That way, you’ll be able to agree or disagree on some terms you or your agent may have set.
Also, the same communication should apply to all your applicants as well. Since you’ll be expecting a multitude of applicants who are eager to purchase your home, it’s important to stay in touch with them. That way, you’ll be able to keep them, and yourself updated as much as possible. Plus, with this constant communication, you’ll be able to determine which applicant closes the deal and inform the others as well.
Rising Demand for Homeowners
With the world of real estate in Singapore thriving as it is today, it’s no wonder that demand for homeowners and other investors are rising today. Since the demand is rising at various paces, it’s especially crucial that as much as possible, you hit your target market.
Here are a few factors that may explain: Since your ideal buyers are of your perception, it’s different when you put in careful analysation and planning with your property that’s up for sale or resale. Either way, it’s important to know what kind of buyer you’re looking for and how to negotiate accordingly.
There are other things you should expect when selling your home. Out of everything that’s to be expected, one thing you should always remember is to keep an open mind with what can happen, when it can happen, and how it can happen, most especially with who can make it happen.
About the Author:
A 22-year-old graduate of graphic design, DIY enthusiast, make-up lover and has a love-hate relationship with desserts. I dream to be soon one of the known bloggers.