Selling a property in India involves more than just listing it on a portal and waiting for buyers. Many sellers make costly mistakes that either reduce their sale price or significantly delay the transaction. Here are the top five mistakes and how to avoid them.
Mistake #1: Overpricing your property. Emotional attachment often leads sellers to price 15-20% above market value. This results in the property sitting unsold for months, eventually requiring price drops that signal desperation. Get a professional valuation or use AI tools to understand the fair market price based on recent comparable sales in your area.
Mistake #2: Neglecting property presentation. First impressions matter enormously. A fresh coat of paint (₹30,000-50,000 for a 2BHK), professional cleaning, minor repairs, and decluttering can increase your sale price by 5-10%. Good quality photos are essential for online listings.
Mistake #3: Incomplete documentation. Ensure your title is clear, all property tax is paid, society NOC is obtained, and encumbrance certificate is ready before listing. Missing documents can derail a deal at the last moment and frustrate serious buyers. List your property with Realty Pandit for guided assistance through the entire selling process.