Real Estate Virtually

Internet has a major role in pacing up our lives almost on every front. The emerging virtual world of the real estate is a good example of it. People prefer to search for a product online before they actually buy it and it applies to property search as well. Online property search is catching up fast, be it a residential or a commercial plot, building, flat or office space. A customer can view all the options available on the internet and shortlist those which are relevant to his needs.

So for people, who want to sell or rent property, it’s an advantage to be on the internet because-

  • It’s a cost effective medium as compared to other advertising mediums like the newspaper or the TV.
  • Gives you more space to describe your property than a print media classified ad where you are being charged for each column centimeter.
  • You ad has a longer life on the net and can be viewed for months unlike a newspaper ad, which fails to survive beyond one day.
  • Buyers from any part of the country can view your ad thus increasing the reach of your ad exponentially.

Tips on Selling

  • Decide a selling price for your home that would give you some profit but don’t overprice it at the same time. Too much of overpricing will drive away prospective buyers and your property might remain unsold in the market for a long time, eventually losing it’s appeal and people may not want to buy it later on.
  • Make the entrance of your house tidy and attractive as it will create a good impression on the buyer’s mind when he comes to visit your house.
  • Involving a property dealer is a good thing to do as they have hands on experience in getting these deals done and they are aware of all the legal formalities involved.
  • If you have time on your hands, put your home for sale at least 3-6 months before you want to move. This won’t let you settle down for a hurried deal and won’t let a buyer take undue advantage of your haste.

Tips on Buying

  • Before you begin searching for a house, you not only need to keep in mind your current needs but also consider your future prospects. How long do you plan to stay in that house? Will a need for more space generate in the future? And so on.
  • Do a check for leakages, dampness of walls, drainage system, water and electricity supply, water logging etc. of the house you are planning to buy.
  • Create a list of good and bad points along with the prices of all the houses you have visited and rate them accordingly before finalizing one home you will buy.
  • It’s good to involve a real estate professional when getting into property deals because they are aware of the risks involved and know how to handle property deals. But choose your home yourself as you’ll be living in it, so even if it takes a little long to find the ideal home, let your word be the last word.