Selling a property in Costa Rica can be a nerve-wracking task, especially for first-time sellers. But that shouldn’t stop you from selling your home. With the right strategy in place, you can sell your property quickly.
Are you too a first-time seller and don’t know where to start? Fear not! Here we will discuss some of the steps to take before selling your property. So, let’s get started:
1. Improve Your Curb Appeal
First of all, you need to make some repairs to your home to enhance its overall appearance. The key here is to attract buyers. But how will you do that?
Let’s say, you are a buyer. Would you ever purchase a home that is full of mess and has cracked walls? Of course, NO! You might have heard this phrase thousands of times – “First Impression Is The Last Impression.” The same applies to your property. If you are successful in winning the buyer’s attention in one go, then selling a property won’t be difficult for you.
However, improving the curb appeal doesn’t mean spending thousands of dollars on renovating. Instead, make some small repairs so that it doesn’t overwhelm the buyers. For example, if you have cracked walls in your home, you can seek professional help from experts to fix them.
When making repairs, don’t overlook the exterior of your property. After all, your exteriors are the first thing that a buyer will notice first.
2. Inform Your Society
If you live in a gated society, it is wise to inform the governing body to obtain a no-objection certificate (NOC). Since all the amenities would have to be transferred to the new buyer, a NOC is a compulsory document to get from society.
Besides NOC, here are some other documents you need to sell your property:
● Title documents, including previous sale deeds
● Sanctioned plan
● Encumbrance certificate
● Sale agreement
● Letter of allotment, if applicable.
These are the important legal documents that are required to proceed with the property’s sale.
3. Get The Property’s Valuation Done
Once you have decided to sell your property, it is wise to get the property’s valuation done by hiring a real estate agent or an agency. However, you can also do some research on your own and check the prevalent per sq ft rate in Costa Rica.
While researching on your own is great, consulting a real estate agent in your area can be a better option. He will help you quote the right price for your property, as per the market trends.
4. List Your Property
One of the best ways to sell your property faster is by listing it on a reputable Costa rica real estate website. We live in an online world where most people prefer to research properties for sale on the internet. Because online property forums have massive reach, you can maximize your chances of receiving queries from genuine buyers. Today, the process of buying and selling properties has become much easier than ever, thanks to modern technologies.
However, the process of listing your property is much simpler. Simply, visit the website and fill in all the details about your property, such as property type, property location, property size, name, address, etc. The listing website service providers will also promote your property on social media and network with other brokerages so that your listing reaches a broader audience.
When you get an inquiry regarding the property, don’t make the buyers wait for hours to get a response from you. Instead, consider addressing their queries and try to respond at least within an hour.
5. Consider Staging
The staging process plays a crucial role in maximizing the full potential of your property. It refers to rearranging the furniture so that it looks attractive and maximizes the use of space.
While staging is not a DIY task, hiring a home stager can be a better option. They may suggest you buy or rent some household items, or they can effectively re-organize your belongings.
6. Depersonalize Your Property
Depersonalization of a house refers to removing personal items to make it easier for buyers to envision their new life in your property. Depersonalization of the home can also help you declutter your space while packing your family photos, furniture, home decor, etc.
In most cases, a buyer may consider how much it will cost to repaint the rooms or kitchen to reflect their style and personality. When you depersonalize your property in Costa Rica, it can help buyers emotionally connect with your home. You may love your home decor, but it may turn off the buyer and they won’t be able to imagine themselves in your property. So, when planning to sell your home, removing your taste from your home can be a wise move.
If the space is neat, the transition might be easier. Besides, less clutter makes the home look more spacious.
7. Cooperate With Home Inspection
Now get ready for the home inspector. Ask your agent to provide you with a home inspection checklist, so you’ll know what repairs should be done in your house. Also, don’t overlook your basement and attic. Don’t forget to declutter your garage, and make sure there’s a clear path for the inspector to get through.
8. Skip Unnecessary Home Improvements
Remember, not all upgrades are worth an investment. For example, if you think that extending a room size can increase the value of your money, then you are mistaken.
So, only go for the upgrades that appeal to the broadest base of buyers. Don’t spend your hard-earned money on unnecessary upgrades which won’t generate higher ROI.
Summing Up
Indeed, selling a property is not an easy task. But it doesn’t have to be. When you have the right strategy in place, you can easily streamline the process.
However, to make your home sell faster, always rely on the advice of a real estate firm in Costa Rica. The agents are well-experienced and give you the best advice.
To sum it up, follow the tips mentioned above to sell your property at the best price possible.
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