Selling property in Sri Lanka is similar to selling property in other countries. The process involves the valuation of the property, the hiring of an agent if necessary in addition to the creation and presentation of relevant details, and the final documents.


Real Estate Lanka has prepared a list with important points for property sellers who are first time buyers.


WHERE TO VALUE The LAND


The importance of valuation is when it comes to selling property in Sri Lanka where the government requires every property sold to be assessed prior to selling. A government value can differ in a small amount from the sale cost of the property. This is because some properties had lower registered values in the past. If the house was built on vacant land within the last 20 years the property can be sold for the land value as well as the property value. Property that was built prior to the 20th century are sold for their land values.


LET PEOPLE KNOW


Buyers choose different channels to find properties; offline and online. However, offline methods remain popular in Sri Lanka. However, because of the growing demand for properties in Sri Lanka, the number of people looking for homes online has grown by 9 percent annually. Advertise properties online for less, attracts more attention , and permits sellers to add the most details they want to.


If visit real estate lanka to buy cheap houses in colombo are advertising on the internet, be sure you upload high-quality photographs taken by a professional since photos have a greater tendency to draw potential buyers in and explain the property's characteristics as needed. An additional feature offered by advertising online is that the location of your property using Google maps and multiple contact details can be provided for a small cost. Announcing that your property is available for bank loans is a method to boost the confidence of prospective buyers and create more transparency.



Present THE Property


First impressions are crucial regardless of whether you are selling your property by phone or email. It is a good idea when you have DIY tasks to tackle. An impressive property captures the heart of the buyer instantly, which makes it more difficult for them to negotiate.


Lead management allows you to arrange an inspection date with any potential buyer prior to the time you sell your property. The best time to sell your property is during the weekend when potential buyers are free from everyday chores. Therefore, ensure that the weekends are free of all chores.





This is the most important aspect of the deal. Once you have agreed on an amount, you need to write it down. Make sure to handle the paperwork with the help of a lawyer to make sure the transaction is legal. The buyer should also consult his own solicitor to examine the title for any inaccuracy. Most of the time, transactions for property in Sri Lanka involve a cash transfer. The buyer is entitled to, upon having signed the contract and received an advance payment, to pay the rest of the purchase price within the specified time.


That's it! You've just sold your property.