Selling your property in Singapore is not easy and even more so for first-time sellers. It is important to know the process to sell private property. Here’s a comprehensive guide to help you through each step
1. Valuate Your Property and Set an Asking Price
Determine Your Home’s Worth And Pricing Before Listing  Your Home. Research other properties and the market trends in your area to set a fair price for asking. Using a property valuation tool will help you to determine a reasonable price that potential buyers will find acceptable.
2. Find a Reliable Property Agent
A seasoned property agent can do wonders for selling your property. With your property agent taking care of all the paperwork, writing up a great ad and conducting viewings, you can just worry about your other priorities. Choose agents who have done many trades in your area to gain from their understanding of the local market
3. Educate Yourself on the Selling Process
Read property guides to better understand the selling process. By doing this, you will be able to form better decisions and manage expectations while working through the property market.
4. Enhance Your Property’s Appeal
To attract potential buyers, consider staging your home Make things more presentable by decluttering and cleaning with a nice aesthetic. Rooms and spaces that are well lit tend to sell better. Ensure your home looks its best through photography and viewings.
5. Allow Viewings of Your Property
After your property has been listed, your agent will conduct viewings. If you’re still living in the home, keep it tidy and yourself and your family presentable for viewings. A buyer’s first impression matters and a clean and organised space can help.
6. Negotiate the Best Price
Be prepared for negotiations once you receive offers Understand your rock-bottom price and be prepared to negotiate with buyers for an amount you both agree upon.
7. Hire a Conveyancing Lawyer
It’s necessary to hire a conveyancing lawyer to help you with the sale of the property. If you wish to sell an HDB flat, you may use HDB’s lawyers, or you can use a private lawyer for convenience.
8. Issue the Option to Purchase (OTP)
After you’ve found a buyer, you can issue them the Option to Purchase (OTP) for a fee. This is the document/contract which give the buyer the exclusive right to secure the property within a period that is not longer than 21days.
9. Complete the Sale and Prepare to Move Out
Your lawyer will oversee the completion of the sale and ensure it is signed and paid for. Once the finalisation of the sale of the house has begun, it’s time to move out of it.
Ready to sell your property? Contact me for professional assistance.
