Step-by-step guide on how to sell property in Singapore
1. Hire a real estate salesperson: Engage the services of a professional real estate salesperson who is knowledgeable and experienced in the Singapore property market. Ideally, choose one who has a strong social media presence for better credibility. Your salesperson will assist you with pricing, marketing, negotiations, and closing the sale.
2. Determine the market value of your property: Your real estate salesperson will help you determine the market value of your property based on recent sales of similar properties in the area.
3. Prepare your property for sale: Ensure that your property is in good condition and make any necessary repairs or renovations to increase its appeal to potential buyers. This may include cleaning, decluttering and staging the property to showcase its best features.
4. Marketing your property: Your real estate salesperson will create a listing for your property and market it through social media and online property portals. They will also arrange for property viewings to be conducted by prospective buyers.
5. Receiving offers: Once your property is on the market, you may receive offers from interested buyers. Your real estate salesperson will help you evaluate these offers and negotiate the terms of the sale.
6. Closing the sale: Once you have accepted an offer and the buyer has met all the terms and conditions of the sale, the sale can be closed. Your real estate salesperson will assist with the preparation and execution of the sales and purchase agreement.
7. Transfer of ownership: Upon completion of the sale, the process of transferring ownership of the property will be taken over by a conveyancing lawyer. You need not worry about the details of the transfer as the lawyer will handle it for you.
Note: This is a general guide and the exact steps may vary based on specific circumstances, such as the type of property being sold, the terms of the sale, and prevailing regulations.
2. Determine the market value of your property: Your real estate salesperson will help you determine the market value of your property based on recent sales of similar properties in the area.
3. Prepare your property for sale: Ensure that your property is in good condition and make any necessary repairs or renovations to increase its appeal to potential buyers. This may include cleaning, decluttering and staging the property to showcase its best features.
4. Marketing your property: Your real estate salesperson will create a listing for your property and market it through social media and online property portals. They will also arrange for property viewings to be conducted by prospective buyers.
5. Receiving offers: Once your property is on the market, you may receive offers from interested buyers. Your real estate salesperson will help you evaluate these offers and negotiate the terms of the sale.
6. Closing the sale: Once you have accepted an offer and the buyer has met all the terms and conditions of the sale, the sale can be closed. Your real estate salesperson will assist with the preparation and execution of the sales and purchase agreement.
7. Transfer of ownership: Upon completion of the sale, the process of transferring ownership of the property will be taken over by a conveyancing lawyer. You need not worry about the details of the transfer as the lawyer will handle it for you.
Note: This is a general guide and the exact steps may vary based on specific circumstances, such as the type of property being sold, the terms of the sale, and prevailing regulations.