The selling price should be based on recent transactions, current listings, property condition, location, road width, floor, parking, lift availability, building age, rental income and market demand.
A seller may need:
The time depends on the property's location, asking price, legal documentation, market demand, condition and availability of serious buyers.
Correct pricing and complete documentation can help reduce the selling period.
Yes. The outstanding loan must be settled during the transaction.
The seller, buyer and bank usually coordinate repayment, release of original documents and transfer of ownership.
A property sale may attract capital gains tax.
The final tax depends on the purchase price, sale price, period of ownership, improvement costs, exemptions and the seller's residential status.
Keep the documents ready, clear outstanding dues, repair visible defects, take professional photographs, remove unnecessary items and decide a realistic asking price.
Common reasons include:
