Selling or renting a property is a very important decision and needs a lot of deliberation, one wrong move and you can end up with a really bad deal. You cannot be careless while making such decisions, it is very important to conduct proper research and weigh out the consequences of every option before arriving on a decision. Hence, it is advised to take the help of Vedic Astrology to determine the best time to sell/rent a property because there are a few months in the year that will bring in more profit if a sale is made during that time.
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Selling a house is almost like a gamble, if your luck is good you will be able to get a good price for your property. However, experts suggest that certain times of the year bring in more profits for the seller of properties. They will be able to get the best price for their house during this time. The months of June to August are said to be the best time to sell houses, as this is the time for summer vacation so many families move during this time hence the sale of houses goes up during these time periods. Reports have also suggested that the months of May and June recorded the highest seller premiums. People who are looking to buy a property feel that summer vacation is an ideal time, as there is no school and they hope to move in before the school begins so they act fast and invest in properties. All in all, if you are looking to sell your house, summertime will be the best time.
The property market is not the kind that stays favorable throughout the year, it too faces some downfall and that happens during the winter months that is the months of December and January. Experts believe there are various reasons for this unprofitability. First is the commencement of the new school year so people are hesitant to make a change of home which reduces the number of buyers in the market which in turn puts downward pressure on prices. The second reason might sound silly, but is true and that is the cold weather. People prefer to make a change of house in the summer months rather than the winter months. Lastly is the holiday season, the winter months witness a number of holidays, so there is a lot of traveling because of which many people don’t wish to buy properties during this time.
This is a dilemma faced by many, but considering the real estate reforms being given by the government, it looks like 2021 can actually be a good time to purchase a house. The pandemic has been putting downward pressure on prices which is expected to continue till 2021. The interest rates have also registered a downward trend, which means buying a house will become cheaper in 2021. The procurement of loans and the interest rate on them will lower which will make it easier to buy a house. An important factor to take in account is your income and savings, if you have been able to maintain a steady income and have enough savings then 2021 shows some good prospects and you should go ahead and purchase that house.
There are various factors to consider while deciding if now is the right time to sell your property. First is the impact of the pandemic on the real estate market, which depends on country to country. The Indian real estate market has seen a fall in real estate prices. However, experts suggest that the summer months are the best time to sell houses, as this time period has seen the highest sellers premium and the highest sales. This is due to various factors, longer days, and the presence of vacations. In conclusion, it is a controversial question, and it depends on various factors. So it is advised to consider everything carefully before making any decision because putting a property on the market at the wrong time can have serious consequences.
Following are the steps to be followed while selling a house in India: • Deciding to sell the house and hiring an agent who will ensure the process goes on smoothly. • Next, the price of the property is assessed after considering various factors like the location, total area, age, and the current market trends. • An agreement has to be made with the agent which will have all the details and the commission percentage of the agent. • The Next step is to prepare a Vendor’s statement which will have all the details needed by a prospective buyer. • After this, the seller can advertise the property by uploading pictures on various sites or even newspapers. • The agent acts as the mediator between the buyer and the seller and auctions the property in case of multiple offers. • Lastly, the contract is signed after all the details of the sale have been worked out by the banks and lawyers of both the parties.