- Things to keep in mind after selling a home
*The present slow-moving real estate market has posed the maximum
competition for the sellers. Everyone who is in a need to sell his/her home
is in a race to attract buyers, follow the various advices given by experts
and do their best to extract the best deal. After listing the home,
following the best approach to sell the home fast, and handing over the
keys to the new owner, the seller takes a sigh of relief. However, there
are a few minor steps still left in the selling process. Even after selling
the home, the ex-homeowner should take a few steps to invest the money
safely and ultimately save money.*
*Once you sell the house, you should safely keep all the paperwork related
to selling and handing over of the property. The paperwork will help in any
issue that you might have in the future regarding the previous dues of the
property. The paperwork also helps in filing of the taxes and for producing
the documents in case the authorities demand them. Apart from the sale
documents, one should also keep proof of all the prior purchases, property
tax receipts and any major installments done in the house.*
*After collecting the money from the sale of the house, choose your next
home very safely. One should not be pressured and should take ample amount
of time while deciding the next purchase. As buying and selling require
different skills, a change in the agent can also be considered. Hiring the
right agent is very essential for making the right purchase. *
*One last calculation that one should make is regarding the down payment.
It is recommended that 20% should be kept for down payment of the next
house. In case the purchase of the house is on the basis of full and final
payment, one should consider the future income and financial stability.*
*Source : Makaan Researach Team*
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