Just like buying an apartment, selling an old flat in Dhaka can be as much exciting. The demand for properties in the capital is surging, and with the right approach, you can get a great price for your ready flat in Dhaka. In this guide, we will cover everything from decorating your apartment to using smart marketing techniques. By following these steps, you will get the best deal on your old flat sale in Dhaka and also stand out in the competitive market.

Invest in Minor Upgrades

To prepare your property for a good deal, investing in minor upgrades is a crucial step. Making a small investment can significantly increase the value of your property. You could invest in giving your flat a fresh paint job. A well-painted space gives the impression of a properly maintained home, and it is also visually appealing as well. Fixtures and fittings are also key aspects that can modernize the look of the apartment. Fixtures are the items of your house that are attached to the property, such as electrical switches, plumbing, built-in wardrobes/cabinets, etc. Replacing or repairing any damaged fixture improves the overall quality of the apartment, and your apartment price won’t decrease because of this. These small details can make a big difference in the eyes of potential buyers and increase the chance of getting a good deal.

Highlight Unique Features

Just like every property, your property should have at least one unique feature that sets it apart from others in the market. Identifying the unique feature can be a game changer for an old flat sale in Dhaka. By unique features, it doesn’t necessarily mean that it has to be apartment-related. Sure, your apartment might have distinctive features like a balcony with a great view or a spacious bedroom, and these are great features to include. But if you can’t find any, you can always look for unique features that your location offers. Everyone looks for a good location when buying an apartment. If your apartment is in close proximity to key amenities such as schools, parks, or shopping centers, you should mention it in your listing or your real estate agent. Facilities and developments in the location can increase your property price significantly.

Photography and Presentation

Potential buyers first see photographs of your property. This is why you need to make sure the photos are high-quality and accurately capture the best features to get the best price for your old flat sale in Dhaka. Furthermore, keep your property clean and decorated to make a good impression on the eyes of the buyers. One great tip to make your apartment look good is to declutter it. A decluttered space looks spacious and catches the attention.

Collaborating With Real Estate Agents

If you want to increase your chances of selling your property at a favorable price, collaborating with a real estate agent is a wise decision. Doesn’t matter if it’s a brand new or an old flat sale in Dhaka; a real estate agent with a proven track record can help you get the best deal. Experienced real estate agents have a wide network of contacts, including fellow agents and sellers. They leverage this expansive network to find serious and qualified buyers for your apartment. They can also reach a broader audience through online listing and social media platforms. Moreover, working with a real estate agent saves you much time and frees you from the stressful process of selling an apartment.

Market Through Social Media

Social media, such as Facebook and other common platforms that people use, can be a powerful marketing tool for your property. There are plenty of groups on Facebook where people look for an old flat sale in Dhaka. Include high-quality images and the key features of your flat. Once you post your property for sale, engage with the audience by promptly responding to comments and messages. Addressing their queries and providing additional information will also help you demonstrate your dedication and build trust with potential buyers.

Set a Competitive Asking Price

You need a balanced approach to set a competitive price for your apartment. You need to consider both the current market trend and the unique features of your property. Begin by researching apartment prices that are similar to your apartment’s size, features, condition, and location. This will give you a clear understanding of what would be a realistic and competitive price for your apartment. As most people collaborate with a real estate agent or are knowledgeable enough about the market, avoid asking overprice for your apartment. An overly-priced apartment will only lead to your property sitting in the market for a long time, which is ultimately harmful to the overall sale process. On the other hand, be careful of underpricing, as you will miss the opportunity to maximize your return on investment. If you want to set the right price, contact a reputed real estate agent to align the price with current market conditions and demand.

Negotiate Wisely

The first step of negotiation is to get a clear understanding of your bottom line. Based on your investment and financial goals, determine the minimum price you are willing to accept for your property. Once the offers start coming in, make sure to maintain open communication and be responsive to their queries. When they make an offer, don’t be afraid to make a counteroffer if it doesn’t meet your expectations. Counteroffering is absolutely normal in the buying and selling process. However, make sure you have enough reasons to justify your counter. Lastly, don’t solely focus on the price but also the terms and conditions. For example, if you want to escalate the process of your old flat sale in Dhaka, you can consider a buyer who can buy the property quickly, even if their initial offer is low.

Conclusion

The points mentioned above are definitely worth taking note of. But ultimately, you require patience and persistence in the real estate market to get a good deal. Besides these, careful planning, execution, and a little investment can get you a very good price from an old flat sale in Dhaka. However, if you ever feel overwhelmed by the process and want to take a simpler path to sell, you can always sell your property with Concord Property Solutions.  

Frequently Asked Questions (FAQ)

How can I make sure that my property stands out online?

A clear and professional photograph with the unique features of the property helps to capture the attention of the potential buyers.

What should I do if I receive multiple offers for my apartment?

Evaluate each offer carefully based on price and settle for the best deal. But you can always settle for a comparatively low offer if you are looking for better terms and conditions.

How long does it usually take to complete an old flat sale in Dhaka?

It depends on the market condition, location and other factors. But, If your property is marketed properly or you have collaborated with a reputed real estate agent, you can complete your old flat sale in Dhaka fairly quickly.

Can I sell my old flat without making any upgrades or repairs?

It is possible. However, this can impact the interests of potential buyers and the final price of the flat.

Can I list my property on multiple online platforms simultaneously?

For social media platforms, you can list your property on multiple platforms. But in case you are engaging a real estate agent, make sure to check their terms and conditions.