Tips for Home Sellers in South Delhi Area in the COVID 19 scenario
“A well-located & a well-priced home will always sell!”
Many investors, property owners, potential home buyers, builders and landlords are asking themselves: Is the corona crisis also affecting the real estate market in South Delhi area? Are South Delhi luxury property prices rising or falling due to the coronavirus? Dr. Property research arm of SouthDelhiPrime.com will get to the bottom of these and similar questions in the following. Due to the current market dynamics, we will regularly update the contents dedicated to COVID-19 and real estate.
Are South Delhi Luxury property prices rising or falling due to the coronavirus?
- South Delhi market has always been demand-driven. In the current situation developers will not buy new projects and we can foresee that in the next 6 months supply will reduce.
- Ready to Move in South Delhi builder floors (both old and new) will be in high demand and sellers should be firm on their prices and should look at striking deals with single digit negotiation.
- There will be no appreciable reduction in floor prices in South Delhi area, as the sellers of old houses are absolutely not ready to make any reductions, and raw material and labour costs will rise. So if input costs don’t reduce, sale prices cannot reduce.
- There will be a temporary slowdown in sales. Only Capital Gain reinvestment purchasers and families who have already sold joint properties will immediately come forward to purchase. Others will wait and watch for next 2-3 months, and then come to the market after daily life systems stabilize.
How South Delhi Luxury property sales work in the corona crisis?
The crisis caused by COVID-19 raises the question for many real estate owners, builders, whether a property sale can be carried out safely at present while social distancing is a new norm.
SanD / SouthDelhiPrime.com has the most modern, digital tools at its disposal to handle South Delhi home sales even when personal inspection of a property is no longer possible.
SouthDelhiPrime.com is developing a 3D platform to give a floor plan & layout idea to the potential home buyers. We are doing virtual tours, hangout meets and zoom video conferencing to showcase properties of our sellers to the potential home buyers.
Can You Sell a luxury House During Coronavirus Pandemic?
Staying safe and using technology to sell a home, builder floor, duplex, penthouse apartment or a 2-3 bhk floor in posh area like Vasant Vihar–Shanti Niketan, Greater Kailash–Pamposh Enclave, Green Park–Safdurjung Enclave, Defence Colony, South Extension, Jorbagh–Golf Links Areas. Our digital platform like 3D brochures, virtual tours and presence on all video conferencing & digital platforms can definitely make property sale work even in uncertain times like these.
- Open House is no longer an option. In this modern era of the COVID-19 pandemic, there is the need to show a house in the safest way possible. Both the home buyer as well as seller, have to remain safe. Strong digital presence is a way forward to make home sales in South Delhi area with customers having good access to all the web-enabled means.
- Instead of physical tours, you as a home seller may consider virtual tours of your home, floor, duplex or a penthouse apartment. A detailed, complete, and compelling virtual tour of your property can eliminate the need for a home tour or home showing. Instead of taking potential home buyers physically up the stairs, do it through a virtual tour. While it does not replace an in-person showing, a virtual tour can help prospective buyers come to know the house better, and even give them time to formulate questions about the property.
To help investors and agents protect their real estate business during these tough times while staying healthy and safe, we’ve put together some tips for home sellers in South Delhi area on how to go about buying and selling your home, duplex, penthouse apartment, builder floor, Commercial property in the time of COVID-19.
SouthDelhiPrime.com tips to luxury Home Sellers:
- Create a video and photograph tour of your home – with full details like whether it’s a builder floor, duplex, penthouse apartment, 2-3bhk floor, slit parking, with lift, residential property or commercial property.
- Keep your home as clean as possible.
- Take this time to think what little repairing and sprucing up of the property can increase the resale value of your house.
- Allow Advisors to get 1 client in a house at a time.
- Fix showings by appointment only.
- Real Estate Advisors are armed with gloves and wipes and everything is wiped down before and after a showing.
In these times it will be advisable for Sellers to look at giving exclusive mandates to trusted Advisors who can help in filter clients and also ensure that the COVID 19 protocols are followed.
SanD / SouthDelhiPrime.com, we have earned the reputation of being South Delhi’s most innovative Real Estate Firm – and go to specialists for NRI buyers, sellers, developers, landlords and companies around the world looking to establish themselves in India & for Indians considering business expansion in South Delhi posh colonies like Vasant Vihar–Shanti Niketan, Greater Kailash–Pamposh Enclave, Green Park–Safdurjung Enclave, Defence Colony, South Extension, Jorbagh–Golf Links Areas.
Though the COVID-19 pandemic might have stalled your home selling spree temporarily, it does no harm to know some unique ideas to sell your property faster when the nationwide lockdown is over. As a seller, use this time of social distancing to create a virtual tour of your home, knowing that you will be able to show it soon!
Happy Selling!
Southdelhiprime.com a Digital Venture of SanD Advisory Pvt Ltd. is a boutique real estate advisory & transaction company, having advised the who’s who of South Delhi on their real estate assets. We have special expertise in high value transactions & dispositions in South & Central Delhi. With over 500+ clients, SanD has done transactions worth millions. DoctorProperty.in, our online expert will respond to some of the common questions we’re receiving regarding buying a house during this pandemic.
