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In the bustling Kazakhstan real estate market, selling a property can be a daunting task. To ensure a smooth and successful transaction, it's essential to avoid common pitfalls that may lead to longer selling times and lower final sale prices.
Firstly, overpricing your property is a mistake that can deter potential buyers, causing the property to stagnate on the market. It's advisable to research the market, compare the cost of similar properties, and set a competitive price.
Secondly, investing in the wrong upgrades can waste money without boosting appeal or value. Cosmetic improvements can make a positive impression, but major repairs may not be worth the risk of not recouping the costs. Consulting with a professional can help assess the property's value and suggest ways to maximize profits.
Thirdly, being inflexible in negotiations may lose prospective buyers. It's crucial to remain open to discussions to find a mutually beneficial agreement.
Fourthly, skipping thorough research when hiring a real estate agent risks working with someone ineffective or unreliable. Consulting a qualified local real estate professional or legal advisor can provide invaluable guidance and support throughout the selling process.
In addition, preparing evidence of no outstanding debts for taxes and utilities is advisable. Ensuring no strangers are registered in the property is important to avoid fines. When selling a flat, checking the tech passport to ensure any redevelopment has been legalized is also necessary.
Confusion over ownership shares or heirs can hinder the sale, requiring consent from all owners of the property. If a minor is the full or partial owner, the consent of the guardianship authority is needed to sell the property.
For selling a house, a Form F-1 certificate of no encumbrances is also required. Understanding that the market value assessment provided by an expert is different from the cadastral value is essential. The market value is directly influenced by supply and demand, making it higher than the cadastral value.
When selling a house, it's recommended to check the boundaries of the plot and its intended purpose against the public cadastral map. It's best to replace everything diligently with utilities or inform the new owner about any issues with the water or electrical systems to avoid further problems.
A short video can be a good addition to give potential buyers a chance to see the property "in person". High-quality photos, preferably during the day, can showcase the property effectively.
Lastly, a contract of sale, technical plan, notification of state registration of the right to real estate, and an act on the land are necessary documents for selling a flat or house. Experts recommend tidying up and removing unnecessary items before showings to help potential buyers visualize themselves in the space.
For more property-related tips and advice, subscribe to our Telegram channel. By following these guidelines, you can navigate the Kazakhstan real estate market with confidence and increase your chances of a successful sale.
To maximize the appeal of your property in the Kazakhstan real estate market, it's essential to set a competitive price through market research and comparison with similar properties (finance). Additionally, investing wisely in cosmetic improvements rather than major repairs can boost appeal and potentially increase value (investing). To avoid marketing complications, ensure all property-related documents are in order, including a Form F-1 certificate of no encumbrances, and all necessary parties have provided their consent if needed (housing-market, real-estate).
