Last Updated:
One of the most persuasive reasons to sell a property now is the skyrocketing prices across many urban and semi-urban areas
Buyers are actively seeking properties, and their motivation is driven by a combination of factors. (Representative image)
As the real estate market undergoes significant shifts, the current landscape presents an unprecedented opportunity for property sellers. With evolving economic conditions, shifting buyer preferences, and emerging market trends, now is an essential moment for property owners looking to sell and investors to consider capitalising on their real estate assets. Here’s why selling your property today might be your most strategic decision.
1. Prices at All-Time Highs
One of the most persuasive reasons to sell a property now is the skyrocketing real estate prices across many urban and semi-urban areas in India. After a prolonged period of stagnation, the market has rebounded, driven by increased demand, infrastructure development, and a growing economy. For those who purchased their property years ago, this is an excellent opportunity to cash in on substantial returns. Sellers can benefit from significant capital appreciation, allowing them to realise their investment gains and reinvest in more lucrative opportunities.
2. Rising Demand for Ready-to-Move-In Properties
The demand for ready-to-move-in properties has surged, especially in the wake of the COVID-19 pandemic, as buyers prioritise convenience and immediate occupancy. This trend is particularly noticeable among first-time homebuyers and families looking for hassle-free transitions. As buyers become increasingly discerning, properties that are move-in ready are often sold at a premium. Sellers can leverage this demand to command higher prices and attract motivated buyers who are willing to pay top dollar for a property that meets their immediate needs.
3. Increased Buyer Motivation
Buyers are actively seeking properties, and their motivation is driven by a combination of factors. Many are looking to make a purchase before anticipated interest rate hikes or changes in housing policies. This surge in buyer urgency creates a window of opportunity for sellers to leverage their property’s appeal and attract motivated buyers.
4. Tax and Financial Considerations
Timing can also play an important role in tax planning and financial strategy. For sellers, understanding the tax implications of a property sale and potential capital gains is crucial. Currently, there is a notable opportunity to benefit from reduced tax rates on long-term capital gains (LTCG). The tax rate on LTCG from the sale of real estate has recently been reduced from 20% to 12.5%.
This change in tax rates means that selling now can offer significant financial advantages. The lower LTCG rate allows sellers to retain a larger portion of their gains, making it an opportune moment to capitalise on appreciated property values. Additionally, selling at this time can align with broader financial goals, such as reallocating investments or funding new ventures, while also benefiting from the reduced tax burden.
Market Timing and Investment Opportunities
The real estate market is cyclical, and while current conditions favour sellers, future trends could shift. By capitalising on the current market dynamics, sellers can not only achieve favourable sale terms but also position themselves advantageously for future investments. Whether seeking to upgrade, downsize, or diversify investments, selling in a strong market ensures that sellers have the flexibility to make informed decisions about their next steps.
The confluence of favourable market conditions, increased buyer motivation, and rising property values make this an opportune time for sellers. By taking advantage of the current real estate environment, homeowners and investors can achieve optimal results and set the stage for future success. The time to sell is indeed now, and those who act strategically will reap the benefits of a dynamic and flourishing market.
-The author is Co-founder and CEO of NoBroker. Views expressed are personal.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Readers are advised to check with certified experts before making any investment decisions.
