How do I know the deeds are OK?
At Simply Property we only ever list properties that have already been legally pre-vetted. If it’s listed with Simply Property, you can rest assured that you won’t run into any issues regarding legal ownership of the property that is for sale.
I’m interested in a property on your website. How can I arrange a viewing in person?
Please get in touch with us by phone or email. One of our knowledgeable and trained agents[k1] will arrange to give you a guided tour of the property, usually within 24 hours.
Is the price negotiable?
This really depends on the seller. At Simply Property we like to keep things as simple as possible. We will try to keep both buyer and seller appraised of the current situation regarding a priority.
Do I need to have all the funds available?
Whether you are financing your new property purchase or buying outright, it’s definitely best to have your all your financial ducks in a row in advance. Properties move very quickly here in Sri Lanka – if your finances are not ready to go the seller is likely to move onto another buyer and you are likely to miss out.
What legal work do I need to take care of before selling my property?
We pride ourselves on only representing properties with no legal ownership issues whatsoever. Therefore, before your property can be listed with Simply Property a thorough legal deed check must be carried out. You can take care of this yourself and show us the legal, documentation. Alternatively for a simple low fee[k1] , you can leave it to us – we have a legal team in place to efficiently give you all the legal proof of rock-solid deeds you need.
Can I keep using my property until I sell it?
Of course you can. However it is worth bearing in mind that for both photography and viewings, it can often be more convenient and attractive for prospective buyers if the property is open and uncluttered.
How will I get paid?
That is ultimately between you and your buyer to decide. However we will certainly be there every step of the way to ensure your sale goes smoothly and that no risks are taken by either party.
How long will it take to sell my property?
Of course this depends on the property and your price point. However you can rest assured that when listed with Simply Property, your listing will gain focused exposure to your target market. Usually, if you need to sell quickly, demand will be there if you price your property accordingly. On the other hand if you would rather name your price and play the long game until a buyer meets your desired value we will work with you every step of the way.
How will you market my property?
At Simply Property we believe there is no one-size-fits-all method to marketing a property. Through a combination of print and online advertising, word of mouth through our extensive client-base and beyond, and matching buyers with specific purchaser requests, the availability of your listing will be seen where you want it to be.
Should I rent out my property long term or short term?
You should base this decision on two things: How much usage of the property do you wish to retain for yourself, and how confident are you of turnover of short term tenants. Short term rentals can be lucrative if turnover is high, but they are can also difficult to manage yourself. Fortunately, we offer a managed rental service to remove this burden for you. We also offer complete Airbnb management packages for your property that can help you avail yourself of the lucrative tourism market without taking on any extra hassle.
Can I keep using my property until I rent it?
Of course you can. However, once your property is on the market it’s a good idea to keep it as tidy and uncluttered as possible so it’s always ready for viewings and photography.
How will you market my property?
At Simply Property we believe there is no one-size-fits-all method to marketing a property. Through a combination of print and online advertising, word of mouth through our extensive client-base and beyond, and matching buyers with specific purchaser requests, your listing will be seen where you need it to be.
How much do I charge up front?
This is really up to you. It is standard in SL to charge tenants anything from 1-3 months rent as a security deposit, however by reducing the upfront costs for your tenant a little you may find yourself able to reach a wider market, without compromising your financial security. We will be there to advise you every step of the way.
What exactly is commercial real estate?
In general, the term refers to any property in a business context. It could refer to office space, industrial property, agricultural property etc.
What are the major differences between a commercial and a residential deal?
Although many aspects of the deal will be similar, there are some significant difference when transacting commercial real estate. In the residential market outright sales are more common. Commercial property on the other hand is very commonly leased instead. Commerial property is often owned by large holding companies who often eneter into long term leases with various businesses. The lease periods are often long: three, five ten years or more. Whichever end of the deal you are representing, we will help you through the process step by simple step.
How does the legal situation differ with commercial tranactions?
Commercial properties are held to the same standard of thorough legal pre-vetting as every other property type represented by Simply Property. If the legal ownership situation / right to lease isn’t crystal clear the property simply won’t be listed with us. In addition some types of commercial transactions can have additional legal implications, particularly with regards to zoning and land use. Our expert team will walk you through this so you have all the information to hand for a simple transaction.