Tuesday 29 July 2014

Hitting the Rock- Bottom in the Real Estate sector

It’s much better to get a good deal instead of a better bargain. It is true in the case of purchasing the dream house. People looking to buy a house demand of a more positive and a flexi deal.
There is a scarcity of liquid cash and almost all the real estate developers are going through the same situation. The sales statistics reveals a very sluggish move and a low movement. In the present time there is a far more inventory of newly constructed properties and the buyers are also looking towards for a much more innovative negotiation with the real estate developers.

The realty developers are in immediate need to get some liquid cash to make the situation little bearable.Understanding the trend in the present time is extremely important. It is also equally important to know the recent market happening it will also help the prospective buyers to make a heads strong deal at the negotiation table.

One very important guide line is that if the particular property remains unsold for a longer time the dealer and the developer might be keen enough to give away at a very flexible deal. But all this still depends on the market and the trend research done by the interested customer.

One should also carry out an intensive analysis of the prices of the property. This could be done by comparing the launch prices and well as the current selling prices. It is also suggested that the client should keep a track and also inquire about the property concerns and reviews (prices) by the realty experts and other dealers who are skilled and experienced at the same time. Taking all such measure an individual can sketch out a picture revealing the approximate discount for himself and then he or she can use it later for a reference which will help him to draw inferences at the time of finalizing a deal.

The major things that are essential in price are the cash flow system and also the negotiations. The developer might give away a better and a very cheap deal in case if he is falling short of cash or in a cash trap situation this could be main due to a number of inventories left unsold. Those developers in such a condition will like to  clear  their old stock by generating liquid cash.

Hitting at the office at the right time is also equally essential. One should always talk to the sales     team from the developers firm to get a fair deal. The sales team should be informed about your keen interest and also should know your eagerness over buying the property. The serious buyers often receive good discounts followed by serious and genuine negotiations.

Making an upfront will also be of a great help as many of the builders and developers are keen on selling their inventory as soon as possible. Buyers with immediate ready cash receive higher attention. It is also suggested that one should always buy directly from the realty developers and try to avoid the use of intermediaries but this again is case specific. Thus, negotiating a deal is not a small affair and it takes a lot of time in closing a deal. Lastly it is suggested that one should not be surprised even if the deal is not closed at the negotiated amount hence there are certain deals which are closed at an offered price and are mutually agreed by both the parties keeping the price tag in middle that too at least on a lower side.

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