Which is the Best Stage to Buy in Property?
Mar 28, 2017 Home Trading Steps
Often buyers struggle with when to buy the property. When will be the best time to invest in it? What will the risk involved with them?
There are four phases in which a buyer can invest: the pre- launch stage, the launch stage, the completion stage and the re-sale stage.
1.Pre-launch stage:
This stage is also known as soft investment stage and is the riskiest stage as the entire project is dependent on the approvals. Buyer’s money could be at risk indefinitely if the approvals are not acquired on time. This is also the stage where the major price difference is seen. It is advised to check the background of the developer before finalising the property. Check if they have delivered their previous projects on time and research on the reviews online for their previous projects. If a buyer is satisfied with the background check and investigation, you may go ahead.
Also, check for the prices of other properties in the same locality. If the developer is charging you higher than the rest, there is a good base for negotiation.
2.Launch stage:
This is the best stage to invest in the property. The developer would have received all the approvals from the authorities and government bodies. The prices in this stage are minimum and as the project starts the price of the property will keep increasing. By the time the buyer gets the possession of the property, it will be ready to fetch a good price.
There’s also some risk involved in this as the project can come to halt or slow down due to some internal friction.
3.Completion stage:
This is the least risky phase. The property you are investing in has already completed construction and is ready to move in. The prices in this stage increase a lot as compared to the pre-launch stage. Also, the buyer is at the advantage that he is investing in what he sees. It depends on the buyer as for what he is buying the property, for investment or for immediate use. It is best if the buyer is looking to move in soon.
4.Re-sale stage:
This stage has its own advantages and disadvantages. The property is already built and the locality is developed. With this, you get what you see, and there isn’t any risk of any promise not being fulfilled.
Also, if someone was living on that property previously, then the buyer might have to invest in some maintenance and wall paint. The seller might charge a higher price for the property.
Before buying any property, a buyer must do a proper research on the developer and seller.
There are four phases in which a buyer can invest: the pre- launch stage, the launch stage, the completion stage and the re-sale stage.
1.Pre-launch stage:
This stage is also known as soft investment stage and is the riskiest stage as the entire project is dependent on the approvals. Buyer’s money could be at risk indefinitely if the approvals are not acquired on time. This is also the stage where the major price difference is seen. It is advised to check the background of the developer before finalising the property. Check if they have delivered their previous projects on time and research on the reviews online for their previous projects. If a buyer is satisfied with the background check and investigation, you may go ahead.
Also, check for the prices of other properties in the same locality. If the developer is charging you higher than the rest, there is a good base for negotiation.
2.Launch stage:
This is the best stage to invest in the property. The developer would have received all the approvals from the authorities and government bodies. The prices in this stage are minimum and as the project starts the price of the property will keep increasing. By the time the buyer gets the possession of the property, it will be ready to fetch a good price.
There’s also some risk involved in this as the project can come to halt or slow down due to some internal friction.
3.Completion stage:
This is the least risky phase. The property you are investing in has already completed construction and is ready to move in. The prices in this stage increase a lot as compared to the pre-launch stage. Also, the buyer is at the advantage that he is investing in what he sees. It depends on the buyer as for what he is buying the property, for investment or for immediate use. It is best if the buyer is looking to move in soon.
4.Re-sale stage:
This stage has its own advantages and disadvantages. The property is already built and the locality is developed. With this, you get what you see, and there isn’t any risk of any promise not being fulfilled.
Also, if someone was living on that property previously, then the buyer might have to invest in some maintenance and wall paint. The seller might charge a higher price for the property.
Before buying any property, a buyer must do a proper research on the developer and seller.
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