How to Get a Good Bargain on the Property Purchase?
Feb 03, 2020 Home Trading Steps
Property buying is a massive investment for most of us and what better than finding a good bargain for your purchase. A good deal does not only include cost reduction but can also include the addition of some product and services without any extra cost.
Property prices in the market have been seemingly the same for the last five years, and even after the slowdown of the market, the price correction has been negligible. However, the buyer now stands at a place where they can negotiate the price of the property to get a good price.
We discuss the tips that can help you in getting a good deal:
Property prices in the market have been seemingly the same for the last five years, and even after the slowdown of the market, the price correction has been negligible. However, the buyer now stands at a place where they can negotiate the price of the property to get a good price.
We discuss the tips that can help you in getting a good deal:
- It’s the buyer’s market: Gone are the days when the seller had the upper hand in the property selling. With around 7.7 lac unsold units across the country with the unsold inventory piling up with the buyers in the major market, the buyer is indeed the king. The many options with the desired price tag on the property are available across the country, and the sellers are ready to negotiate the price and terms for sale.
- Plenty of options: The market is flogging with unsold inventory, and there is no shortage of choice for the prospective buyer. In fact, there are many options available to match the taste, price and needs of the buyer. There is no reason for the buyer to settle for less when they can get exactly what they want at the price they are willing to pay.
- Low deposit rates: Some buyers won’t need home loan or finance to purchase the property but getting a loan is a good option for the tax saving. However, the deposit rates are quite low right now, it will make better sense to go ahead without the loan if one can afford. Even though the home loan rates are getting reduced, they are still higher than the deposit rates.
- A ready to move in property: With many unsold inventories lying with the developers, it makes sense for the homebuyers to move into the ready to move in homes rather than the investing in the under-construction property. One can negotiate the price for the property and can get the updates or instalments in the ready to move in the house as they require. This help in saving not only a huge amount of money but also protects the homebuyer trouble for waiting years before getting possession of the property.
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