As the profitability level of apartments in cities like Jaipur, Delhi, Bangalore, Chennai and various others is increasing; the level of negotiation is also hitting good momentum. What level of negotiation can work? It’s a big question and holds different answers subject to varied conditions. Here are three big questions to help investors find a direction:
What has been the trend of property sales in the area?
Factors like the age of property, the time from which it is up for sale, the offers made and those rejected, the loopholes in the location or property plan and the appreciation value of apartment are quite responsible for assessing the property value which seems fit. This step is likely to give you a wide range for negotiation.
How to make the offer to seek maximum benefits?
Making the offer to a real-estate builder is an art which can help you seek great returns. Always try to first analyse the discount that the builder is offering. That’s your upper boundary. The trick you have to play here is to tell them that you are willing to finalize the deal within a few days if you find it suitable. This will seek the maximum discount from the dealers. When the selling party knows that you are a sincere buyer, they can even consider sealing the deal at the price you call out.
Can brokers or agents really help you?
Agents generally help a lot in negotiation. For a planned deal, it is better to set an incentive for your broker if he leads to a certain level of profitability on the desired agreement. Agents can help project your money in terms of immediate down payment to the builders. Many interests and investment prospects appear clear to builders with the money show from client which leads to easy and effective negotiation.
