For a property buyer, the Property Developer or Builder is the most important person in the life till the sale deed is signed. In most of the cases, the property developer occupies almost 100% mind share during the buying process. He may throw a lot of surprises and unexpected events in your life. Based on my experience with property buyers, i can conclude that hardly 5% property buyers are HAPPY with their interaction with the property developer. In this post, i am using the term property developer instead of the builder. The reason being, anyone, and everyone claims to be a builder. The ... Read More
Marketing Survey – A Gimmick to Influence Your Buying Decision
Recently, a big bang marketing survey was published in one of the leading business newspaper. The marketing survey was all about potential property buyers. One of the key findings of a marketing survey was that 2 out of 3 people are planning to invest in a property in next 12 months. The same day i received few calls and email queries. The potential buyers / investors quoted the reference from the same marketing survey. They asked me whether they should buy the property before the price starts increasing. While going through and answering the queries, i was thinking that marketing survey ... Read More
Property Price – How to find out the Right Price of the Property
Property Price is a bit subjective in nature. In the saturated markets, the property price band is very narrow for a particular area. On the other hand, in the upcoming areas the property price band is as wide as 25%. In most of the cases, a buyer is not able to judge correctly thus end up taking the wrong decision. In my opinion, it is more to do with perceived value. In Mumbai, the "West" side of western suburbs command a premium compared to the "East" Side. For example, The property price in Andheri (West) is high compared to Andheri (East). On the contrary, the rates in "East" side of ... Read More
7 Imp Points Buyers Never Ask Property Seller
Recently one of my clients asked me Which all points i should Ask a Property Seller?. Maybe the buyer is cautious in her approach and which is very good. In one of my previous posts, 5 Questions a Buyer Must Ask a Seller i highlighted queries you must ask a property seller. In this post, we will discuss the imp points which are never discussed with the seller. Some of the points are simply assumed or taken for granted by the buyer. Depending on the case, these points may have future repercussions. It is always advisable to ask a property seller all the relevant queries before you sign below ... Read More