How To Negotiate Property Purchase?

Q: Buying a real estate property is a pretty expensive transaction and thus it is important to make the right decision. Several factors determine the price of the property like the demand it has in the location and the nature of the defect it has. The price of the property is increasing steadily and thus it is important to determine the present value of the piece. To lock down the best deal, you can follow certain tips and negotiate over the price better. Before making any purchase, you need to know about the builder from the reviews and the feedbacks. If there is any Cheating Case Against Builder filed in the past, you must refrain from choosing that builder.

Priya Jain,

12th October 2017

Builder Review in Mumbai

how to negotiate on property purchase?

how to negotiate property deals?

how to negotiate a good deal?

negotiating tips

Follow Discussion

Also see discussions for

Mumbai Builder Review Builder Review in Mumbai

Replies (2)

Those who are looking for price negotiation, they have now more chance of getting a fair price. Since the developers are moving through the phase of liquidity, the home sales are sluggish and sellers are more open to negotiation. In the present market, there is more inventory of property when compared to the number of buyers and thus you have chance for innovative negotiation with the developers.

Priya Jain,

24th October 2017

Comment

Yes, if you will negotiate well, you can enjoy savings not only on the purchase price, but also on stamp duty and home loan. Here are the few tips for safe buying......a) Research the market, b) take emotion out of the equation, c) research the property, d) stick to your budget, e) reason for sale, f) payment terms and, g) influence of the Financer and the Broker.

Arushisha, Mumbai

24th October 2017

Comment

Yes, developers are going through a phase of liquidity crunch. As home sales continue to be slow in many parts of the country, they are becoming more open to price negotiations. This is the time when you can get a good deal if you have good negotiation capacity. In the current market where there is huge inventory of new properties than buyers, there is chance for good negotiations with developers.

Shreya Agarwal, Mumbai

24th October 2017