However, on selling the property at this juncture, many are of the view that it’s better to hold on for some time. Harinder Dhillon, GM, marketing, Raheja Developers, says one should refrain from selling right now as the market is bouncing back. “A lot of projects recently launched have generated a fantastic response in the market. Rates have already started climbing up in select areas, and the rest are poised for growth in the next few weeks. One should wait, as in a few months’ time, a seller will get a much better rate for the property.” Agrees Vijay Jindal, CMD, SVP Group. He says that to reap the benefits in the seller’s market, one should wait as the market is really down. “It is better to wait. The reason is that property in the primary market is much cheaper than property in the secondary market. People are preferring to invest in new projects rather than going for the secondary market.” So now to serve people we are here. This is our new website to find Good and smart properties from allover the india. www.personalpropertyagent.com
However, keeping a few basics in mind will work well in this scenario. Rohit Malhotra, CEO, Realtech, feels that in both the cases one should consider key factors. “For those buying, it is prudent to look for better prices (as liquidity is still an issue) and they can drive better bargains. For sellers, depending upon the need to liquidate the assets, it is better to hold on for another six months and take it from there.” Be sure not to overlook the primary do’s and don’ts whether you are buying or selling off in this market. In the case of buying activity, analyse your requirement before going in for any transaction in the market, adds Mr Dhillon of Raheja Developers. According to him, if the requirement is for a ready-to-move-in property at a prime location, prices have already started firming up so it is better not to delay any further.
Legal issues together with well drafted documents relating to broker agreements must be thorough. Varied financing options must also be explored completely before finalising a property deal. Apart from the location, an important aspect to look into is the project, adds Vijayakar of C&W. “Factors such as credentials of the developer, construction time line and actual location vis-a-vis surrounding infrastructure should be taken into consideration before finalising any purchase. This is especially true in the case of purchase for investment purposes.” Make your decision after careful consideration of all the factors in play. As long as your judgement to buy or sell is a well thought out one, it is bound to give you a profitable edge
still this dose not satisfy ur needs ? Find it out on personalpropertyagent.com
No comments:
Post a Comment