In today’s market scenario, a smart buyer looks for a property ready for possession in order to save on rentals and it is much easier to do it from a reputed Building developer than an individual seller, with whom bargaining might be more difficult. Moreover, builders generally offer attractive discounts and pay-outs, close to pre-launch prices, where the difference might be as steep as 50% and it make business sense to close the deal with such developers.
Please also note that with the rolling out of Goods and Service Tax, hence real estate sector will invite GST at the rate of 12 % with full input tax credit on under-construction properties. However, GST shall not be applicable for ready to move in properties. The good news is that all the Indirect taxes levied earlier have been brought under this blanket scanner, resulting in lowering the cost of property and giving fresh impetus to boost home sales, for the seller. For the buyer, too it results in clarity and uniformity in taxation and therefore, should be applauded as a win-win situation on both ends.
From a prospective seller view point, having Property in Delhi for sale, it would make sense to review the market in order to get a better insight:
Market Research: Know the market trend in your region and how prices are faring, so that you gain a perspective on how lucrative the investment on your property is going to be. A locality which serves more inventory than demand will have less appreciation on cost of property.
Pricing: Location, social and physical infrastructure and convenience affect buyer’s attention. So, the right pricing for the right property is very essential to land a better deal.
BHK Proportion: A 2 BHK apartment always works from a re-saleability or rental point of view but from a residential perspective 3 BHK is the most in demand.
Online Visibility: In this age of social networking, listing the property on various online websites with all relevant details of layout, vicinity and visual evidences gets the maximum exposure from the target audience.
Broker Negotiation: In case, if you do want to save yourself from the time and effort involved in closing the deal, resort to a broker but be fully prepared beforehand to enhance your chances of making well-researched final deal.