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What is preferred Possession on time or rate discount?

Introduction

An immediate Delivery is a delivery event that happens at a time required, when it is most effective and useful whereas a price discount is a valuation strategy where items sold at high prices initially, are later offered at a reduced price to the consumer. In the case of home buyers, who at most times opt for under construction properties, in a real estate setup, immediate delivery is a big concern. However, due to the recent high prices of real estates, many real estate investors and home buyers are opting for under-construction project that allow them to stay within their budget and what they can afford and in respect to this, the Property sellers are giving immediate delivery at an extra cost.

Price discount Vs Immediate delivery

The different property buyers have different priorities in their buying, owing to different views on the best option between price discount and timely delivery. A property buyer may opt for an immediate delivery in cases where they are looking for end-use and in turn living in a rented accommodation may choose to go for an immediate delivery if they are looking for investment purposes. The different needs and priorities of different buyers determine the property buying to either opt for the immediate delivery or price discount.

Points to consider before choosing between price discount and immediate delivery

  • Before the property buyers decide on a property to buy, they should consider their priorities and take into account the calculations of cost against benefits of the two options.
  • The buyer should take into considerations the opportunity cost and at the same time do the analysis of the cost-benefit factor.
  • The buyer should make sure that the provider does an immediate delivery of all the needed amenities.
  • The buyer should take into account the security aspect and the infrastructure surrounding the project to make sure the region and area around the project is habitable.

Checklist before you finalize on a home

  • The property buyers should take into account the schemes the property providers use to lure them to invest in their projects.
  • These considerations include;
    • Approvals and commencements whose validity should clearly be stipulated in a full commencement certificate.
    • Layout where the buyer should put into account the present and the future developments around the project, the scheme that the project is developed under.
    • The property buyer should look into the available services in the area such as parking spaces and figure out if the project under development is in line with the social and the legal requirements of the region/ nation.
    • Title which is understandable, well put out, and clear enough to have a title certificate. The certificate validity is provided by the property provider valid.

What the buyers should do

Before the property buyers decide on which strategy to use, they should make sure to do enough research, look deeply into the property developer and how credible the team working on the project is as well as making sure they surely get the value of their investments and a better deal.

You can also consult Propbuying the best real estate agent in Pune if you have decided upon buying a property, as they have years of experience in dealing with property buying and selling they will be in a better position to help you.



This post first appeared on Propbuying Reloters Pvt Ltd, please read the originial post: here

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What is preferred Possession on time or rate discount?

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