The
festive period is traditionally seen as one of renewal and forward planning
times as per Indian customs and, Akshay Tritiya is one of the most favoured
days to do home buying.
Akshay Tritiya, a festival which is celebrated on
the third day of the first half of the month of Vaishakha, symbolises
prosperity. It is also believed to be one of the most auspicious days during
which a lot of people invest in property. Real estate players expect that this
year, the festival may improve the sentiments and enhance sales.
The day has a great significance for people who wish
to invest in property. It is believed that if you invest money on this day, the
property’s value is bound to appreciate.
How
to ensure a good deal
· Property movement would be slower
resulting in huge stock of unsold inventory.
· Developers, too, would be keen to
dispose of old inventory and won’t mind offering decent discounts.
· Real estate brokers would be
relatively free due to lower sales and can help you strike a good deal.
· Any new launch would mean an addition
to the stock of unsold inventory, which would prompt desperate sellers to lower
their asking price.
· With lower demand for credit, banks
would be keen to offer preferential rates to the potential buyers for their
home loan.
How
to ensure you get the best buy…
·
Keep a sizable portion in cash form
to negotiate hard.
·
Be firm with the pricing.
·
Ask for freebies like stamp duty and
registration in the deal.
· Offer a lower figure than your
planning budget & then negotiate upwards
·
Offer a higher commission to your
broker if he fixes the right pricing.
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