REAL ESTATE BENEFITS

DEVELOPERS OFTEN THROW IN SOME ADDITIONAL BENEFITS TO ENCOURAGE PEOPLE TO BUY PROPERTY AT A PARTICULAR STAGE

There are a lot of offers that are made by developers to the investors or to those who want to buy some property. These are usually seen during festive times and hence it becomes very important to understand the nature of the benefit and whether they actually want to make use of the situation. There are various ways in which this situation can be achieved.

Interest discount

One of the best ways in which a property will be sold is by giving a discount to the buyer in terms of the interest that they will pay on the loan that they have taken for buying the property Most individuals take a loan for the purchase of a property and they will be made an offer whereby the rate of interest on the loan is reduced for a specific time period so that the individual is able to pay a lower amount when it comes to the loan repayment figure. This is expected to encourage people to go in for buying at this current stage.

Less cost

There can be some additional benefits that the developer will throw in so that a person is encouraged to buy the property at this particular stage. The benefits can be extremely varied and would range from the availability of several additional services for the individual to enjoy in their new house to the fact that they might even get far more than what they would have normally received by paying the amount that they are actually doing. This can be reduced charges for parking or it can be additional services in the house. These benefits would vary from developer to developer and the individual will have to make a correct evaluation of the offer that is made to them.

Freebies

There are often several freebies that are thrown in when a developer would like to increase sales and this can include free membership at some local club or some other benefit. Some developers might provide several types of furniture in the house or there might be some add-ons for the individual without him having to pay more. There are several variants that can be adopted when freebies are thrown in and the individual will have to be alert about the kind of benefits he is receiving and whether these are actually worth going in for.

Discounts

The last thing that developers often offer is discount in the price of the property. This is used as a last resort and creates a situation that is in favor of the buyer. It gives the buyer a good value for money by brining down the cost. In most cases the discount is available for a few days within which the prospective buyer has to take a decision.

FACING REALTY

There are a lot of offers in the festive season
One common offer is for a reduced rate of interest
There are also some cost reductions for buyers
Free gifts are also thrown in to sweeten the deal
The last resort is discounts in the actual rate sales

Courtesy: HT dtd:- 4th Feb 2008