Corona virus Pandemic has affected the entire economy including the real estate sector. There are several properties and projects that are vacant without any buyers and hence the property prices are already low in many locations. However, you can do these things to negotiate for a lesser price for a flat during the Corona virus pandemic:
a. First of all, get the current market rates of the property as well as the property rates before the pandemic in the area you wish to buy a property. Now compare the rates and show the comparison to the builder. The builder would know that you have researched about the rates and would not quote unreasonable price
b. Compare other projects in the locality and get the price quote of those properties. Now try to convince the builder to lower the price. Always state 20% less than the current property price so that you get a fair deal.
c. Try to find the number of vacant units in the project. The more the vacant units, higher the chances of reduction in the price.
d. Don’t be too eager to close the deal. Take your own time and try to get upgrades on the flat. Also ask for a festive offer!
e. Try getting discounts on other miscellaneous costs like club membership, parking slot cost and so on.
You can even get a home loan through NoBroker in case you don't have sufficient money to buy your dream home at the moment. You can use NoBroker's Home Loan Calculator to check your home loan eligibility:
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How to negotiate for a flat during the Coronavirus pandemic
Atanu Basu
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1
5 Year
2020-10-04T07:22:50+00:00 2020-11-12T12:17:29+00:00Comment
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