Negotiating Tips For Homebuyers in Pune

Negotiation is an important step in the home-buying process. Buying a home is a big financial step and it is not wrong to save as much as you can. Like any location, a real estate company in Pune also needs to sell its inventory and is always open for negotiation. Negotiation is an art, and it takes time to learn this art.

However, we have put together a few tips for you that you can use while buying your home in Pune:

1. Do the research

You should have good knowledge about the property markets in Pune. It is important to know the prices of different types of properties in different locations. Knowing about the configurations and amenities in your desired area is good. Knowing about the demand and supply situation will help during the negotiations. A lot of this information is available online these days.

2. Price comparison

Compare the prices of different projects on offer. The prices for ready-to-move-in will be different from those of under-construction residential projects in Pune. Knowing the prices for projects in the launch phase will also help. By comparing prices of different localities in Pune it is easier to have a negotiation bracket for the location, features, and size of the home you have in mind.

3. Understand the seller

Is the seller in a hurry to sell the property? Are there any drawbacks? Is the seller motivated to negotiate? These are some questions to get answers to which will help in the negotiation process. The real estate agent can provide important insights about the seller. By doing some digging he can understand what the seller has in his mind. If he will be open to negotiation and to what extent.

4. Crafting the offer

You can always make the initial offer without hesitation. The offer should be reasonable based on sound judgment after thorough research. This will let the seller know that you are prepared and cannot be taken for a ride. If you have inspected the property, it will be easy to know if there are any flaws, repairs, or damages that need to be addressed. You can keep these on the negotiation table and ask for a reasonable discount.

5. Negotiation strategies

Don’t get swayed by the representative of the real estate builders in Pune. Stick to your roots and be ready to walk away instead of overpaying. Work with your agent who will have good knowledge about the project, the pricing, and the prevailing market conditions. By involving the agent, you can further negotiate to arrive at the best price.

By following these steps, you will have the confidence to face the builder and their team. They will appreciate the effort and homework that you have put in before sitting across the table.

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