Evaluate the Sales Claims Made by Real Estate Developers

Builders sometimes make dubious and false claims which make the buyers feel that they are at a gain but the experts point out that these are just marketing hypes and nothing else. They doubt how much of truth these claims have. For the buyers to know the real picture we gather few of the experiences of the experts with the builders and try to caution the buyer.

Know the selling secrets of Real Estate Developer

Prices always escalates

While selling, the builders always claim that the properties never go down in value which is a wrong claim. They also claim that the rental prices of the

properties would definitely go up but that can also be a trap as there is a great difficulty in predicting the trend of rental prices. These claims that the builders make has to verified by the customers and the buyers.

Lowest prices in the area

This is another instance where the builders are witnessed to claim that this is the most

affordable or low cost apartment in the place. In that case you should compare the square area of the other flats sold in the area and not go by the total price. The maintenance and the attendant charges have also to be taken into account. This also can be a hidden way of procuring the money from the customers. 

Claim of timely delivery due to Penalty clause

The penalty clause does not insulate the builders to finish the projects in time as few of the builders tend to include this penalty clause just to avoid any

compensatory claim. But these cheques bounce many a times. The others fix a compensation upper limit as per the agreement. It is better to talk with the lawyer while agreeing to all of this.  

They persuade the customers by telling about revised rates

There is no reason why the rates of the property would go higher with the given situation and the developers being more desperate to sell than the buyers

are to buy.  This is because the builders are in requirement of liquidity more than the buyer wants a home. Selling pre-launch projects without approvals was an ideal example of this but as per the revised rule no land developer can sell their projects without developing it properly. So this kind of statement that the rates would go up and would be revised soon is just a persuasive statement for the buyer to buy the product.

 Check the sample flat properly

Remember that the sample flat is always made in a way to look bigger and even the lighting arrangement is done in a way to seem the space to be larger

than it is. There may be even wooden partition walls to make the area seem bigger. The position of the sample flat is also such which receives most of air and sunlight but your apartment may not be such in the location you are allotted your apartment.  Don't day dream for it and avoid committing any emotional mistakes while buying real estate.

Builders claim that the money paid is refundable

It is not difficult to understand that a builder so starving for liquidity won’t be able to return

the customers’ money so easily on cancellation.  Few of the developers deduct 10 percent, others deduct 20 percent and still there are few who do not return the booking amount of the customers at all.   

Better to ask for a cash discount than the freebies

The freebies are another hindrance which increases the cost as the adage goes “nothing is

free.” In these cases if the builder is tied up with any financial institution or the bank you can get a better deal by approaching the bank directly.  Instead of accepting the freebies offered by the developer one should ask for a direct cash discount.  

Builders claim that they are tied up with the banks

The builders often console and assure the customers saying that they are tied up with the financial institutions and the banks. You need to see that the project is endorsed by the bank and only then can they claim that they are tied up with the banks.

But even if the project or the developer is tied up that does not mean that you will easily get the loan. It simply means that the chances of getting the loan from that bank are more than from other banks. 

       Any way as there are developers who are manipulative in their approach, there are genuine ones too. The customers need to look at these aspects and then judge the case and know that how much of truth is there in the statements that the developer is making. Find some genuine source or online reviews for discussing on the project or the offers of developers.