Tips For Negotiating Better With Your Real Estate Developer
Buying a home is one of the biggest investments an individual can make. Like any other investment, it is obvious for anyone to expect to get the best possible returns out of it. However, many of us, in our urge and excitement of owning a home, at times a dream home, fail to consider the various other necessary aspects. Consequently, the end result is not satisfactory especially with respect to the amount of fortune that has been put in it. Not being able to find a good real estate developer and failing to negotiate with him in the desired way is perhaps the greatest mistake you can commit if you are on your way of buying a home. So, if you are already in the process of conversing with a real estate developer in Dhaka, follow these tips to strike the best possible deal.
Take a Closer Look at their Portfolio – When you are about to spend a significant amount on something that is as precious as a house, there is absolutely no harm in being a little over speculative. You can always ask your agent to provide you with a list of recent clients that they have assisted. The next step will require you to speak directly with a few of these clients and make an estimate of the difference between the initial asking price and the final sale price. Also, if you find any of these past clients particularly happy or dissatisfied, make sure knowing the precise reason.
Find out How Long they have been in the Business – Experience matters a lot in all professions and the idea holds particularly true for those in the field of real estate. In fact, a real estate developer should have a minimum of 7 years of experience to convince you enough of their ability to understand the market and guide you well in the process. As a thumb rule, it is better not to choose developers with 3-4 years of experience because this will usually imply that they are learning through you and this is certainly not desirable.
Pay Utmost Importance to License and Other Credentials – Dealing in real estate within the boundaries of a particular state or a country as a whole necessitates the developers to hold certain licenses and abide by a set of regulations. Prior to entrusting them with the crucial responsibility of finding you the perfect home at the perfect price, check with the regulatory boards to find out if the person is licensed and whether they have any disciplinary complaints against them. The other regulatory compliances will vary depending on the state in which they are practicing.
Stress on Clear Communication – A real estate developer should ideally be a good speaker as well as a listener. He should have the urge to bring you all the necessary information without you asking for it all the time. The clearer the communication, the better will be the deal.
Keep these factors in mind and get assisted by expert developers who can make you experience the joy of a new home to the fullest.