Dev Singhraha
Relocation Expert
The real estate sector in India has been witnessing a downfall in business since the last couple of years. The real estate developers are stuck with thousands of unsold apartments all over the country. To back up this argument, recent surveys have indicated that hundreds of apartments in the once rapidly growing Wakad area of Pune are unsold even after completion of the project for several months now. This underwhelming response of home buyers and investors in real estate has however brought down property prices in metros by many notches. Hence, it is a great time for those seeking to buy themselves a dream home in prime areas of the city. Moreover, in these prevailing conditions, potential home buyers should now explore the option of buying the flats directly from investors instead of opting to buy property straight from the developers. Buying a property from an investor has its fair share of advantages. So let us have quick look as to why you must consider buying property from investors:
 
Why it is beneficial to buy an investor apartment:
In existing conditions, property prices have come down remarkably in almost all the major cities of India. Due to the lacklustre response to the upcoming as well as completed projects, builders, as well as investors, are finding it difficult to sell their properties. As a result, one can buy an investor flat, which is generally ready to move apartments for far cheaper prices than they used to be. Since the investor would have already verified the legal standing of the property, the home buyer can be assured on that front. As mentioned earlier, investor properties give the added privilege of ready-to-move for buyers which erase the issue of delayed possession. Moreover, it is relatively easy to procure home loans on resale apartments since the property is already verified. One also gets the benefit of already developed physical and social infrastructure.

If we look at the flip side of the idea of buying an investor property, we can notice certain disadvantages too. Although it is pure luck if you are able to get a great deal on the investor flat, most of the times you would find such properties a bit costlier than the properties sold by the developer. Moreover, there would be certainly less room for negotiation due to a limited number of choices as investors have limited inventory to offer.
 
Should you opt for an investor flat in the existing market conditions:
Real estate builders all over the country are offering properties with various offers right now. However, with under-construction projects, there is always a risk of delays in possessions of flats and unfulfilled promises. In contrast to this situation, investors offer the facility of ready to move apartments. Also, you get to see all the amenities practically in case of an investor flat. So there is little room for baseless promises by the selling party.

It is worth noting that buying a flat from the investor is same as that buying in the primary market. All the documentation process concerned with registration and stamp duty, legal charges, taxation is same in both cases. If the home buyer has necessary funds and is willing to move immediately into the new property, then, buying a resale flat from an investor is the optimal choice.
Looking for property portal?

Leave your comments

Comments
Be first to comment on this article
Level up! Take your property mission ahead
Post Property for sell or rent
Quick Links

Top

Disclaimer: Homeonline.com is a Real Estate Marketplace platform to facilitate transactions between Seller and Customer/Buyer/User and and is not and cannot be a party to or control in any manner any transactions between the Seller and the Customer/Buyer/User. The details displayed on the website are for informational purposes only. Information regarding real estate projects including property/project details, listings, floor area, location data Read more