Negotiating house price with builder can be very tricky for a first time home buyer. In this video, I have shared how to negotiate flat price with builder, how to use flat cost sheet to get maximum discounts, how to use flat valuation to quote offer price and how to take help from real estate broker to get best deal on flat from builder. I have also shared few home buying negotiation tactics to help home buyers get best deal from builders.
This video Includes
Flat Price to Negotiate on :
A flat price comprises of agreement value also know as sale consideration or consideration value and other charges. Ideally, a home buyer must negotiate on agreement value as stamp duty and registration charges are calculated on the agreement value and getting discount on agreement value will result into additional savings of 6-7% on the discounted value. In case of an under construction flat, GST is charged at 5% on agreement value and 18% on other charges. So getting discount on agreement value will result into additional savings in GST value.
Home Buying Negotiation Tactics :
While negotiating home buyers must start by negotiating price for a non PLC unit and once they have received maximum discount on the base price they should discuss PLC charges and try to get discount on them.
Things to consider in property deal
1. Show genuine intent to buy the property by giving a cheque to negotiate best deal
2. Do not adjust free modular kitchen and wardrobes value in discount as building them on your own will be expensive and time consuming
3. Calculate the fair market value of the flat before going into negotiation process
4. Know what type of broker you are dealing with and take his help to get maximum discounts
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About This Channel
Objective of this channel is to help young Indian know the unknown about buying a property in India
My mission is to educate young Indians about property buying process, starting from
1. How to find & buy your first house
2. How to invest in Indian real estate and make passive income
3. How to create wealth from real estate
4. Learnings for property buyers from real estate case studies
Who Am I?
A Realtor, Entrepreneur, Investor & Educator
I have worked with top developers of the country, have been an entrepreneur into Proptech space & a real estate investor for last 14 years
I want to share what I have learned to help you make a better informed decision based on awareness
You can reach me
Email: info@flatsandkeys.com
Whats app no: 9625111400
#flatpricenegotiation #howtonegotiatewithbuilder #negotiatehouseprice #homenegotiationtactics
4 июн 2023
