Rising Real Estate Prices And Group Home Buying

The high costs of real estate purchases are what drive people to buy homes in groups. If you do not mind the ever rising prices of real estate, you must be wearing rose tinted glasses or maybe living the dream life. The costs of buying a home have risen so high that you would need to be a millionaire to even be able to buy a decent sized house. This is why many people prefer to pool their resources to buy one. Ever increasing prices Some people often walk into the cubicles of bank officers and ask them whether the prices of real estate have gone down or not and they receive an answer in the negative all the time. This is one of the reasons why people do not invest in real estate much. However, when in groups, they can get decent discounts that would help them buy a house of their dreams without having to worry about how they are going to finance it. Demands have gone unnoticed Many demands have been made by people in the past to increase the floor space index and reduce the prices of houses. However, these have fallen on deaf ears. Most people would like to buy a house in the urban areas rather than the countryside. So, they do their best to save up as much money as possible. However, by the time they save up some money to buy a house, the prices would already have gone up further. Renting is a hassle Renting houses and constantly shifting from one house to another is a major hassle. Sometimes, you would end up wondering why you have to live on a rental basis all the time when you can buy your own house. Group home buying is the solution to this problem and this would not only give you discounts...

Why Group Home Buying Is a Viable Home Purchase Option

It seems that when builders and a group of buyers get together, then a mutually beneficial agreement can be worked out! This is what group buying is all about. Since the past few years, group home purchase has been touted as a viable home purchase option for those looking forward to get handsome discounts on home purchase, which is a win-win situation for both home buyers as well as for developers. Advantages to home buyers The typical home buyer is constantly in search of the best deals they can get on home purchase. Individuals cannot negotiate for a better deal as compared to those that form a group with those having interests similar to theirs. Otherwise, the transaction cost will be quite high for developers. As individuals, people would not have the power to make a deal with the developers, but united as a group, they will stand together to get the best deals on their home purchases. Typically, the percentage of discounts given to a group would be somewhere between 4 to 10 percent, meaning that if you spend INR 40 lakhs on a home, you would stand to gain INR 4 lakhs. Compelling proposition for property developers Group buying is also advantageous to the builders in that they stand to gain more money, when they sell houses to a group even after giving them a discount for bulk purchase of homes. The down payment is usually high in a bulk group home purchase. In the era of uncertain stock market and high interest rates, the higher down payment is a blessing for those developers, who are cash-strapped. Moreover, developers get a market that is readymade and they do not have to spend a dime in marketing homes to the buyers. This reduces their cost of selling and therefore, they are able to give the customers handsome...

Reducing Customer Efforts

Whenever consumer wants to go for buying new houses, they have go through a series of processes, like searching for the property, sorting out the proper location, deciding upon the affordable price range, and finally contacting other friends and colleagues, if they also want to get hold of a dwelling place in that very vicinity. There are several online portals, which can cater to the demand of the consumers regarding purchasing a new home. Having contractual agreements with several reputed builders and contractors, they can assist the consumers in a more efficient way. For more information about purchasing a home, kindly go through the pages of...

Young People and Group Buying

These days’ young people get high incomes at the start of their career itself. This means that they are in a position to purchase homes at a much earlier stage than generations past. But they would also like to get these homes on a budget that is reasonable. This is where getting together as a group and buying a group of homes turns out to be so useful. They could even get their colleagues from office and make the purchase. Maybe they could ask their company to arrange some useful group loans with a bank so that they can avail some good...

Safe and Sound buying

Buyers always quest for best deals while making a purchase. No buyer wants to spend a penny extra if that deal is available in a lesser price. Homebuyers look for cost effective houses camouflaged with superior quality and lavish interior. One of the popular methods of getting your accommodation in lower prices is Group Buying method. All you need to do is allow any online group home buy portal to take your headache. Register yourself with a trustworthy group home buy website and provide your predilection to them. They will club you with groups having cultural, societal, economical and ethical similarities. You can choose to stay with your kind of people in the locality you wish to. The portal brings together, trustworthy sellers and potential buyers. The parties with mutual understanding indulge into trading of homes. Where, a seller saves on marketing and earns immensely by selling large blocks of properties in bulk, buyer enjoys the privilege of getting housing at discounted prices. Group buying is not only cost efficient but also a safe and secure deal. You need to work upon eliciting the information concerning varying prices charged by various sellers and make a wise choice. An aware customer will never come in the seller’s tricky...

Bridging the gap between Buyers and Sellers in real estate

Buying homes in groups is a recent trend in real estate business promoted by group buying services to enable individuals get their dream homes and avail an array of benefits. How does it work? Individuals joining group services for buying homes get a wide choice of buying their homes of choice while availing multiple benefits which otherwise would not have accrued if buying individually. While home owners get these benefits, real estate developers find this platform an ideal one where they are able to sell properties in lots through a single deal. Advantages for buyers Multiple benefits are obtained by buyers joining groups for buying homes which include: Saving time and avoiding the hassles of buying independently Choosing from a wide range of homes Saving on cost of paying brokerage Avoiding taking any risk by making deals with unscrupulous sellers Having a direct access to reputed builders Legal validity of documents and title deed Process of documentation at every stage of the deal handled by expert attorneys Sanctioned plan and clearance from municipal authorities Staying with likeminded persons as a society Advantages for sellers Sellers also get many advantages through group selling which include: Selling a large number of homes to group buying services through a single deal Making profit in quick time through selling in lots Saving on paying brokerage to real estate agencies Brand promotion made instantly to large groups Get listed in the websites of group buying services for being available to a large number of members Able to analyse the value of the homes and make a...

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