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10 things you should consider while participating in an online property sale

The online era has added a lot of ease in our life. We can now buy anything online, be it grocery for the home or an entire house itself. Yes! It is true. Many developers have associated with e-commerce platforms to sell their projects online. As the rule of game, they offer heavy discounts as well. Gradually, it is gaining momentum in the market. Brands have created their own success stories and benchmarks by increasing sales digitally.
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In this scenario where everyone is coming online, it becomes very important for consumers to find the right product at the best price. Trust is something which is still questioned in the e-commerce segment. Real estate is already a trust-deficit sector. Therefore, we list out ten things to keep in mind while selecting and buying property online.
  1. Check the location – Firstly check the “Where”. Search on Google Street to know the exact location. Location is one of the key components of pricing in real estate. Please do visit the place if possible or get in touch with the locals to understand the infrastructural developments around (Roads, Connectivity, Network, Supermarket, Airport, and Metro etc.).
  2. Developer’s background – Cull out information about the developer, his background and development track record. Explore their digital and social presence e.g. Facebook, Twitter, LinkedIN, Instagram, news, comments and reviews to check any controversy around the developer or the project.
  1. Research on their past projects – Crosscheck developers past projects, delivery and possession. If possible, communicate with its residents to know about the quality and other services.
  1. Read News and check the brand value – Keep following your favourite or filtered brands and stay updated about the current happening in the market. Keep a close track of market developments to narrow down your decision to purchase.
  1. Compare other products – Compare the selected brands and their value in the market. Connect with dealers to know the price discounts and seasonal offers. Dealers are always the best source for such information.
  1. Set a budget – Currently, there are many options in the market which may lead to confusion. Set a specific budget to further narrow down the purchase decision. It will help to hold a specific ticket size.
  1. Check the terms & conditions (Devil lies in details) – this is one of the most important aspects as we often tend to miss the contractual part. It is very important to read through the whole contract and then make a decision.
  1. Offline deal – Connect your local consultant, dealer or the broker to know the offline market scenario and price discounts. Compare it with online sale to calculate actual discount.
  2. Booking refund availability – Most of the portals offer to book a house with just a token amount. Before doing any such transaction, do crosscheck the refund policy. You would not like to block your fund in a wrong option.
  1. Construction update – Ready to move in apartments are always the best option. Generally, you might find a project at a low price with a later delivery date. Please make sure about the product and match it with your convenience.
Buying a home is a lifetime achievement. It is thus, necessary to safeguard your investment than to shed tears afterwards. Many a times, developers do come out with excellent offers online; one just has to keep a track of it. Happy shopping!
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