{"id":7,"date":"2016-11-06T05:46:14","date_gmt":"2016-11-06T00:16:14","guid":{"rendered":"https:\/\/settlin.in/blog\/2016\/11\/amazing-sale-on-resale-c9de1d60550a\/"},"modified":"2020-05-28T11:50:56","modified_gmt":"2020-05-28T06:20:56","slug":"amazing-sale-on-resale","status":"publish","type":"post","link":"https:\/\/settlin.in/blog\/amazing-sale-on-resale\/","title":{"rendered":"Amazing sale on\u00a0resale"},"content":{"rendered":"<p name=\"b004\" id=\"b004\" class=\"graf graf--p graf-after--h3\">Resale properties are on high demand since the downfall of realty industry. Still they can be bought at a lot cheaper prices.<\/p>\n<figure><img decoding=\"async\" alt=\"Settlin\" src=\"https:\/\/cdn-images-1.medium.com\/fit\/c\/64\/64\/1*x4AO9xQY609LDKN6vXfshw.png\" \/><figcaption><\/figcaption><\/figure>\n<h4 name=\"b9f8\" id=\"b9f8\" class=\"graf graf--h4 graf-after--figure\">Housing is down, but Settling is\u00a0up<\/h4>\n<p name=\"4ac3\" id=\"4ac3\" class=\"graf graf--p graf-after--h4\">Properties were a sought after investment commodity not more than a year ago. They still are in many Tier III pockets of the country, but people in the metros are shying away from them.<\/p>\n<ul class=\"postList\">\n<li name=\"2d63\" id=\"2d63\" class=\"graf graf--li graf-after--p\">Delays by builders.<br \/>Everyone hopes Real Estate Act will do something about it.<\/li>\n<li name=\"ee01\" id=\"ee01\" class=\"graf graf--li graf-after--li\">Decreased returns on investment. A flat in a city like Bangalore hardly gives you a 5% year-on-year price growth trajectory. Rentals were always low earning (2\u20134%).<br \/>On the other hand, the home loan interest rates are still the same at around 10%.<\/li>\n<\/ul>\n<p name=\"6ba1\" id=\"6ba1\" class=\"graf graf--p graf-after--li\">While the investment sentiment has been shattered, the utility segment is still on the track. It will always be. Everyone can afford to take his\/her salary a week later, but not his food. Need will always win over entertainment, obligation, or investment.<\/p>\n<blockquote name=\"0171\" id=\"0171\" class=\"graf graf--blockquote graf-after--p\"><p>We may stop buying houses and apartments, but we will always buy a home.<\/p><\/blockquote>\n<h4 name=\"142f\" id=\"142f\" class=\"graf graf--h4 graf-after--blockquote\">Resale is cheaper than you\u00a0thought<\/h4>\n<p name=\"e441\" id=\"e441\" class=\"graf graf--p graf-after--h4\">While people are doing that, they must be given the knowledge that they can spend a lot less than what the market is telling them. While builder may be selling a flat at 6000 INR \/ sqft, the some owner might be selling his at 4500 or less. Builders can not decrease the price because they have already put a lot into making it. Early stage investors though, put merely 3000\u20133500 and are still getting a good profit at 4500.<\/p>\n<p name=\"3159\" id=\"3159\" class=\"graf graf--p graf-after--p\">This is specially for people who think that the builders will give them good 2\u20133% discount, while brokers will cheat them for a 1%. Go to agents, they may help you find a much better deal.<\/p>\n<h4 name=\"104b\" id=\"104b\" class=\"graf graf--h4 graf-after--p\">Settlin optimises the\u00a0price<\/h4>\n<p name=\"8ae1\" id=\"8ae1\" class=\"graf graf--p graf-after--h4\">Believe it or not. We are the best at what we do. And what we do is ensure that a property is sold at the right price. It is beneficial for both the seller and the buyer.<\/p>\n<p name=\"7342\" id=\"7342\" class=\"graf graf--p graf-after--p\">Say, a seller bought a property for 80 lakhs a couple of years ago, and now wants 1 crore for the same. That is what he puts on the classifieds. Lots of people visit it. But no one buys. Because there are cheaper properties in the market, and its actual worth is just 90 lakhs. Seller generally does not know about that (but, we, at Settlin, have the data and analysis to figure out the current worth).<\/p>\n<p name=\"faab\" id=\"faab\" class=\"graf graf--p graf-after--p\">Generally, it takes months before he can realise his folly and slash down his prices. Or better for him, prices increase in a year and he can sell his property now for 97 lakhs. Awesome, right?<\/p>\n<p name=\"d152\" id=\"d152\" class=\"graf graf--p graf-after--p\">No. Had he sold his house in 90 an year ago, he could easily get an 9+% interest on any of the investment products in the market (FD gave 8.5% in July, 2015). He could have easily invested the money in another property at a lesser rate (mind you, the property prices have increased a year later). So he is not benefiting anything from a delayed sale.<\/p>\n<p name=\"f5cb\" id=\"f5cb\" class=\"graf graf--p graf-after--p graf--trailing\">So it is in the best interest of a seller to bring their rates to the market value, and we ensure that they understand that. So, a buyer always gets the best price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Resale properties are on high demand since the downfall of realty industry. Still they can be bought at a lot cheaper prices. Housing is down, but Settling is\u00a0up Properties were a sought after investment commodity not more than a year ago. They still are in many Tier III pockets of the country, but people in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[10,9,2],"tags":[],"class_list":["post-7","post","type-post","status-publish","format-standard","hentry","category-buy-property","category-investing","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amazing sale on\u00a0resale - Settlin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/settlin.in/blog\/amazing-sale-on-resale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazing sale on\u00a0resale - Settlin\" \/>\n<meta property=\"og:description\" content=\"Resale properties are on high demand since the downfall of realty industry. 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