9 Reasons Why Brokers Should Focus on Resale Market

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As we are passing through slow growth period, brokers should focus on resale rather than primary sale. Primary sales are easy to do as builder does lot of advertisement and there are lot of options for the same property.

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9 Reasons Why Brokers Should Focus on Resale Market

  1. 1. 9 Reasons Why brokers should focus on resale market
  2. 2. Lot of inventory • There is a lot of inventory yet to be possesed • So investors have bought the units but no one to use it. RE/MAX Mumbai Gujarat Maharashtra
  3. 3. High interest rates • Historically high interest rate has kept EMI unaffordable • Hence salaried class still cannot buy homes – which is the bulk of Indian consumer RE/MAX Mumbai Gujarat Maharashtra
  4. 4. Plan pass complexity • Thanks to regulation changes by State governments : Passing a plan for a new project is very difficult. RE/MAX Mumbai Gujarat Maharashtra
  5. 5. Central government regulation • The new central govt regulations require all requisite permissions even before a single booking is done. • This increases the cost • It also delays new projects RE/MAX Mumbai Gujarat Maharashtra
  6. 6. Sand mining restriction • Critical component of new construction- Sand is now a scare commodity RE/MAX Mumbai Gujarat Maharashtra
  7. 7. Inflation • High inflation increases the cost of construction • Reduces the disposal income of people to save for real estate investment RE/MAX Mumbai Gujarat Maharashtra
  8. 8. Slow Economy • Economy growing at less than 7% doesnt have enough saving for a real estate boom • Economy set grow at 5% for few more years. RE/MAX Mumbai Gujarat Maharashtra
  9. 9. Life of property • Life of a property is 50 years and it changes on an average 5 owners before its redeveloped. • The total sale of second hand car is more than new cars in India RE/MAX Mumbai Gujarat Maharashtra
  10. 10. A lot of options : • The past real estate boom has left a lot of options • Each unit is unique and hence requires special selling RE/MAX Mumbai Gujarat Maharashtra
  11. 11. Thank You RE/MAX Mumbai Gujarat Maharashtra

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