How to avoid dealers?Posted In CategoryBuying Property
RRahat 1 year ago
How to avoid dealers and buy directly from the owner?
AAslam 1 year ago
You can avoid dealers for sure. But then the risks are yours. Few of those are (1) fake project, plot, ownership (2) less knowledge of background and potential of the project (3) unsecure deal (3) authenticity of documentation for purchase/transfer (4) hassle of getting the purchase/transfer docs completed and getting registered and so on ......
IIrfan 1 year ago
This industry (the middle men) mostly steal out of the deal their hidden commissions on top of the legit 1% from both parties. And in good reputable societies e.g., BT, both parties can go to the BT Office and get the transfer without much of the risks mentioned above.
SSajjad 1 year ago
The reason behind this is because ordinary buyer seller not know genuine market price of property.
TTalha 1 year ago
In case of goods where genuine price is known to buyer and seller, there people can trust on websites. For example in case of cars people buy and sells on Pakwheels website. There are also middle man there but real customer also visit pakwheels.
HHaneef 1 year ago
Mr. Rahat gives a reason behind this?? because ordinary buyer-seller does not the know genuine market price of the property.
SSaqib 1 year ago
I agree with most of the points. However, in a free market, demand & supply equilibrium sets the price - aka the break-even point.
AAzaan 1 year ago
By meeting with a person and having discussion you can judge many things. To double check ask the price of same property from different dealers.
AAbbas 1 year ago
Biggest culprits are societies management (real land-mafia) who basically own these dealers and make them do dirty deals and create fake market values of plots. Honest dealer cannot survive in these societies. They will kick him out. They will not even register them to do business.
AAdil 1 year ago
It seems about 50/50, private vs dealer. So then, is going to a dealer with a 30-day warranty, all other things being equal, a better choice?