Common Mistakes Buyers Make: Avoid These Pitfalls When Buying
Mistakes cost you time and money. Here are common pitfalls and how to avoid them:
1.Avoid Hard-Sells at Kiosks in Hotels, Airports and Malls
Quick meetings don’t give adequate insights for one to take an informed decision. Always take time to research and understand the offer fully before committing.
2.Don’t Put a Downpayment on the First Meeting
Developers may create urgency with claims of limited availability or spot discounts. Don’t rush into making a downpayment during the first meeting. Evaluate the offer, compare it with others, and ensure it aligns with your needs and budget.
3.Avoid 10% Guaranteed Return for 10-Year Products
These offers often have hidden drawbacks and are usually slow-moving products with inflated prices. Assess the actual value and potential of the investment rather than being swayed by guaranteed return offers. A guaranteed return may sound appealing, but it often lacks true value for money.
4.Be Wary of Developers Offering 15-20% Discounts
Substantial discounts might indicate inflated initial prices. Evaluate the property’s true market value and avoid being lured by artificially created discounts. Discounts can be tempting, but they often mask the actual cost and value of the property.
By keeping these tips in mind, you can navigate the buying process confidently and avoid common pitfalls.
Remember, informed decisions always pay off in the long run. Take your time, do your research, and don’t be pressured into taking on spot decisions.
For in-depth insights and professional advice on the UAE real estate market, reach out to us
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Senior Property Associates / Property Associate
Realintel is in its nascent expansionary phase, on the lookout for driven individuals to join hands in our onward journey. The ideal candidate would have previous real estate experience in the UAE preferably, strong market knowledge with existing client relationships.
Role & Responsibilities-
Good knowledge of the rules and regulations surrounding the UAE Real Estate market
Negotiating with prospective buyers and clients
Building on existing relationships and building network
Self-generating leads through cold calls, marketing and networking
Following all company generated leads
Keeping up to date with market trends in the local property market.