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Today’s real estate market is very competitive and cut-throat. Both buyers and sellers need to be very careful and cautious of what they put out in the market as their reason to buy or sell. Several websites like 91estate can help with making the final decision. Depending upon the type of buyer you are, the decision-making process differs.
The retail buyer
The retail buyer can be an individual, family or a first-time buyer. These buyers are typically looking to purchase a place for themselves or family and essentially to live there. Therefore, their idea of a place is very realistic, practical but at the same time, more often than not, their budgets are limited. Their decision of buying a place depends on the location, financing, and practicality of the place.
The investor
Investors are people who like to buy and flip or to rent out properties for the primary purpose of making profits. They are not interested in buying a place for staying purpose and hence for them, the key criteria for making the purchase is that place requires little or no renovation so that it can be given out for rent or sale as is. Certain investors also get involved in fixing up a place before selling it at a higher cost.
Hybrid Buyers
Hybrid buyers are those that do not wish to relocate to the property but have the financials to make a purchase. They prefer to buy places which can be easily rented or leased out. These properties are typically low maintenance and require little or no renovation.
Whether you fall into one bucket or the other, it is important that you plan and research the type of property you need along with some introspection on your financials to decide what can, should and will buy.
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