Pre-Approved: The New Buzzword for Realty Investors!
Every one of us might be feeling a little frustrated by the fact that our data is out there in the open, up for grabs, for corporates to be carpet bombing the individuals. Nevertheless, there are a few telemarketing calls, SMSs and mailers that aren’t actually spam, but quite useful. One such debatable topic is the term “Pre-Approved” that’s become a buzzword in the real estate industry these days. Many home buyers are skeptical of making a purchase because of several unpredictable factors such as government norms, policies and interest rates. There’s nothing that offers concrete assurance to these ruffled home buyers. In such conditions, the phenomenon of “Pre-Approved” brings some mixed feelings onto the playground. This article would talk about how it is introduced in the market for the welfare of customers.
The concept of “Pre-Approved” in the “Instant Era”
One thing that the market has identified correctly is that the industry is driven by millennials and millennials by nature are impatient. They always seek instant gratification and in such scenarios, “Pre-Approved” is a term that connects instantly with them. From ‘pre-approved’ credit cards to home loans, the market is driven by those who are made to believe that they are qualified to avail of any kind of financial services without going through the hassles of lengthy documentation processes, but they eventually have to go through, anyway.
It is important to consult a team of professionals who are there to guide you. The team can include people like a loan officer, a well-experienced, and trusted real estate consultant to guide you throughout the home-buying process. Having a decent CIBIL score is obviously one of the prerequisites, but having such a network shows your qualifications as a serious home buyer.
The inception of offers within offers
‘Pre-approved’ is just the beginning! It is but a common psychological phenomenon for an individual to horde offers and uses them all together. ‘Pre-approved’ offer comes as an introduction to many more offers to the customer. The discounted stamp duty or registration charges, the reduced interest rates, and the cash discounts are all exclusive of the ‘pre-approved’ offer.
As a real estate developer, such an offer gives you a competitive edge over the others as the customer gets to choose a builder who offers the most discounts.
The Ultimate Takeaway
Regardless of the market conditions, when a real estate developer makes an offer to the customer which doesn’t involve a tedious process that would leave a sour taste in the customer’s mouth, they would never go for it ever. When the developer takes that first step to sweeten the customer’s pot with ‘pre-approved’ offers, the customer will automatically take that step to at least consider buying a property, if not outright buy it. The offer instills an individual with a sense of seriousness and that’s what the real estate developers need.
At Kanchan Developers, we believe that offers or no offers, the utmost factor for any customer is the experience. When the customer journey with a brand is smooth, they will come back for it, with more people. We believe to be a family of such a harmonious kind and cater to every customer as our family. With our projects located in prime locations that offer the best of nature and city, Kanchan Developers indeed makes sure that a customer who walks into our office, becomes a part of our ever-growing family. If you wish to know more about who we are or what we do, please visit www.kanchandevelopers.com
