BUY sell RENT Patna

residential/commercial


Resale is New Construction’s Number 1 Competitor in Patna Real estate     (28/02/2014)

 


We at  www.buysellrentpatna.in believe strongly in the power of resale to affect a residential builder’s success in Patna Real Estate.  What we do as a real estate company in Patna; the products we deliver; the services we offer, and many of the blogs we write are geared towards helping builders in Patna appreciate how resale flats in Patna can impact their business.  For that reason, we believe it is paramount for builders in Patna to know resale flat inventories available in Real Estate Patna.


We know builders in Patna spend a large amount of time and money learning about their new home competition from other developers in Patna real Estate market.  Most builders in Patna require that their sales reps perform periodic evaluation on their new home construction competition in Patna.  Through these ghost marketing techniques, builders in Patna have a pretty good handle on the base price of their competitors’ plans, their lot costs, and the price of key upgrades.  Builders in Patna also know what their competition is doing. Most builders in Patna are “experts” relative to their new home competition in Real estate Patna market.


But guess what?  New home sales make up ONLY a Part of all real estate transactions in Patna.  The vast bulk of Patna real estate activity, as a matter of fact, is the listing and selling of RESALE flats in Patna.  To further demonstrate the magnitude of that number; 50% of home buyers are willing to consider new OR resale, then builders in Patna must not only accept that resale flats in Patna is their number one competitor, but also, they must take the same steps to understand resale as well, or even better, than they do new construction in Patna.

 

The reality is, however, that many builders in Patna don’t really have the tools or processes in place to understand their resale competition.  In large part that’s because it’s hard!  In Patna, no less than 2-3 new resale flats in Patna are coming on the market every day.

 

But we’re here to tell the builders in Patna that if you really make an effort to understand and track your resale competition, you’ll start more spaces; you’ll turn inventory faster, and you’ll see better margins.  And it’s all because you’ll plan, place, price, and promote your spaces better from the very beginning.


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