November 28, 2018

Importance of Informed Buyer

The demand side of any market is dominated by buyers. Their importance is prodigious but being an informed buyer is of maximum importance.

Importance of informed buyer

Better decision making

Information gives knowledge and knowledge gives power. An informed buyer is knowledgeable and powerful. Gone are the days where the sellers played the role of an educator and the buyers customized themselves to the product. Today’s world is perfectly competitive, perfectly informative and knowledge dissemination is universal. This gives leverage to the buyers to harness and predict the market forces correctly and make better decisions.

Role of a credible agent

In an organized real estate market, the buyers today are perfectly informed but since their decisions involve major financial undertaking and psychological attributes, they often tend to take sub-optimal decisions. Here comes the role of a credible agent. With the help of diverse and seasoned market knowledge that a credible agent brings on board, buyers can get completely assured of where they are parking their money into. An informed buyer gets more sense of assurance by consulting a credible agent. With the introduction of RERA (Real Estate Regulatory Authority), the importance of a credible real estate agent has become much more prominent. The three areas where an informed buyer gets leverage by consulting a credible real estate agent are as follows:

· Detailed information

· Trustworthiness and reputation

· End-to-end solution

Collaborated efforts: All that it takes!

An informed decision making is an outcome of collaborated market efforts. A buyer becomes informed when he leverages all the necessary market forces and then takes judicious decisions based on them. A collaborated effort with the agents and other stakeholders like the local government, regulatory bodies is very much necessary that makes a buyer completely informed and thereby helps in taking wise decisions.

_Image Courtesy:

Disclaimer : Information contained and transmitted by us are for information purposes only. All views and/or recommendations are those of the concerned author personally and made purely for information purposes. Nothing contained in the articles should be construed as business, legal, tax, accounting, investment or other advice or as an advertisement or promotion of any project or developer or locality. Pioneer Property Management Ltd. does not offer any such advice. No warranties, guarantees, promises and/or representations of any kind, express or implied, are given as to (a) the nature, standard, quality, reliability, accuracy or otherwise of the information and views provided in (and other contents of) the articles or (b) the suitability, applicability or otherwise of such information, views, or other contents for any person’s circumstances. We shall not be liable nor shall be held responsible in any manner for any action taken based on the published information (whether in law, contract, tort, by negligence, products liability or otherwise) for any losses, injury or damage (whether direct or indirect, special, incidental or consequential) suffered by such person as a result of anyone applying the information (or any other contents) in these articles or making any investment decision on the basis of such information (or any such contents), or otherwise. The users should exercise due caution and/or seek independent advice before they make any decision or take any action on the basis of such information or other contents.

Project of the week:

informed buyers