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Sunday, 1 June 2014

Jeff Adams Real Estate Seminar Builder reputation checking tips

Ground report

Jeff Adams real Estate Seminar tips However, it is still a good idea to go in for field research. Talk to customers who bought units in old projects as well as local brokers. The current market price of the past projects in comparison to peers in the same locality is also an indicator of the builder's standing. You shou.

Track record

it is safer to buy from an experienced builder with a excellent delivery record since he is likely to have a more professional come up to, with systems and processes up and running. As well, you can check his track record and find out how well the past projects have been executed. A reputed builder will also typically be a member of an industry friendship, such as the Confederation of Real Estate.

Quality certificate

The International Organization for 9001:2008 certification criteria for a quality management system is based on 8 principles, including customer focus and satisfaction. Therefore, an ISO 9001:2008 audited and certified builder is expected to be more professional in his approach, and it is a good idea to check this before zeroing in on an accommodation project.

Realty ratings

Started in 2010, the CrisilBSE 1.43 % Real Estate Star Ratings provide city specific assessment of real estate projects, and can help you compare and identify excellence projects in an exacting city. They also have a National Developer Ratings list, which rates a developer on parameters such as good track record of transfer of clean title, maintaining legal and construction standards, and timely project completion.

Financial stability

Is the company overleveraged? Get hold of the company balance sheet, and if the business has too much debt or is not capable to repay its loans, hit off the project. Some listed builders put up their monetary details on their websites.