With the implementation of the Real Estate Regulation and Development Act (RERA) and the Goods and Services Tax (GST), there has been a significant shift in dynamics within the real estate sector. Developers are increasingly relying on channel partners to boost sales through innovative ideas.
While the term "channel partners" might be new for homebuyers, it's essential not to confuse them with traditional brokers. Unlike brokers who act as intermediaries, channel partners play an advisory role, serving as consultants and sales professionals.
A broker acts as a link between the customer and the seller, taking a commission from both parties. On the other hand, channel partners are consultants responsible for selling realty projects on behalf of developers. They receive fees from developers for their services, and customers are not charged for these services, which may include site visits, pick and drop, loan assistance, post-sales services, etc.
RERA provides homebuyers with the means to scrutinize the accreditation of real estate properties. Developers and channel partners must register under RERA, instilling trust in customers. Channel partners, acting as advisors and sales professionals, are accountable for their registration under RERA, ensuring transparency in project details.
Channel partners can save buyers a significant amount of money by securing heavy discounts and the best deals in the market. A skilled channel partner not only negotiates effectively but is also aware of potential pitfalls, ultimately saving buyers money throughout the transaction.
Channel partners have better market knowledge than buyers, helping them find the best properties based on their requirements and budget. This advisory role streamlines the property search process, saving buyers time and ensuring they get the best value for their investment.
Not all properties are priced the same in a city, and each project's value varies by location. Channel partners assist buyers in finding the best location that aligns with their requirements and budget, considering factors such as residential or commercial preferences.
Approaching a builder directly may not provide all the services needed for property acquisition. Channel partners offer end-to-end services, including free site visits, pick and drop, documentation, loan assistance, post-sale services, and more.
These are the key advantages of buying property through a Channel partner!!
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