Precautions For Homebuyers Who Purchase A Property Through Channel Partners

By Author: pallavi krishna
Total Articles: 10
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Purchasing a new home or investing in a property is an act that is filled with emotions and excitement of getting the dream fulfilled. It is better to be cautious when you are about to invest a huge part of your hard earned money and at times, many homebuyers also go for home loans. Some of you deal directly with the building company or the builder while others opt for channel partners. The homebuyers who opt to purchase a property through channel partners need to exercise some precautions to be on the safe side. A pinch of precaution is better than getting duped financially.

1. Who are Channel Partners
A channel partner is a team or an organization that works in collaboration with reputed builders and helps them and the homebuyers with real estate transactions. Their main aim is to provide a property to a homebuyer that suits his needs and matches with his preferences and also help him with clear and flawless deal.

It is true that the developers rely on these channel partners to push sales through innovative ideas. A channel partner is not a broker. A channel partner acts as an advisor, a consultant and ...
... sales professional who is given the responsibility of selling the realty projects by the builders and /or developers. A channel partner receives a fee for his services but doesn’t charge anything from the homebuyers. His services like site visits, pick and drop, loan assistance, post-sales services will remain free of cost to the homebuyers. Inspite of all these facilities, the homebuyers have to take some precautions if they decide to purchase a property from channel partners.

2. Precautions – Homebuyers Should Take
If you plan to purchase a property through some other medium, other than the builder directly, you should take the following precautions to avoid unpleasant consequences. It’s better to be cautious than to repent later.

2.1. Precautions From Channel Partners
If the homebuyers decide to purchase the property through a channel partner, they need to take some precautions. You should see that you give the cheques only in the name of the company and no personal transactions. This will save you from fraudsters.

With the advent of RERA, the real estate sector has been streamlined and disciplined. As per RERA all builders/ developers and the channel partners who want to render their services have to register with RERA. These registered channel partners are more responsible and accountable. RERA also keeps a track of all registered channel partners. Therefore, homebuyers should go for RERA registered channel partners. It would be more appropriate if you could ask for a company channel partner code too.

2.2. Precautions From Those who Claim to be Employees
At times, an employee of the builder also claims to help the homebuyers in getting a home of their dreams. This person can also be a con or a cheat who can dupe you. It is wise on your part to check the ID card of the claimant to save yourself from getting cheated.

2.3. Precautions From Marketing Team
Usually a marketing company takes care of the website of the company and is also responsible for the marketing of the projects. The homebuyers need to take precautions here also and should not become prey to their faulty commitments.

3. To Conclude
Be it any medium, other than the builder, the homebuyers must read the booking form thoroughly and understand each clause to the fullest. Then they should ensure that the booking form is filled correctly. No clause or point should be ignored or left unattended. The homebuyers should always select projects approved by RERA and the channel partners who are registered with RERA . One such company that has all the projects approved by RERA is Tripura Constructions and its channel partners are also RERA registered. The marketing team which supports the website of Tripura is also committed and doesn’t go for any faulty commitments. Inspite of all these facts, it is essential that homebuyers who purchase a property through channel partners should take the above mentioned precautions in order to protect themselves from getting deceived.