The number of residential complexes is growing at an alarming rate in all cities of the country. New apartments are in high demand, and most of the time they are sold from the project stage. Why? Because real estate developers come to meet clients with offers that are hard to refuse. Are you wondering why it is advantageous to buy an apartment directly from the developer?
You do not pay a transaction fee
The main advantage that the purchase of an apartment directly from the developer offers is the price. It is exactly as when you compare the price of a product purchased from the factory with the price of a product purchased from a supermarket shelf. The more parties involved in the transaction, the more the purchase price will increase.
If you choose to buy an apartment through a real estate agency, it will charge a commission. The real estate agent will have to cover through this commission certain costs, such as online promotion, offline promotion, payment of the employees who are looking for housing for you, etc.
If you choose to buy an apartment directly from the developer, you will no longer pay such an intermediation commission. For example, the apartments in our Gala Water Side Residence sell for 1650 € / sqm (VAT included), with 0% commission. In contrast, the commission charged by an agency may vary from case to case. It can start at 1% and can reach up to 3%. In other words, for the purchase of an apartment of 100,000 €, you can end up paying a commission between 1000 € – 3000 €.
How to identify a good real estate developer
If you choose to buy an apartment directly from the developer, it is important to make sure that you are making the right choice. Here’s how you can identify a good real estate developer:
#1 Gives you access to documents
A serious developer will give you the opportunity to check carefully:
- urban planning documentation: general urban plan (known as PUG), zonal urban plan (known as PUZ) and detailed urban plan (known as PUD)
- Copies of property identification papers
- Construction permit
- Cadastral sketches
- Land Book Extract
#2 Is experienced in the real estate market
Whether you choose to purchase an apartment directly from the developer or through intermediaries, it is very important to inform yourself about the developer’s experience. Do not hesitate to ask what other constructions he has built, or even request a visit to an apartment already completed, from the portfolio.
#3 Offers fair prices
Carefully analyze the market before making a decision. An apartment that sells much cheaper than the market price can raise suspicion. Of course, it is important to consider variables such as location, quality of materials used, etc.
If you are surprised by the purchase of an apartment directly from the developer, do not hesitate to contact us. Gala Water Residence is built on 7 floors and comprises 52 apartments with 2, 3 and 4 rooms. The block is located in the neighborhood Între Lacuri, an accessible and developing area.
