
GoRealty Property Hub Hyderabad | Leading Investment Destination!
February 7, 2025 at 04:09 PM
Dear *Home Buyers,* Submitting an Expression of Interest (*EOI*) when buying an apartment is important because it demonstrates your genuine intent to purchase and gives you a competitive advantage in securing the property. Here’s why it matters:
*1. Shows Serious Intent*
An EOI signals to the seller that you are a serious buyer, increasing the chances of negotiation and securing the property over other potential buyers.
*2. Helps Secure Pre-Launch or Early-Bird Prices*
Many developers and sellers offer exclusive discounts or priority access to units for buyers who submit an EOI, especially in pre-launch or soft-launch stages.
*3. Locks in Your Preferred Unit*
In high-demand projects, the best apartments (good view, better floor, prime location) get reserved quickly. Submitting an EOI early helps you secure your preferred unit before public sales open.
*4. Strengthens Your Position in Negotiations*
Sellers and developers often prioritize negotiations with buyers who have submitted an EOI, as it reduces uncertainty and speeds up the sales process.
*5. Gives You Time to Finalize Financing*
An EOI typically requires only a token deposit, giving you some time to arrange your home loan or finances before signing the sale agreement.
*6. Often Fully Refundable*
In most cases, an EOI deposit is refundable if you decide not to proceed, making it a low-risk step to express interest without immediate commitment.
*7. Helps in Market Research and Decision-Making*
If you’re considering multiple properties, submitting EOIs can help you gauge responses from developers, compare deals, and make an informed decision.
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