What is the Primary market:
Real estate Primary sales mean when a real estate builder sells the housing units or commercial units to the investor or end-user in the primary market. It is the first sale for that unit. Which includes new launches and ongoing projects.
A real estate developer will form a network of channel partners to sell housing or commercial units that the developer is building. These channel partners will promote the properties on behalf of the real estate developer, thereby generating leads and then closing the deal.
What is the Secondary market:
The secondary market is made up of secondary or sub-sale properties, previously owned houses in mature locations, and established residential areas. To further elaborate, secondary properties are properties that have been introduced into the market for rental or sub-scale which will either be rented or owner-occupied by subsequent owners.
What is a post-dated cheque (PDC)?
A post-dated cheque (PDC) is a form of a cheque drawn with a future date written on it. Simply put, a post-dated cheque is one which is drawn with a date that is after the date on which the cheque was written.
ROI (Return on investment)
ROI, or return on investment, is a ratio that compares the gain from an investment to its cost. It is useful in evaluating the current or potential return on investment, whether you are evaluating your stock portfolio's performance, weighing a business investment, or deciding whether to undertake a new project. Although ROI is a ratio, it is typically expressed as a percentage.
ROE (return on equity)
Return on equity, also known as ROE, is a ratio of net profit divided by equity. Investors use this ratio to determine how profitable an investment is. This calculation be applied to monthly or annual profits. In real estate, return on equity often refers to the profits made in investment properties.
EOI (Expression of interest)
Selling a home via EOI is a sale process whereby prospective buyers are invited to submit their highest & best offer by writing on a property on or before a certain deadline.
An EOI is like a silent auction or bidding approach, as there’s no price guide given to buyers and there is a due date by which the property must be sold. It is essentially up to the buyers to decide how much they are willing to pay since they’re given no formal guide to the home’s worth.