fbpx

HOW SHOULD PROJECTS WITH PROMISSORY NOTE SALES INSTEAD OF LOANS BE EVALUATED?

The promissory note sales method in projects may be an alternative for those who do not prefer to use credit for housing purchases or who are looking for different payment options. However, there are important factors that should be taken into consideration when using this method.

  1. Company Reliability: If the construction company sells only by promissory note, it may raise questions about its financial reliability. If the company avoids bank loans, it may face financial difficulties. Therefore, the company's financial history, previous projects and customer references should be carefully examined.
  2. Bank Support:Bank support can be considered as a guarantee for a project. Banks make a detailed assessment when financing a project. If the project has bank support, this can positively affect the financial strength of the company and the sustainability of the project.
  3. Risk Factors: In the absence of bank support, buyers should assess the risk factors of the project. If the company does not guarantee project completion or is experiencing financial difficulties, this could pose potential problems for buyers.
                                                                                                                                                                                                                Those considering buying a project house should conduct careful research on their preferred payment method and the financial situation of the construction company. This can help home buyers anticipate potential problems that may arise from the project and a reliable investment to make their own. For other articles link to click.

Join The Discussion

Compare listings

Compare