How to Optimise the Process of Decision Making for Purchasing a Residential Property Cover Image

Някои възможности за оптимизиране на процеса на вземане на решение за покупка на жилищен недвижим имот
How to Optimise the Process of Decision Making for Purchasing a Residential Property

Author(s): Yana Stoencheva
Subject(s): Economy, Business Economy / Management
Published by: Икономически университет - Варна
Keywords: Decision making; Purchase; Residential property
Summary/Abstract: The process of purchasing a residential property is determined by the personal preferences and lifestyle of the potential clients. When a person has to make up their mind about a marriage, partner, friends or profession in most cases they feel calm and confident and influenced by their personal understanding they make their choice. However purchasing residential property is usually a much more complex and laborious process given the high barriers for access to the market as well as the specific characteristics of each given property. This paper discusses the incremental stages of the traditional process of decision making when purchasing an residential property, as well as certain current trends which could contribute to achieving maximum satisfaction of the buyer’s needs.