I’m 19, currently a university student in Tbilisi, and I’ve been working in the iGaming/Sportsbook sector for a couple of years now. I have a stable income, but as a student, I really want to avoid dealing with banks and traditional mortgages.
I’m looking to buy a small apartment (budget around $60k) and I’m considering Internal Installments (შიდა განვადება) directly from developers (like Archi, m2, Balavari, etc.).
My main questions for those who have done this:
Has anyone bought an apartment through internal installments? How was the process? Is it really as "no-questions-asked" regarding income proof as they say?
$60k Budget: Which districts/developers should I look into for this price point? I’m looking for something decent, even if it's "white frame."
The Catch: What are the hidden risks? I know the monthly payments can be higher than a 20-year mortgage, but since it's 0% interest, it seems like a better deal.
Negotiation: Is it possible to negotiate a longer installment period if I offer a higher down payment?
I’d love to hear from anyone who started their real estate journey early in Georgia. Any tips or "stay away from this company" warnings would be amazing!
Madloba!