The Indian real estate market is a volatile one, where every buyer and seller should take their own steps for making the right moves for a deal. While the sellers still have more power in a deal, in terms of negotiation, the buyer needs to be extremely active and well involved for getting the property of his choice at the right price. Here are some simple but effective ways to get a home that suits your needs and doesn’t overburden you with the budget.
Understand the costs
Quite obvious, buying a home means checking your finances and taking the right steps to ensure that the budget of a home can be achieved. However, it is also important to understand that after buying property, you will also need to spend some amounts on doing the interiors and getting the other things done at home, to suit your personal choices. In short, it is not wise to spend the entire budget or savings on just the property prices alone. As for knowing the market rates, there are some real estate forums and websites that can help you in understanding the current rates for the type of property you are interested in.
Considering negotiation
That’s probably the trickiest part of getting a home. You need to know the ways that a seller may inflate the price of property and counter him the right way to get a good price. For first time buyers, hiring a real estate agent is just the right idea. The brokers of the real estate world may charge you with a commission, but that part is worth paying when you know that they will deal with everything – right from the costs to the paper work and documentation involved. When you are dealing on your own, make sure to check for any additional costs that may crop up after acquiring the home.
Make your own checklist
Before choosing and paying for a property, do make a checklist. You want to have the basic facilities in place, including medical facilities, schools, shopping areas and much more. Keep in mind that the location of a property has its own impact in the long run, so shelling a better price for a well positioned home is certainly not a bad idea. Also, many buyers choose to buy a home based on the development of a property in years to come, which is a worthy idea if you don’t want to shift right away.
