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5 common real estate myths that every buyer should know

November 29, 2021 | Silky Malhotra

5 common real estate myths that every buyer should know

Purchasing a home is, most often, the single biggest buy you make in your entire life.  You need to go through immense pressure to get the perfect home for yourself. That is why most of the home buyers do a thorough market research before spending a single penny in a property. But, very often it has been seen that that all the information that you have gathered get outperformed by misrepresentations or myths about the realty sector. All these myths or false opinions will not only just furnish you with inaccurate data but also will interrupt your home research process. Listed below is some common real estate myths in India that you need to know when you are in search of your dream house.

Requires a lot of money to invest in real estate

This is one biggest real estate myth which often discourages people to make an investment in the realty sector.  You do not need to be economically rich to buy a property of your choice. Today, banks and other financial institutions offer home loans to people if they want to buy a home. The loans can be easily repaid in the form of EMIs which are quite adjustable. Also the Government of India has launched the Pradhan Mantri Awas Yojana (PMAY) for all income groups, under which buying a property has become more affordable and easier.

Properties with glamorous ads means project is reliable and trusted

Do not get excited if you come across properties with colorful newspaper advertisement or celebrity-endorsed commercials. Always make sure you do a proper research and personally visit the property site to get a better knowledge of the project.

All realty agents are same

Another most common realty myth is that all realty agents are the same.This misconception can lead property sellers and buyers in committing huge errors while choosing a real estate agent to address their interests. Each agent has different abilities, varied experience levels, and various characteristics. So, it is best to choose the right realty agent before you buy a property.

Brand name of developers is not very important

This is also a common myth that most property buyers often follow. People mainly focus on property prices rather than focusing on reputation and brand name of the developer. But, buying a property from reputed builders you will get to know about their work quality, punctuality, and future value of the projects. Also, you will get an idea if the developer is trustworthy or not. So, it is best if you choose a builder who holds a strong portfolio and market reputation.

Requires no professional home inspection

It might not always be the best idea to skip a professional home inspection and ask a family member or a friend to find you a home. Skipping a proper home inspection may save you a few pennies, but it is always best to go for a professional home inspection process. Home inspectors look for different items in the home, helping you avoid tricks that hide the flaws of a home.

Excellaa Tremont- a beautiful residential property in Pune

The dream and fantasies of people goes so well when imagined to live in a beautiful house. A luxurious and beautiful residential apartment is a dream place for all where a comfortable life can be resided. Excellaa Tremont is the ideal choice for those who want to live a lavish life. The township offers you with 2BHK apartments at best price. Located at Keshav Nagar in Pune, the property is easily connected to all the important places of the city.

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