Useful Tips for Novice Real Estate Buyers

Buying a home is quite a milestone in the life of an individual. In case you are a novice, your heart may beat fast but with a little guidance, you might be able to crack the deal without losing on anything. Here, we will be discussing some of the intricacies involved in such matters so that your conscience tells that you are making the right move.

Useful Tips for Novice Real Estate Buyers

Check Where You Stand

Before you start with the buying process, make sure to check whether your credit score is good enough for you to avail feasible loan terms. You may also consult the real estate association in your locality, city or workplace if required to.

Become Aware of the Neighbourhood

The neighbourhood does matter for any real estate property you purchase, whether it is for your residential or business purpose. There is no better option than visiting the place but for additional information, you may visit several online websites that give you a clear view of the demographics of that area.

Keep Yourself Ahead of Any Competing Buyer

A written guarantee from the mortgage broker or lender is the pre-approval that will help your transaction gain more weight than that of any other pre-qualified buyer. So, do meet a mortgage specialist in order to receive pre-approval regarding your home loan.

Search for an Expert

Of the countless real estate agents thriving in the industry, you need to be very sure to find out the one who is just fit for your needs. The best way to pick out one of your choices is by interacting with many of them, only then will you be able to judge. Prepare yourself as well before settling down to interview since one who is an expert might ask you questions in return.

Do Not Change Your Job

Please try and resist the job offer for a salary higher than that you are receiving at present. If you plan to secure mortgage within the upcoming 6 to 12 months then you need to stick to your present job as it would show your financial stability.

Make the Most Out of Your Expert Agent

If you feel that the budget negotiation is only restricted to the purchase of the property, then you are truly a first timer. Negotiations can take place through your real estate agent, especially if the individual is skilled, on new paint or repairs.

Avoid Big-budget Buys

You may trouble in getting a loan the moment any mortgage broker or lender finds out extravagant transactions in your financial history and they might doubt as to how you will pay off the debt. So, it would be wise of you to go for such big-budget buys only after you have stepped into your new home.

Hope these tips have helped you in cracking a deal. For more of such relevant information, do log onto


Increasing Demand of Kolkata and Other Such Metros among Real Estate Investors

The real estate business has had a pleasant start in 2017. The growth of residential sales and the launch of new projects have considerably increased by 70% as compared to that in the previous year.  Although the first quarter of 2016 experienced low numbers of sales due to demonetization, a gradual rise was met with in the second quarter. Three research reports have shown that the non-prime metros of Kolkata, Hyderabad, Pune, Bengaluru and Chennai accounted for the major portion of sales volume leaving behind Delhi-NCR and Mumbai-MMR.

Out of those three reports, one has been authored by the senior director of Cushman & Wakefield India, a realty consultancy. As per his opinion, the reasons behind the demand for cities like Kolkata, Pune over those located in the potential economic zones of Asia-Pacific, is that they are geographically well-placed. The remaining two research studies comprise outlook reports for the first quarter of 2017 by PropUrban and CBRE South Asia realty consultancies.

From the viewpoint of the residential services head of the realty consultancy, CBRE South Asia, it has been concluded that the availability of mid-segment and reasonable housing in these cities have increased their demand in the real estate market following the entry of multiple end-users in the business. On the other hand, land prices are soaring very high in the prime metro cities. They are constantly expanding their economic activities along with connectivity to the smaller metro cities like Pune, Hyderabad or Kolkata.

Experts conclude that the prime metros such as Delhi-NCR and Mumbai have become saturated thereby, resulting in the migration of its inhabitants to smaller metros.  Besides, these cities are offering properties at a relatively affordable budget in comparison to the former ones.  The growth of the IT Sector and private universities in the non-saturated cities of Tamil Nadu, Rajasthan, Maharashtra and few other states has caused the real estate industry to flourish in these areas.

Real Estate Investors

Cities like Nagpur, Indore and Ahmedabad are expected to experience similar growth since they have ready stock at hand and that too, at affordable prices.

International policy changes like the Australian Visa Policy have influenced most Indians to stay back and invest or work here.  As a result, Kolkata and even smaller cities are making room for the e-commerce and IT industry. Thus, both employers and employees of this sector and residing in these cities are in need of property.

For more of such real time information regarding real estate, Please visit  and go happy buying!