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Tips on How to Buy House in Gurgaon for 2020

It’s not at all rare in real estate for people to keep an eye on the property market for years searching and researching, without making a decision to become serious buyers.

There is a general sense of worry that the money outflow is so huge in such a transaction.

But a BIG MISTAKE that people make, is not buying at all, not realizing that good opportunities are passing them by.

Why is now the best time to buy house in Gurgaon, you ask?

• Regulations that protect the home buyer’s interests and curb fly by night operators (developers and unprofessional brokers) such as the RERA Act
• Taxation changes with the unified GST regime, aiming to reduce multiple taxation effects
• Ways to curb black money in real estate by introducing demonetization

Consider your wants v/s needs in a home

Consider your budget if you have saved up money for your future home, or the amount of home loan you can get to evaluate which options work well for you. There are enough properties on the market now, especially ready to move in ones.

Research the general home buying process

Starting with knowing your needs and saving up money for the purchase, you can interview potential agents, and start working with one who is both competent and professional.

Start with narrowing down the homes you like, and set up personalized appointments with your realtor to see these homes on a weekend.

When you’ve found a few you like, set up meetings with the developer/seller and get your agent’s help in negotiating for a fair close.

Research the localities you are interested in

Be sure to check out areas with facilities and infrastructure that is important to you and your family such as – Public transport/Metro, Workplace offices, Schools, Colleges, Hospitals, Convenience stores and Shopping malls, Restaurants & Entertainment, Beaches and Places of worship.

Decide on a Home Budget

After select localities decide two or three project on that area, after that decide your budget which project is suitable for your budget.Whats your plan for home loan , are you comfortably pay off your home loan over possibly a 20 year period.

Research potential real estate agents.

If you know a friend, neighbor or family member who is a real estate agent, note that they may or may not be the perfect fit for you. You want someone who is not a newbie. Many agents have increased their rates to a minimum 2% from buyers and also insist on signing an agency agreement, so check the fairness of rates against the breadth of services offered to represent you in a real estate transaction.