5 Advantages of buying a home in slow market

The current hype in the market is “Real Estate Market Slow Down’. If you are in the Real Estate market then you must be well versed with the current market scenario; but what if you do not belong to the market?

After South India the Real Estate Market has slow down in Delhi/NCR too. This slow down can be felt in the market easily.  Following tips help you to know if there is really a slowdown in the market.


• Stay Updated: Keep yourself updated with the newspapers on the Realty news. If there is a slowdown then, it is a hot topic everywhere and the Newspapers are no exemption.

• Watch the trend: A sudden increase in the trends like Subvention Scheme, Assured Returns, Discounts and other policies are a sign of slow market. All this is done to attract the potential buyer.

• Ask the Expert: Go for an expert advice. The Real Estate consultants are the best people to consult at this point of time.

To an investor, the market may look attractive as it is filled with lucrative deals. Though, it is good to invest at this stage but you must be alert before doing so.

Here are the 5 advantages that the investor can avail when investing in the Real Estate Market when the market is slowdown.

1. The seller quotes a lower price that he does when the market is at a boom.  As a buyer, you can always bargain the prices and come down to the best suiting price.

2. Do not dishearten if you can are not able to get the home at a lower price. Sellers often offer better deals like leaving a furnished home (in case of resale property), cutting on the extra charges like Parking Charges,  Club membership charges (in case of original booking) and more.

3. You can settle the deal at a lower price as compared to the deals in the hot season, where you as a buyer might have to pay some extra amount to buy the house.

4. You get more options to explore during the slowdown. When there are more sellers and less buyers then           buyers have a bright chance to explore the market.

5. There could be an increase in the number of foreclosed properties at this time.

It is wise to stay prepared. Every coin has two sides and thus, with all the advantages there is a catch too. Buying a house during slow market can be full of options available at better prices. There are chances that the Bank gets reluctant in issuing the Home loan. So, if you are willing to make an investment during the slowdown market, then you must be prepared with the options of Home Loan. Do not forget to seek an expert advice as these are the people who can get you the best property at a best price.

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