Changes that are Going to Make Potential Home Buyers Happy Now
Feb 12, 2018 Home Trading Steps
Recently the real estate in the country has seen a boom that has encouraged the potential buyers to take a plunge and invest in the property of their dreams. Not long back the builders and financial took the advantage of the buyers by either making them wait too long in the queue or charging a higher amount.
But the ill practices are going to end now. Every change is brought with many small changes, which are going on in the real estate sector. All these are to bring customers huge relief.
1. Changes that the seller is bringing:
Before demonetization in November 2016, some of the buyers entered the resale market knowing well that they will have to arrange the ‘black money’ to make the serious purchase. Initially, the seller would encourage the buyer to register at a lower price for the property and the same would also benefit the buyer in terms of reduced stamp duty. But in the long run, it wasn’t being any help to the buyer. They anyways had to end up arranging liquid money to finish the payment. Keep in mind that arranging liquid money for the property is difficult for most people in the country where half the population is salaried.
The demonetization brought a huge change in the real estate market. The sellers now encourage the buyers to register the property for the right price so all of the accountability is in white. In some cities, the prices of properties have fallen down 15 percent.
2. Changes that the banks and financial institutions are bringing:
For those who have visited the banks to discuss their loan options and which will best suit them and their requirements, know how long they had to wait in the queue or had been kept on hold in promises of connecting back with them quickly after finishing a task or phone call, but never did anyway. Initially, the paperwork and confusion over the loan procedure made everything difficult.
But now the banks are under financial stress. They want to make more customers and are willing to go length for the same. Many banks offer calls backs if you give them a missed calls or their website will have an entire page dedicated to all the FAQs about the home loan.
These changes have made the customers extremely happy. They are time saving and efficient.
But the ill practices are going to end now. Every change is brought with many small changes, which are going on in the real estate sector. All these are to bring customers huge relief.
1. Changes that the seller is bringing:
Before demonetization in November 2016, some of the buyers entered the resale market knowing well that they will have to arrange the ‘black money’ to make the serious purchase. Initially, the seller would encourage the buyer to register at a lower price for the property and the same would also benefit the buyer in terms of reduced stamp duty. But in the long run, it wasn’t being any help to the buyer. They anyways had to end up arranging liquid money to finish the payment. Keep in mind that arranging liquid money for the property is difficult for most people in the country where half the population is salaried.
The demonetization brought a huge change in the real estate market. The sellers now encourage the buyers to register the property for the right price so all of the accountability is in white. In some cities, the prices of properties have fallen down 15 percent.
2. Changes that the banks and financial institutions are bringing:
For those who have visited the banks to discuss their loan options and which will best suit them and their requirements, know how long they had to wait in the queue or had been kept on hold in promises of connecting back with them quickly after finishing a task or phone call, but never did anyway. Initially, the paperwork and confusion over the loan procedure made everything difficult.
But now the banks are under financial stress. They want to make more customers and are willing to go length for the same. Many banks offer calls backs if you give them a missed calls or their website will have an entire page dedicated to all the FAQs about the home loan.
These changes have made the customers extremely happy. They are time saving and efficient.
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