The real estate market is often commonly discussed when it comes to investment options or for people looking to secure their future. However, while real estate is one of the best investment options, numerous myths about this sector can demotivate a potential buyer. So if you are considering purchasing a 2 BHK property in Thane, but are hearing multiple views, do not worry. Here, we debunk some of the top myths of the real estate sector and provide you with the facts you need to know.
Myth 1: Real Estate Is a Rich Man’s Game
A lot of people hold back from investing in real estate because they feel they are not rich enough. When in fact, real estate offers numerous investment options for people with all kinds of budget options. Several financial institutions offer competitive home loans for a huge amount of the value allowing you to invest in an affordable 2 BHK in Thane with just about 20% down-payment.
Myth 2: Only Purchase Fully Developed Properties
This stems from the belief that fully developed properties allow you to check the layout and quality of the property before you invest your hard-earned money. While this may be a benefit, it is not required when you opt for properties by a trusted builder and developer in Thane such as Ace Realty. In fact, investing in upcoming or partially built projects allows you to get better deals as well as the first choice of apartment floor and location.
Myth 3: You Can’t Buy Property without a Good CIBIL Score
A great CIBIL score (which showcases your creditworthiness) works greatly in your favour in securing low-interest home loans. A score of 700 or higher offers banks a sense of security in giving you a home loan. However, this does not mean that with an average score you cannot get a loan. You may need to search more and talk to a few banks for better deals. Also, by practicing simple actions such as paying your credit card bills on time and spending lesser than your income, you can improve your credit score.
Myth 4: Set a Rate above Market Value for Sale
A lot of people believe that if they price their property for sale higher, they will be able to leave room for negotiation. This is not always helpful as it often deters people from approaching you for a sale. Instead, set a competitive value that will encourage potential buyers to contact you.
Myth 5: Location isn’t Important
When it comes to real estate, location is everything. Always choose a property based on your needs. For instance, if you have kids, ensure there is a school in the vicinity. Similarly, for people living with senior citizens, accessible healthcare is critical. Ace Realty offers numerous real estate projects in Thane that are well-located and equipped with various amenities for a comfortable living experience.
Conclusion
The real estate market may be riddled with myths but always remember the basics – pick a trusted developer and a good location. These two factors can go a long way in securing you the best property for your needs. Real estate is one of the best investments that can not only offer you financial security but build a home for your family as well.
