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Most common mistakes made while buying_property

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A summary of common mistakes most buyers are likely to make while investing in property. Better to stay informed and make a smart purchase!

A summary of common mistakes most buyers are likely to make while investing in property. Better to stay informed and make a smart purchase!

Published in: Real Estate
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  • 1. Diclamier: This document has been prepared by Colliers International for general information only. Colliers International does not guarantee warrant or represent that the information contained in this document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising directly or indirectly there-from. Colliers International is committed to accelerating our client’s success. With more than 13,500 professionals in 482 offices across 62 countries worldwide, we use our wealth of market knowledge to help you achieve your goals. Visit us on www.colliers.com For Residential Services, please contact: Poonam Mahtani National Director I email: poonam.mahtani@colliers.com For Research related queries, please contact: Surabhi Arora MRICS Associate Director I email: surabhi.arora@colliers.com Most common mistakes made while buying property Not having a clearly defined real estate brief of your requirement Not doing the correct assessment of the amount of money that you can afford to invest in real estate Taking it easy after you decide on a property and missing out an opportunity Making incorrect / inaccurate assessments of your space requirement Focusing too heavily on financial costs Assuming real estate is like the stock market in terms of exiting from the investment Not hiring professionals such as tax consultant, legal advisor and real estate consultants to save cost Making decisions based on emotional impulses while purchasing a property Not having a pre-approved home loan or applying for one too late Not taking gestation time / project delay time into consideration while doing a financial analysis Trusting a real estate advertisement blindly Not researching the prospective neighbourhood 1 2 3 4 5 6 7 8 9 10 11 12

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