Home Rentals Residential Realty NXT Does a Survey On Why People Feel Scared to Buy Homes

Realty NXT Does a Survey On Why People Feel Scared to Buy Homes

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Realty NXT Does a Survey On Why People Feel Scared to Buy Homes

Fear of home buying is a living nightmare! And we at Realty NXT can say this with confidence, thanks to our little survey. We decided to ask home buyers what worries them the most and what we heard was nothing less than a surprise and quite intriguing. From the most common fear of location to finding and putting together little details about your home loans, EMI, Rate of interest; the list is endless, the fear is real! It was interesting to find that a lot of people kept postponing their plans to buy a home because they couldn’t face this fear. There was frustration, evident helplessness and also anger in some cases. Reason? The fear of buying a new home and the entire process that seems like a herculean task. Which builder to trust? What is their creditability? Do they keep their promises? Now, even we are intrigued and are wondering if there is an answer to these common fears after all. Is there a solution that not only takes away these fears but also provides solutions that aren’t too complicated? We don’t know that for now. But watch on to know how some of these home buyers feel. We certainly empathize with them!

Fear 1 – Costing and Finances

Is it okay to trust the builder? Investing in a home means parting with your hard earned money, will it be a justified move? What if there is some legal dispute on the home that you are not aware of?
Can middle class family afford a luxury home and plan an upgraded lifestyle without being extravagant? It just keep getting intense! Watch the home buyer talk about his fear of costing and finances while buying a home!

Fear 2 – Delivery and Possession

What if the possession gets delayed? Who bears the extra cost? What are the available options and regulations that will give assurance of a timely possession? For how long is the developer responsible for the property after buying a home? The fears are not only until you buy a home but they might go on daunting you until much later after that too!

Fear 3 – Permission and Other Legalities

Imagine buying a new home and finding out that it is built on an illegal land? What if there is some dispute going on? Where and who will get the required registrations, stamps, permissions and other assorted legalities involved? It can be a nightmare!

Fear 4 – Surrounding and Locality

The worst thing than finding out your home is in dispute will be finding out that the locality is not what you had thought about. More often than not, developers promise a future development of localities which are under development for generations. Is your home in one such locality? Is the area safe for everyone? Do the Children have amenities in and around your home? Buying a home is not just about overcoming one fear but a Pandora’s box that needs to be opened and resolved!

Fear 5 – Location & Connectivity

Where to buy the house? Whether to buy a house near office or buy a place away from office. If you buy a house near your office then it will be too expensive. If you buy a house at a cheaper price away from your office then you spend your energy and money in travelling. Whether to opt for Ready-to-move home or invest in under construction homes? Will the ready property cost a fortune and burn a big hole in your pocket?  It doesn’t just end here!

 

 

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46 Comments

  1. Vivek

    March 20, 2017 at 12:02 pm

    Ha ha ha this guy is Funny. Finally someone spoke his mind out about the tiring home buying experience. Way to go

  2. Rashi

    March 20, 2017 at 12:04 pm

    The last guy, Aakash! He looks hilarious! Can’t help thanking my parents to have brought a house on time! 😀

  3. Ramesh

    March 20, 2017 at 12:38 pm

    Many buyers worry that the ‘perfect’ property is just around the corner and they will miss out if they buy now.

  4. Godwin

    March 20, 2017 at 12:40 pm

    i can relate to this. even i faced lot of trouble while buying a new home.

  5. Sandro

    March 20, 2017 at 12:40 pm

    About time someone came with ‘Real Estate Ka Punchnama’. 😛
    Please do more survey like this

  6. meera

    March 20, 2017 at 12:43 pm

    Some people feel that selling agents are not very transparent and worry that they will get tricked or blindsided in the process

  7. Sumit

    March 20, 2017 at 12:49 pm

    Its been 3 months. since i decided to purchase a house and i still havent closed because of non transparency from the brokers. I’m having buyers remorse before I even buy a house.

  8. Umang Raj

    March 20, 2017 at 1:20 pm

    Really loving this post. Very funny but true.

  9. bhavya

    March 20, 2017 at 2:32 pm

    Hahaha…The last guy seems to be really frustrated..

  10. Adarsh

    March 20, 2017 at 5:28 pm

    Finally someone came forward with a burning topic. Great job!

  11. Sumit

    March 20, 2017 at 5:30 pm

    Awesome story, loved it

  12. Shashank

    March 20, 2017 at 5:31 pm

    I faced a lot of trouble when I realized I purchased an illegal property. I am still going though a court trial in order to get my money back. I hope no one else go through the same trouble. This survey will definitely help other.

  13. Mohsin

    March 20, 2017 at 5:32 pm

    Last one was the best.

  14. Neha

    March 20, 2017 at 5:33 pm

    Hope this opens the eyes of people who are looking to buy a property in Mumbai who are not aware of the ill practices.

  15. Abhay

    March 20, 2017 at 5:34 pm

    The govt. should take necessary steps against builders.

  16. Aditya

    March 20, 2017 at 5:35 pm

    For me location is the most important factor.

  17. Rehman

    March 20, 2017 at 5:35 pm

    Rightly said ‘Mumbai mein ghar kharidna, jung jitne jaisa hota hain” #Gharkadarr

  18. Tushar

    March 20, 2017 at 5:37 pm

    Team Realty NXT, amazing job.

  19. Vaibhav

    March 20, 2017 at 5:40 pm

    Adnan sami 🙂

  20. Avinash

    March 20, 2017 at 5:41 pm

    Akash nailed it. Can’t stop laughing.

  21. Harsh

    March 20, 2017 at 5:42 pm

    You should interview more number of people.

  22. Francis

    March 20, 2017 at 5:47 pm

    I am still awaiting possession of my flat. I was supposed to have possession in 2015 but still date I haven’t received possession. I’m sure lot of other people also face the same issue.

  23. Shantanu

    March 20, 2017 at 5:49 pm

    It’s very hard for middle class people to find home within their budget.

  24. Avinash

    March 20, 2017 at 5:50 pm

    Timely possession is a myth in India.

  25. Robin

    March 20, 2017 at 5:51 pm

    “Sir aap to Hrithik Roshan ho” the guy was hilarious

  26. Riya

    March 20, 2017 at 5:52 pm

    Property rates are sky rocketing these days

  27. Mihir

    March 20, 2017 at 5:53 pm

    The biggest challenge is getting the finance. I took me almost 6 months to get my finance done. The interest was too high but I had no other option.

  28. Prashant

    March 20, 2017 at 5:54 pm

    I agree getting a bank loan is really difficult

  29. Tanvi

    March 20, 2017 at 5:56 pm

    This is the most nicest thing that I have seen today.

  30. Vikas

    March 20, 2017 at 5:57 pm

    Good

  31. Rishabh

    March 20, 2017 at 5:59 pm

    This is the most nicest thing that I have seen today.

  32. vivek

    March 20, 2017 at 6:00 pm

    Buying a new house is a big challenge.

  33. Ankit

    March 20, 2017 at 6:01 pm

    the middle class people are the worst victim. the interest rates are so high that it is almost impossible for a middle class guy to buy a proper home.

  34. Ena

    March 20, 2017 at 6:32 pm

    great job

  35. Anamika

    March 20, 2017 at 6:33 pm

    Rightly said, in order to dispute against a big builder you need to have strong contacts. For a common man it’s almost impossible to dispute against them, they have a lot of money and power but someone like me doesn’t. It makes me really sad that situation is getting worse.

  36. Ashish

    March 20, 2017 at 6:35 pm

    Don’t worry Akash you will get a house, lol

  37. zara

    March 20, 2017 at 6:35 pm

    More people should come forward with surveys like this. Great job Realty NXT.

  38. Ibrahim Tinwala

    March 20, 2017 at 6:41 pm

    Not every builder is bad. I am a builder and I like to have transparency with my customers

  39. wasim

    March 20, 2017 at 6:43 pm

    Best line ready to move ghar toh apne adnan sami jaisey, hahahaha

  40. ranu

    March 20, 2017 at 6:44 pm

    must read article must watch videos

  41. manoj

    March 20, 2017 at 6:45 pm

    I recently bought a house and I know what a painful journey it has been but finally moved in so I’m pretty relaxed.

  42. mohan

    March 20, 2017 at 6:46 pm

    the last one was funny.

  43. khushboo

    March 20, 2017 at 6:49 pm

    nice job

  44. gyan

    March 20, 2017 at 6:50 pm

    I don’t want to take the name of a highly reputed builder but i was shocked to find out that they were such big frauds. I lost a fortune in a project and still fighting in court. People make sure that you have done all the necessary paper works before buying a property. take legal advice if necessary.

  45. rohan

    March 20, 2017 at 6:52 pm

    there should be similar surveys all across the country and should reach the govt.

  46. abin

    March 20, 2017 at 6:53 pm

    there should be similar surveys all across the country and should reach the govt.

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