Why it’s Beneficial to Buy House during Monsoon and Festivals?

Generally, many would believe that monsoon, i.e. the season of rains is a dull period for the real estate industry. This perception comes out as many think that hunting for homes during this season is not a good idea and several stay away from even checking out houses during rains. However, the experts in this industry suggest otherwise, and of course there are valid reasons for this.

During monsoon, there is a huge stock of unsold homes that each builder has, due to the fall of the overall demand for real estate. Even people wanting to re-sell their houses in the market would have to wait for almost 3 to 4 months. Some sellers, who are desperate, might come out with some price cuts to ensure a quick sale. Another good period to buy a property is during the festive season when lots of discounts and offers are given. Festivals such as Dusherra and Diwali are the prime festivals during which you can opt for buying a new house. Here are some additional benefits of buying a house during monsoon and festivals:

Bargain for lower rates: Generally property buyers prefer to wait till the festival season to buy real estate property. Bargaining for lower rates with your builder can be a good option to get the best deal in Monsoon and even during festive season.

Good time for Inspection: Majority of the property buyers opt for buying a property during the festive season or in summer. During this time, you can check for building structure and signs of dampness or leakage before signing on the dotted line.

Monsoon & Festive Discount: The builder generally tends to get rid of prevailing projects during monsoon in order to start new project in the upcoming festival season. They are also ready to offer lower rates to serious buyers.

Good Locality: Buying property in monsoon can help you find the appropriate property along with good location. Also, it will give you an idea about problems regarding water logging and traffic or time taken to commute in that locality during monsoon. Such type of search becomes particularly important if you’ve shifted to a new city and aren’t familiar with the locality and the geographical problems.

How to Avoid Mistakes while Buying Property?

If you are looking for a property in or near Mumbai then you need to be extremely sure about the deal you make. Not that the deals aren’t better but you need to be extra careful while making a real estate deal. Several properties have come up in Virar, a bustling suburb near Mumbai and several 1, 2 BHK flats in Virar are up for sale at a very good price. With Diwali round the corner, you can get a good deal on the property. However, it’s best to learn from the mistakes others have made in property dealing in order to avoid it doing yourself.

You can do this by starting your search online and not just relying on print as most homes aren’t advertised in the newspaper. If you don’t want to search on your own then you can hire an agent for minimal amount that can bring you some good deals.

Buying your house/property at the right time before the festivities or during monsoon can help you get a good deal as during this time the real estate market tends to offer property at quite a lower rate than the market.