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Here's what you must watch out for while inquiring about real estate deals at property exhibitions.
The property buyer of 2012 is markedly different from the property buyer a decade ago. Today, an average property buyer does hours of research before shortlisting the properties s/he would be interested in.
The research happens mostly on the Internet and by asking the people s/he trusts. However, there are some avenues that these property buyers miss. One such important avenue is a property exhibition.
We discuss what a property buyer can expect from a property exhibition.
Click here for Rediff Realtime News on Property Exhibitions
What does a property exhibition comprise of?
Typically, a property exhibition comprises of a group of developers from a particular area who wish to showcase their projects so as to attract buyers.
Does a property exhibition give the complete picture of the market?
The real estate market in India is so vast that a complete picture of the market is very tough to paint on any one single platform. However, a property exhibition gives a representative snapshot of what is hot and what is not in the property market.
Why are property exhibitions important for property buyers?
Property exhibitions would be important for three key reasons:
What are the questions every property buyer must ask at such exhibitions?
When finding out projects details there are some inquiries that every property buyer has to make. Like:
What not to expect from a property exhibition?
Majority of property exhibitions focus almost exclusively on new construction projects. So do not expect resale properties to be available at such exhibitions. Also, do not expect individual property sellers to be present here. Typically property exhibitions are dominated by large or medium sized developers since they have considerable inventory to sell.
Another thing NOT to expect at a property exhibition is the depiction of 'actual on the ground' picture. For that, obviously, a visit to the site makes sense if you are a buyer wanting to get a complete picture of the property in question.
Do you have any questions about property buying? Send them to us at property.confusion@rediffmail.com and we can help you solve issues.