India has seen a huge growth in online Property purchases and the first step of all property buyers is researching for property online. Property online research can be a tiring task when it comes to decoding jargons and looking up for legalities.
People generally research about properties online if they are residing
at a location far from the project or if they are looking to make an investment
at a property at a newly developing area. Due to the increase in the number of
people looking for properties online, property sellers have started provided
huge discounts and offers that are inviting even more traffic on their
websites. This also helps potential property-owners for online property valuation.
Online property research can be very dicey due to the fact that you
are not physically present to check the surroundings, the specifications, etc.
You are also not assisted by an executive who can solve all your doubts by
being present. So, here are a few things that one needs to keep in my mind when
obtaining property information online in
Always make sure that the property has clear titles. You can easily do some online digging to check if the project/property owner is barred of any disputes.
- Take online virtual tours and compare the actual site with the approved plan and check if all the promised amenities and the mentioned distances of important locations are correct.
- The next important thing you need to do is check the average property prices and capital growth of the area.
- While doing some research on the area where you plan to buy your property, make sure that you also get some insights on the market cycle. You can consider the Demand to Supply Ratio, Days in Market, Vacancy Rate, Rental Yield, etc.
- While you are at it, also visit the municipal corporation or local council website to keep an eye on the latest developments around your potential property or any news that can help you arrive at a decision.
Internet has become the best place to look up information related to
buying and selling property. Getting property
information online in India is easy and helpful if you are researching in
the right direction.