Buying a property is not a small deal, rather, it’s among the biggest milestones to achieve in life. Property investment is a lengthy and multi-step process that requires several factors to be considered. Therefore, the IndexTap app, an online realty portal in India introduces advanced features that you can utilize to simplify each step of understanding the real estate market. Let’s walk through the process using the indexTap portal with the housing sector in MMR as an example.
- Micro-market Analysis
The very first thing a property buyer must do is analyze the specific area where they are planning to buy a property. A buyer can make an educated investment decision using the micro-market analysis details, which are a comprehensive report on current market trends. The IndexTap app helps a customer comprehend the purchasing habits of a certain Mumbai neighborhood. You can determine if it’s a seller’s market or a buyer’s market by looking at the entire demand and supply chart provided by the research. Consequently, you may create a pitch to close the business in your favor with ease.
- Stack View
Secondly, you can verify the property’s available inventory using the stack view function of the IndexTap app. Look at the available apartments before you visit a house that’s been put on your shortlist! To make the inventory easy to grasp, this feature includes a graph with red, green, and g rey colour codes. The colour red denotes sold properties, the colour green denotes homes that are still available, and the colour grey denotes booked properties. By using this function, you may save time and effort and create a budget for the vacant unit in the property you want. Additionally, since the gray-colored units are reserved but not yet sold, you can inquire with a realtor about them.
- Property and Locality
The next parameter is location, which is crucial in determining a home purchase budget. Depending on where you want to buy a home, the price of the property varies. As a result, IndexTap aids in your search for a certain property in a particular location. Additionally, you can check the number of units, the price per square foot, and the size of square feet. Knowing all of this information allows you to design your home-buying budget because doing so increases your short- and long-term financial stability.
- Transaction History
Following the above steps, you must now cross-check the pricing part. It is crucial and helps in figuring out the market value of the property concerning the targeted price. Because of this, the IndexTap app is a gateway that shows the property’s transaction history along with the date, time, and year. Knowing the projected current value of the property enables you to appropriately arrange the budget for your new home.
- Due Diligence
At last, Indextap also helps you find a potential seller and assists you with due diligence so you can easily access the risks associated with the property that you are willing to purchase. At Indextap, you can approach experienced realtors who can help you with overall documentation to ensure there are no legal encumbrances on the property. The realtors at IndexTap maintain transparency between both parties and rectify unforeseen issues.
In a nutshell, these are the detailed advanced features of the IndexTap app that are useful in understanding the property market in Mumbai. Thus, it is recommended to use this app to save more time, energy, and money.
Visit IndexTap for more detailed information on the housing sector in India or the best properties in MMR and real estate analysis.
