How to Obtain a property without a down payment or waiting for a home loan

Most of the clients who I come across will be asking this question, well I should say, this is difficult but not impossible.

There are methods to obtain a property without a down payment or waiting for a home loan. I will explain them in detail in this post.

These methods will help you to buy properties from the best builders in Bangalore.

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Lease to own agreement

A lease-to-own arrangement involves the buyer leasing the property from the seller for a set period of time, before then purchasing the property outright. The purchase price will be agreed as part of the initial negotiations, but you will not have to make a down payment when you move in.

Skill offering

You can offer your skills / services in exchange for a property example: if you are are an interior designer, you can offer your services in exchange for a flat in the project (Depending on the value)

Swapping properties

 If you and the seller are interested in exchanging properties you may be able to negotiate a deal with no down payment.

Home equity loan from bank

You can always obtain loan across your existing properties (Mortgage) to purchase a new one.

Government Schemes

You can always look for a government scheme like PMAY( Pradhan Mantri Awas Yojana) or any local Govt schemes which are helping people to get their dream home.

Conclusion

All said and done, these are the methods to get a home without a home loan or down payment, hope this how to post on the important pain point like fin-planning is solved to some extent. Comment down your comments and something you wanna add.

Get the topics TO KNOW BEFORE BUYING AN APARTMENT IN INDIA here

What is it like to be a Real estate Agent

Before I Start writing about different aspects of Real estate, I would like to introduce my self by writing different aspects of being a real estate agent. I deal with the best residential projects in Bangalore

I am My Own Boss

As a real estate agent i am not working under anyone’s nose, i am my own boss, It requires self motivation, and should do everything by my- self, It gets lonely some times, but it is rewarding at the same time

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No Limited Income

As you might be knowing its the most rewarding career path if you are good at it, the more you earn, the more you get, i get exited by not only the money but, the immense satisfaction of helping the buyers to find their dream home.

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Getting into different shoes

As a real-estate Agent you should get into the shoes of a Adviser/Councillor, when a buyer is confused about choosing his dream home. A marketeer, when you want to acquire new business opportunities, an accountant when you are showing the revenue to the builder. There are so a lot of things a buyer should know before making a purchase, i am responsible to educate them on this.

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I Enjoy Roaming out in the city

I enjoy roaming out and meeting people, socializing is a part of my job. I hate to do a 9 to 5 job by sitting on a computer all the time, this is one of the reason i chose to be a real estate agent,

These are a set of problems we face on the daily basis

Market is down but i should deliver

Once in a while market goes down like post April, that is where a builder needs an agent, we should give him business in the off season, for that i take a challenge of acquiring the new customers, finding new opportunities etc.

Competition

The competition is all-over to win over it i compete with my own competitor, that’s me i know my strengths, i know my weaknesses, i make most of the former and i try to overcome the later, after all competitors teach you more lessons than the buyers.Positive thinking is the key.

Buyers want it cheap

Everyone wants a cheap deal. They are mostly pound smart penny foolish people, the key to deal with this people os to explain why it is so expensive. Finding out the things they care about and explaining with aright approach helps to close the deal.

Closing The deal

After going through all these hustle, closing a deal gives me immense pleasure,