How to make the most of Property & Home Loan Expos?

As a potential home buyer you are on the constant look out for good opportunities for a sound investment. Hectic lifestyles make it difficult to do the groundwork that is needed to narrow down on a few potential prospects for a home. Over the years, what has gained favour among home consumers is the property and home loan exhibition. Here is how you can make the most of the next property and home loan exhibition in town.

How you can make the most of a property and home loan expos ?

Suresh Hari, Secretary, CREDAI, Bengaluru believes that, it is important that a consumer have certain basics in mind such as:

• The locality where he wants to buy a home
• The budget
• His expectations of the space
• The amenities he may be specifically looking for, etc.

Having a pre-approved loan status will also help get things rolling faster.  The buyers should be prepared to take quick decisions, since certain offerings made at Expo will have limited period of validity.An HDFC spokesperson adds to this saying that, the prospective home buyer should be prepared with the idea of buying a property. He should be ready with,

• His income -papers (including Form 16)
• Salary slips for last three months
• Bank statements for the past six months
• The buyer should invest enough time at the exhibition and explore all the options.

Other benefits you may look forward to:

• Many exhibitors tend to have special discounts available for spot booking.
• Also available are discounts on prices for bookings done at the exhibition.
• Provisions are sometimes made for specialized interiors.
• Most exhibitions also tie-up with finance providers and so easy access to them is also possible. Such facilities will be available only for bookings made during the tenure of the expo.

Suresh Hari says that, a property exhibition offers several benefits to the end consumer. It creates an environment to provide a prospective consumer with all that he needs to consider for a purchase. Besides the above benefits, here is a look at some of the practical reasons to visit the next property and home loan expo in town:

• Exhibitions tend to promote projects that are in specific regions of a city thus cutting down the groundwork for consumers looking for homes in that area.
• It brings together in one place a large range of real estate developers, that are members of an organization like CREDAI and hence quality is ensured.
• There is ample opportunity for personal interaction with members of the property development company.
• The presence of prominent developers under one roof enables customers to compare facilities,costs and various merits of projects they choose.

For a developer such exhibitions provide:

• The ability to showcase to a large number of visitors
• Personalized interaction with consumers and the ability to answer their concerns up front
• The ability to promote brand awareness and penetration.

The main benefit for a customer is being able to interact with a number of reputed builders at one go. It saves a significant amount of time. Also, as a consumer, you will be able to meet with representatives that know the project well and who are able to understand your requirements. Certain projects will have a facilitated site visit during the expo, which otherwise will be a cumbersome process for a prospective customer.