Real estate myths that you must know - Mumbai

There are many myths and misconceptions about the real estate market, including

Real estate always goes up in value: While real estate prices have historically appreciated over time, there can be short-term fluctuations and even long-term declines in certain markets.

You can't lose money in real estate: Investing in real estate carries risk, and it is possible to lose money if prices decline or if a property doesn't generate enough rental income.

You need a large down payment to buy a house: While a larger down payment can lower your monthly mortgage payments and interest rate, there are many programs available for first-time homebuyers that require little or no down payment.

Renting is throwing money away: Renting can be a smart financial decision, especially if you're saving for a down payment on a house, if you're not ready to settle down in one location, or if you're not prepared to handle the responsibilities of homeownership.

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The best time to buy is when interest rates are low: While low interest rates can make it more affordable to buy a house, the best time to buy is when you find a house that meets your needs and you can afford.