Currently, the housing industry is proliferating with each passing day. In today’s housing market, everybody is struggling to find a perfect home that will be lucrative with all aspects including budget, amenities and location. Amidst such high demand for good housing, it results in ever-increasing project prices. Furthermore, many experts are projecting that home values could appreciate by another 5% or more over the next twelve months. Thus, one major challenge in such a market is the bank appraisal.
If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the selling price when performing the appraisal for the bank.
Every month, Loan-provider firms measure the disparity between what a homeowner believes their house is worth as compared to an appraiser’s evaluation in their Home Price Perception Index.
Every house on the market has to be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). With escalating prices, the second sale (to the bank) might be even more difficult than the first.
But we have some projects who offer attractive flats in an affordable cost with all luxurious amenities like Xrbia Developers, who not only having special rewarding offers but also have projects with 0% EMI options for buyers.
The Xrbia projects include many budget housing projects as well as premium projects that give you diverse options as a buyer besides with suitable bank appraisal options. These Xrbia ventures include projects like Smart City Neral, Xrbia Hinjewadi, Xrbia Riverfront, Xrbia Abode- , Xrbia Eifel City II Chakan etc. Award winning premium project like Xpress City near Panvel is also a part of the company’s offerings.
This gives you plenty scope to select an abode of your choice within a budget both you and the bank find suitable.