Property Purchase Decisions

Magicbricks.com moderator says:

Scenario One
You are staying alone or with family in a city because of your job location - not because you want to settle there forever.

Scenario Two
You are staying in a city as you feel you have good prospects for yourself and your family - not because you want to settle there forever.

Scenario Three
You are staying in a city because you have been born and raised there. You feel most secure and at home - not because you have best of prospects.

Scenario Four
You stay in a city because the property and standard of living is cheap there - not because you love the place.

There can be as many scenarios as there are people. Which one do you find yourself fitting in?

Buying a house is one of the most emotional as well as financial decisions that one makes for themselves and their families. However, the decision needs to be backed with careful analysis of your absolute prudence and pragmatism.

This is the reason why people wait for years and years before they are able to zero-in onto a home. The decision is difficult but the volatility of the prices increases the pressure to grab a deal for oneself in spite of a consistent need.

What are the factors that you would consider before taking the plunge?

• Property Price
• Loan Rates
• Locality
• Transportation
• Social connectivity
• Living cost
• Affordability

Tell us what would affect your property related decision the most and why?