FAQs
Read most frequent questions
What the first step of the home buying process?
The first step in the home-buying process is assessing your financial readiness. Determine your budget, check your credit score, and explore financing options with Singhania Buildcon’s expert guidance in Raipur.
How long does it take to buy a home?
Buying a home typically takes 2–4 months, depending on financing, property selection, and legal processes
What is a seller’s market?
A seller’s market occurs when demand for homes exceeds supply, giving sellers the upper hand. Prices rise, homes sell quickly, and buyers face competition, often bidding above asking prices.
What kind of credit score do I need to buy a home?
To buy a home, a credit score of at least 650 is typically required for favorable mortgage terms in India. Higher scores (700+) can secure better interest rates. Singhania Buildcon guides Raipur buyers to assess and improve their credit for a smooth homebuying process.
How much do I need for a down payment?
In India, a down payment for a home typically ranges from 10–20% of the property’s value, depending on the lender and loan type. For example, a ₹50 lakh home may require ₹5–10 lakh.
What is earnest money?
Earnest money is a deposit made by a homebuyer to show serious intent to purchase a property, typically 1–2% of the property’s value in India. It’s held in escrow and adjusted at closing.
