Buying a home is always a dream for every person. Everyone wishes to have a dream home that is easy to buy or build, But is Buying a home that easy?

We will discuss the major problems home buyers might face in 2021.

2021 is a fresh start for the whole world. A new set of opportunities welcomes a new set of problems too and when it is about the home buying the drill gets even harder.

The process to buy is a hectic process and every homebuyer will agree to this. So here are some major problems you may experience in 2021 for buying your dream home.

1. Uncertain Market Condition

The Covid-19 situation has made all the real estate market an uncertain thing. Many buyers are not sure whether they should enter the market or wait. Many Sellers are also not sure if they should reduce the rates or hold on to the current trend. In these uncertain times, buyers than to hold the current situation and not buy. But a positive mindset that buying a home will bring better times ahead can solve this major hurdle.

2. Unstable Income

In the year 2020, after the pandemic, many people lost their jobs and many companies are not giving the salaries on time or have reduced the package by up to 50%. This has lead to unstable, inconsistent income for the buyers. Though the lending banks also know but this has created a major question mark on buyers repayment capacity. The year 2021 is also almost the same. Buyers who have faced this situation will have a difficult time buying a home in the next 4-6 months.

3. Credit Bureau Score (CIBIL)

In the last 5-7 years Credit Score has become a very common word mostly known as CIBIL Score. There are many rating agencies and maintaining a good score is a responsibility for each and every buyer. No one can help a buyer if his or her score is not good. Making timely payments, Less Credit accounts, Less Credit Utilization are major factors and having a bad score is a negative point while you decide to buy a home.


4. Actual Property

When a buyer decides to buy a home, he has many things in mind. The Buyer will definitely look for 2 major things, Locality & Budget. A buyer would want to have his home near to his workplace and within budget, but most of the times it’s not possible and then the buyer either compromise on Budget or Locality, Compromise on Budget will hamper financial standing and locality will hamper his commute time. This will directly or indirectly impact his life and no buyer will ever want this. Rest minor things are which bank to choose, what interest rate, what amenities and Clear title properties. Once this step is successfully completed many buyers are ready to take the next step.

5. Arranging Paperwork

Many first time buyers are not aware that they will need a lot of paperwork apart from property documents. Documents like Bank Statement, Income Tax Filing Documents, Salary slips, ID Proofs. Company Letters in some cases. These documents seem simple in the first go but actual collection and setting documents in order is a big task. The buyer has to spend a lot of time and energy on this sometimes.


A quick piece of advice to avoid loss is that never rush into buying a home. Home buying is once in a lifetime investment, plan everything properly, educate yourself & keep your eyes open to be one step ahead of problems.