Posted by Admin on December, 14, 2020
Buying your own house is like a dream come true. It is not just a lifetime investment but also one of the most significant decisions of your life. It takes years of planning and savings to finally buy a property that matches all your needs. Thus, if you are looking for Real Estate Agents in Malad, East Mumbai, Maa Real Estate is your ultimate choice. Buying a property requires you to be careful about a lot of things.
With the help of experienced Real Estate Agents, you will be able to buy your dream house while keeping the following points in mind.
Fixing A Budget Based On the Location and Features
The first and foremost thing that needs to be done before buying a property is fixing a budget for it. With a fixed budget, it becomes a lot easier to shortlist a house. The price of a property varies on multiple points, the first one being the location of the property. The locality and the surroundings of the property play the most important role in determining the price. Properties that have more amenities and are located in prime locations tend to have a higher price point.
It also needs to be made sure that if the amenities that are being provided are worth the price quote or not. Moreover, the property needs to be located in a safe and secure place that offers you to live peacefully without any worries.
Analyzing The Total Carpet Area And Looking For Any Hidden Prices
The factor that determines the price of a property is the area that is available within the walls of a property. The pricing of the property is set with regards to the total square foot of area that the property is offering. Thus, it is important to make sure that the price that is being charged for the property is legit or not, keeping the carpet area in mind.
The other major thing that needs to be kept in mind is ensuring that all the transactions are made transparently and there are no hidden costs. Thus, it is very important to read through the deeds and agreement papers to ensure that all the prices have a clear marking and are backed up by the final results and services. Moreover, if the dealer fails to provide you with possession of the property within the given time, they are also required to pay you a penalty.
Executing Legal Checks And Bank Finances
The most important thing that needs to be done after selecting a property is verifying if the property is legally authorized to the plot over which it has been built. The developer needs to get approval from a couple of different departments like the electricity boards, water supply, sewage boards as well as the Municipal Corporation. Only if all the approvals are in hand, the property would be suitable to be bought. Moreover, if the property has any sort of legal dispute, you may not be able to receive any financial loan from the bank.
Thus, it is also very important for an agreement to be made between you, the dealer, and the bank concerning the legal checks and financing of the property. It is very crucial to go through the agreement thoroughly before signing it. You should understand all the clauses very clearly and if there is any doubt, you should point it out for further clarification.
This entry was posted on December, 14, 2020 at 16 : 41 pm and is filed under Property. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response from your own site.
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