Willing to buy new Property? Few things to consider.

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Buy New Property

These days many real estate projects are launched on a large scale. People are getting attracted to these projects as these are available with high class amenities. If you are one of those who are planning to buy new property in the form of land or any house, you must consider few points.

Here are some of the few points that are listed below:

Enquire about cash payment:

buy new Property

The seller property can be a property dealer, and he may want a part of the selling price in the form of cash. In the sale document, he may only mention the amount you need to pay through Cheque, not the whole price. As a result, you will not be able to get the home loan at full price.

Check if the property is registered:

Numerous properties are sold through the use of power of attorney. You must check whether your property is included in the government registry or not. If it’s not registered there, it should be cheaper.

Enquire if the house is free of debt:

If you are willing to buy a new house, you must check whether the property is mortgaged to the bank or the Housing Loan is paid? You must also ask whether all of the utility bills are cleared or the possession has been taken.

Enquire about the documents order:

Analyze all of documents such as share certificate, agreement made by the seller by previous party and NOC from housing society.

Enquire about Transaction costs:

You should enquire about the operational costs to be incurred. This is because the housing society may demand additional charges, even though some fees are fixed.

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