Tips on Buying Property

in Property

Owning a home is a dream for many of us. But this is a dream comes with a lot of paper work, tension and economic needs. In a nutshell, owning a home is a dream expensive. The house is a very big investment for most of us. It is not an easy task. It can take years to come into a house you really want to buy. And when that happens, you should fit your budget.

Plus one is the need to go through tons of paper work and other legal obligations, procedures, and eventually buy a house. And ‘legal jargon and terminology need to learn and remember, too. So to help make your life a little ‘easier to read the procedure for purchasing real estate in India below:

When buying a property be sure to investigate. This will help ensure that the property is clear and can be configured in the market. He must be prepared by the person who sells his flat / apartment / house. The person who buys the property must make a thorough inspection on the spot. This is very important because if one is willing to take ownership, the property will be required by the financial institution and on this basis, the loan will be sanctioned.

If the selected property is under construction, then you should ask the developer to give you a letter about the price and an agreement on development. In this document you will find the purchase price, the construction schedule, managers of the apartment and the delivery date. He also mentioned that the developer will be responsible if it fails to build the house on time. When you make a payment of 15 to 20% for the property, the sponsor must submit this document.

If you buy a ready-made property, then you must make sure that the seller of title to property, ownership and the right to transfer ownership. You need to know about the building where they buy an apartment, after all BMC, tax and other EU rules as well. All legal documents and certificates must be original, which must be purchased by the developer.

Stamp duty and, finally, the act are very important. Pay the stamp duty is generally a percentage of the value of the house will have to pay. When the buyer pays the stamp duty, his / her name is registered in the apartment.

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Ben Wall has 88 articles online and 1 fans

Yasir Samad is a head marketing and SEO consultant for Hilal Technology. Hilal Technology provides a wide range of SEO and website design services.

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Tips on Buying Property

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This article was published on 2011/07/27