TYPICAL PROPERTY BUYING TIPS:
Propikr's endeavor is to facilitate & simplify the most important investment decision of buying homes or properties by our valuable users. The buyer must base his property buying decision primarily on location, budget, clear title, appreciation value, investment benefits, builder reputation, home loan approvals and the legal hassles involved, if any. Check to see if there are any third party interests, suppression of previous transaction, Previous dues paid and settled, prior agreement or litigations involved. To avoid any future disputes from children of the seller (who are not minors), their signature must be obtained on the bond/agreement. The property buying is a lengthy process needs lots of awareness, knowledge, clarity in requirement, decision taking power and paying capacity. Some of the significant points can be consider in the process:
- Location of property, neighborhood, connectivity, Infrastructure development, distance from city center, traffic in peak hours.
- Status of amenities including School, Market place, convenience store, Hospital, medical center, entertainment centers.
- Transport facility, distance between home and work place, parking
- Consult with legal expert for Legal document check & property verification
- Types of ownership, title, chain of document, present status
- Budget / Affordability, price, offers, discounts, loan eligibility, carpet area, super built up area.
- Reputation and credential of Builder, past deliveries and status of current projects.
- Property owners details
- Availability of water & electricity, sewerage and drainage network
- CCTV, Security and building automation system
- Amenities, facilities and specifications
- Maintenance Charges
- Property status, payment schedule and delivery date.
- Transfer charges, stamp duty and registration fee.
- Plot size, front, back, front road width, orientation, upper & lower floor owners,
- Structural stability, quality of construction
- Resale potential, Rental rates in the locality
- Initial deposit & stage payment
- Change the name of current owner in all government and authority records
- Possession
- Occupation & Maintenance
- Tax planning
- Property insurance
PROPERTY SELLING TIPS:
Some of the significant points can be consider before selling of property.
- Get your property valuation by professional
- Prepare property for sale including repairs, painting, renovation
- Clear all payments and dues
- Advertise, list property in the online portals
- Study the buyers profile
- Arrange site visit
- Realistic price match with current market rates
- Offers and negotiations
- Execution of transaction
- Documentation, registration, handing over
