A real estate agent can ease the harrowing task of buying house. However, it comes at a price. You need to pay him a commission for his services. However, you must also verify the credentials of the agent. You should ask the agent to get copies of all title deeds from the seller. You must get a lawyer to verify these documents. You must get the agent to register the property with the correct valuation.
Be ready to make an offer:
Do an extensive search. Make a list of homes you have seen and the price list, what to like and do not like. Try to take photographs of the houses. It will be easier for you to recollect when you are short listing the options. Go on removing the names that you would not like to take a second look.
Don?t keep more than five options at a time. After visiting all the places, make sure you visit the 5 best places you liked again before taking the final decision. Be ready to offer a deposit for the house you liked the best.
Don?t keep more than five options at a time. After visiting all the places, make sure you visit the 5 best places you liked again before taking the final decision. Be ready to offer a deposit for the house you liked the best.
Go for a home insurance:
Some banks offer insurance along with the home loan at discounted rates. The value of your home is assessed as per the area of your home multiplied by the rate of construction per. sq. feet, on the date of taking the policy. For example, if your home is 1,000 sq ft and the rate per sq ft is Rs 900, then the sum insured for your home?s building is Rs 900,000. Home Insurance covers natural and man-made calamities like fire, earthquake, lightning, floods, explosion of gas cylinder, spread of fire due to short-circuit, riot, strike, cyclone landslide burglary and terrorism.
No comments:
Post a Comment