My parents were insisting me since last year to purchase a flat. But it is very obvious that whenever one is planning to purchase a property for housing or marketable purpose, the task is always tuff. Even if you are an expert in property deal, your job would not be simple at all. In most situations, property deals are taken up with the aid of professional help. To ease out your task of property purchase, the following check list would help you to great extent during real estate search.
As a purchaser you are suggested to learn the common market movements. This would help you to get a clear hint of the prevailing prices of the units like to the one you expect to purchase.
From the vendor get the prints of all the endeavors of the goods. You are warned to get in touch with a worthy advocate to get some legal judgment. Determine few significant details like survey number, registering district of the material goods, town and such that are necessary during the cataloging for of sale. Make assured that entire the loans and encumbrances taken on the property are met up in fact; the title of the seller must be clear and prepared to be marketed.
Check the approved plan. Many things are built in deviation of the accepted plan. So, before purchasing always check out the amount of floors and the genuine footage said in the permitted plan.
You should also take notification of the clearances delivered by the pollution, municipality, water, lift authorities, electricity, and fire and occupancy certificates.
Make yourself alert of building by-laws of the region in order to confirm infringements with respect to setback, height, side setback, square-footage and such.
Discover out the whole amount you have to array as you have to bear several concealed responsibilities like handover fees, registering fees, and stamp job, other expenses like the property tax, water tax, electricity bill, society fee, upkeep charges and additional such.
After you have completed the payments you might, receive the legal ownership of the property along with original documents of the name from the property vendor.
Place your name as the name of property owner in the registers of the society, Electricity Company, Municipal Corporation, Index II and such.