Commandments
For Cracking The
Right Property
Deal
10
“
Buying real estate is not only the
best way, the quickest way, the
safest way, but the only way to
become wealthy
”
Mars...
Buying A Home
Is One
Of The
Most Important
Decisions Of Your Life
Make
The
Right
Decision
“
#1
Do your
research
well
Doing considerable background
research on the potential
property increases the chances
of a profitable purchase
Before making an agreement check
- The neighbourhood
- Crime rate
- The Age of the property
- Features of the property
#2 Get A Buyer’s Agent
If you are buying a property for
the first time, involve a
real estate agent rather than
going for private buying
The buyer’s agent should
- Have thorough knowledge about the area
- Should be considerate about the buyer’s
requirements
-...
“
#3 Think Long Term
Real estate is a long term investment
and be prepared to bear the expenses like
- Maintenance charges
- Property tax
- Mor...
#4 Get all the information you need
Demand for the disclosure of the complete
information about the property.
This may include
- Information regarding electri...
#5 Compare market prices
Get the market price comparison analysis
report by a real estate appraiser before
making an offer.
This will help you in a...
#6
Have you got your
Agreement letter
and
Allotment letter ?
The Development agreement contains
details regarding the terms and
conditions on which the landowner has
permitted the bui...
The allotment letter contains the clauses
regarding the builder’s liability in case
of problems after possession or delays...
#7 Involve A Lawyer
Legal documents are quite difficult to
understand and sometimes have some
confusing clauses.
To avoid any surprises consul...
#8 Choose your banker
Ask the bank financer to provide the true
value of the loan and the full details
regarding the terms and conditions of the...
#9 Check the Sale Agreement
Once you have decided on a property that
satisfies your requirements after inspection,
read the settlement statement thoro...
#10
Before
property
handover do
another final
check!
Before releasing the final payment to the
builder/seller you have full rights to inspect
the property yet again.
We advise...
Check out the
10 Essential
Tips That Every
Home Buyer
Should know
Find
Your
Dream
Home
CommonFloor.com is India's leading property search portal.
On a mission to make property search hassle-free, transparent a...
10 commandments for cracking the right property deal
Upcoming SlideShare
Loading in...5
×

10 commandments for cracking the right property deal

7,437

Published on

Buying a home is everyone’s dream and one of the most important decisions of your life. It is possibly one of the biggest investments you make in your lifetime. Hence, it is vital to look at all the intricate details when you purchase a property. Following are ten tips you should look out for when you buy a home.

Published in: Real Estate, Business
2 Comments
17 Likes
Statistics
Notes
  • 2 BHK,2.5BHK and 3BHK Luxury Flats for Sale in Sarjapura Road Near Wipro Corporate Office: 09740342454,09916229967

    Purva Elite has come up with 2BHK and 3BHK Luxury Flats apartment in Sarjapur road which are having all facilities and a great investment too. Purva Elite Flats for Sales in Sarjapur Road promises to give you that rare feeling of being far away from the rest of the world. But what is truly amazing about this property in sarjapur road is that all this serenity and calm sits right in the middle of the city.
    Flat Facings: East & North
    Dimensions:
    2 BHK: 1095 sqft, 1085 sqft, 1055 sqft,1010 sqft, 970 sqft
    2.5 BHK : 1100 sqft,1130 sqft
    3 BHK: 1360 sqft,1350 sqft,1340 sqft,1320 sqft,1325 sqft,1255 sqft,1235 sqft,1080 sqft

    Approvals:
    BBMP Approved “A” Khatha
    Bank Approvals:
    Approvals from SBI, LIC, Axis, HDFC, ICICI , Andhra Bank & All Leading banks and Financial Institutions

    Project in a Glance:
    • Purva Elite is a prestigious project from Purva Mithra Developers
    • 80 Spacious 2BHK,2.5BHK & 3 BHK Apartments in 2 Blocks
    • Ground + 3 Upper Floors
    • All Modern Fully Loaded Amenities
    • 100 % Vastu compliance
    • No Common Walls
    • Having 4 Bore wells with good water resources to minimize maintenance cost
    • Each Block consists of 2 branded Lifts


    Amenities:
    1. Children's Play Area
    2. Multipurpose Hall
    3. Gymnasium
    4. Jogging track
    5. Swimming Pool with toddler's pool
    6. Intercom Facility
    7. Power Backup
    8. 24*7 Security
    9. Covered Car Parking
    10. Rain Water Harvesting
    11. Sewage Water Plant
    12. Water Softener


    The Neighbourhood Software Companies (SEZ’S):
    Ecospace, Softzone, Vrindavan Tech Park, Pritech Park, Cesna,Presige Tech Park, RMZ Hallmark, Salarpuria Touchstone

    Wipro, Intel, Nokia, CISCO, ACCENTURE, Collabera, Capgemini, Pega, Intuit, AOL, HoneyWell,Microland,PMC-Sierra,Cadence,Broadcom,First Source,LGSoft,InMobi,Aruba Netowrks,EMC2, JP Morgan Chase,LSI,SAMSUNG,Ciber,symphony

    Shopping Malls nearby:
    Total, Bigbazar, Spencer, Bangalore Central

    Schools Nearby:
    Harvest International school, Delhi Public School, India International School, St.Peter's School

    NO BROKERAGE CHARGES FROM CUSTOMERS
    Feel Free to get in touch with US:
    Praveen : 09740342454
    Venkat : 09916229967
    Purva Mithra Developers
    Website: www.purvamithradevelopers.in
    Email:info@purvamithradevelopers.in
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Dear friends i am a property consultant in Mysore / Bangalore Karnataka any leads required let us know there will be clarity, integrity, trust, strong administrative, marketing & profit oriented leads taken up, is our motive, farms, town ship residential land etc At present we are looking for foreign investor / land purchasers business partner to fund 100% interest free for a multipurpose project in business oriented areas. RONALD PAES Raja Realty 98800305698 ;ronaldpaes369@gmail.com we have other projects Skype ronald.paes1
    rpksrinfra@gmail.com
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
No Downloads
Views
Total Views
7,437
On Slideshare
0
From Embeds
0
Number of Embeds
13
Actions
Shares
0
Downloads
37
Comments
2
Likes
17
Embeds 0
No embeds

No notes for slide

10 commandments for cracking the right property deal

  1. 1. Commandments For Cracking The Right Property Deal 10
  2. 2. “ Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy ” Marshall Field
  3. 3. Buying A Home Is One Of The Most Important Decisions Of Your Life
  4. 4. Make The Right Decision
  5. 5. “ #1 Do your research well
  6. 6. Doing considerable background research on the potential property increases the chances of a profitable purchase
  7. 7. Before making an agreement check - The neighbourhood - Crime rate - The Age of the property - Features of the property
  8. 8. #2 Get A Buyer’s Agent
  9. 9. If you are buying a property for the first time, involve a real estate agent rather than going for private buying
  10. 10. The buyer’s agent should - Have thorough knowledge about the area - Should be considerate about the buyer’s requirements - Competent enough to negotiate on your behalf with the seller or seller’s agent
  11. 11. “ #3 Think Long Term
  12. 12. Real estate is a long term investment and be prepared to bear the expenses like - Maintenance charges - Property tax - Mortgage burden
  13. 13. #4 Get all the information you need
  14. 14. Demand for the disclosure of the complete information about the property. This may include - Information regarding electricity and water supply - Materials used for building construction - Municipal rates - Maintenance cost
  15. 15. #5 Compare market prices
  16. 16. Get the market price comparison analysis report by a real estate appraiser before making an offer. This will help you in analysing the right price of the property and negotiate well with the seller.
  17. 17. #6 Have you got your Agreement letter and Allotment letter ?
  18. 18. The Development agreement contains details regarding the terms and conditions on which the landowner has permitted the builder to do the development on his property
  19. 19. The allotment letter contains the clauses regarding the builder’s liability in case of problems after possession or delays in construction situation, agreed price, construction and payment schedule
  20. 20. #7 Involve A Lawyer
  21. 21. Legal documents are quite difficult to understand and sometimes have some confusing clauses. To avoid any surprises consult a lawyer of your choice to secure the legitimate and finance documents.
  22. 22. #8 Choose your banker
  23. 23. Ask the bank financer to provide the true value of the loan and the full details regarding the terms and conditions of the loan and ensure there are no hidden charges involved
  24. 24. #9 Check the Sale Agreement
  25. 25. Once you have decided on a property that satisfies your requirements after inspection, read the settlement statement thoroughly to check if it holds any clause which dissatisfies you prior to closing the deal
  26. 26. #10 Before property handover do another final check!
  27. 27. Before releasing the final payment to the builder/seller you have full rights to inspect the property yet again. We advise you to hire an authorised personal to do a thorough inspection of the property.
  28. 28. Check out the 10 Essential Tips That Every Home Buyer Should know
  29. 29. Find Your Dream Home
  30. 30. CommonFloor.com is India's leading property search portal. On a mission to make property search hassle-free, transparent and fruitful; CF has best of breed property search on maps, property search mobile apps and an extensive section for knowledge resources and advice in real estate.
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×