This document outlines 10 commandments for buying the right property deal. It advises doing thorough research on the property and neighborhood. It recommends getting a buyer's agent to represent your interests and negotiate on your behalf. It also advises thinking long-term about maintenance costs. Buyers should demand full disclosure of property details, compare market prices, carefully review agreements and contracts, involve a lawyer, choose a bank, read sale agreements carefully, and do a final inspection before completing the purchase.

1. 10
Commandments
For Cracking
The
Right Property
Deal

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
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3. Buying A Home
Is One
Of The
Most Important
Decisions Of Your Life
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4. Make
The
Right
Decision
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5. # 1
Do your
research
well
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6. Doing considerable background
research on the potential
property increases the chances
of a profitable purchase
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7. Before making an agreement check
• The neighbourhood
• Crime rate
• The Age of the property
• Features of the property
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8. # 2 Get A Buyer’s Agent

9. If you are buying a property for
the first time, involve a
real estate agent rather than
going for private buying
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10. The buyer’s agent should
• Have through 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
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11. #3 Think Long Term
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12. Real estate is a long term investment
and be prepared to bear the expenses like
• Maintenance charges
• Property tax
• Mortgage burden
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13. #4 Get all the information you need
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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
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15. #5 Compare market prices

16. Get the market price comparison analysis
report by a real estate appraiser before
making an offer
This will help you In analyzing the right
price
of the property and negotiate well with
the seller
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17. #6
Have you got your
Agreement letter
and Allotment
letter ?

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
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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
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20. #7 Involve A Lawyer
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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.
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22. #8 Choose your banker
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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
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24. # 9Check the Sale Agreement
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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
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26. #10
Before
property
handover
do another
final check!
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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 authorized
personal to do a through inspection of the
property.
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28. About us!!!
Satyam Properties is professionally managed
real estate firm based on the principles of
trust,intergrity & ethical business practices.
The company is flourishing under the
expert guidance of Mr. Y.R.Gupta. Their
expert knowledge of the Uttarakhand
property market visionary approach and
exemplary leadership skills have earned us
the reputation of a reliable Real Estate
Consultant, Builder & Developer.