What to keep in mind before buying and selling property

Durgapur is now a progressive city and the real estate industry is booming here. Many people are indulged into buying and selling property here. But there is a lot of risk in it. So, before trading, remember certain tips about that.

Everyone wants an own home, which is not only a shelter, but something more than that. If you are going to begin a new life or if your family is going to increase or if you are trying to launch your own business, a proper residence is needed. In Durgapur, you can find many such properties to deal with. But, if you are going to purchase or sell your home for the first time, there are chances to get cheated. Hiring a real estate agent can sometimes help you out, but before dealing with a property trade, but to buy and sale property in Durgapur, you need to analyse many things.

Valid documentation

Dealing with the property is not an easy job to do. It is the matter of lifetime. Whether a buyer or seller, you need to check all kinds of legal authorization. The sale document, which is a valid proof of sale and transfer of the ownership, the mother document, which ensure the antecedent ownership, the conversation document, which is a certification saying the change of usage of land from agricultural to housing purposes, the completion certificate issued by the municipal authorities stating that the construction of the building is complete according to the approved plans, the occupancy certificate, which guarantee that the building is ready for occupancy , the encumbrance certificate which ensures the property doesn’t have any legal dues are some important certifications required at the time of agreement.

Agreement paper

While a property deal, some rules and regulations should be there from both the parties which are written in allotment letter. Both the parties should read it carefully, scrutinize the legitimate inferences and apprehend requirements and responsibilities. Before signing the deal, it is better to read it carefully and ask for a copy of the paper and clear out the doubts if any. If required, negotiation is needed.

Approval of plans

The allottee should check the plan, design and specification of property and must ensure that the plans are properly executed. The plans may change but with the allowance of both the parties.

Understand the market

To buy and sale property in Durgapur, you should have proper understanding of the housing market of the particular area. Make proper strategy according to its condition and then hire an evaluator and setup the cost of your home Gainesville ga apts for rent.

Preferred location

It is the important thing that matters. The purchaser always wants to buy a home in a chosen site, if not then the company refunds the location charge by adjusting in the last instalment.

Parking lot preservation

Most of the people now own a car. So a parking place is needed along with the flat. The charges also comes with the whole allotment cost.

Leave a Comment