The Process Of Buying A Home

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THE PROCESS OF BUYING A HOME
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• Find The Right Agent
• Begin To Identify Properties
• Know How Much Can You Afford
• Perform Legal Diligence

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Find The Right Agent

• An important partner in your home-buying process,
  a property agent is the first person you should
  hire. Look for an agent who is well-versed and
  has an experience in the localities of your
  choice. Pick an agent with good business acumen
  about the current real estate market.
• Their knowledge about the localities and
  surroundings, and home-buying process as a whole
  coupled with negotiation skills can prove to be
  boon for you as a homebuyer.

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Begin To Identify Properties

• An agent, once hired, will be your partner from
  the very beginning of the process. Along with
  your agent, begin to find the potential
  property options in the localities of your
  choice. Make sure the properties you choose fits
  the list of your key parameters of home buying.
• Figure out your expectations from your home such
  as amenities, features and specifications. Start
  touring these properties and strike out the ones
  that are not fulfilling all the key parameters
  you want in your home. Make a list of all the
  things you saw in each property, take pictures
  and make videos. Sit down and put all of these
  together to shortlist.

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Know How Much Can You Afford

• The price of the property is a crucial parameter.
  Know that apart from the cost of the property,
  there are other overhead charges, too. This
  includes stamp duty, legal fees, brokerage fees,
  property tax, etc.
• Define how you plan to invest in a property. Now,
  pick the shortlisted properties and begin to
  evaluate their worth in context of the selling
  price of these properties. Once you find a
  property that fits your budget, begin to look for
  a bank that offers attractive rate of interest
  on home loan.

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Perform Legal Diligence
Whether you are buying a primary or a secondary
property, make sure that the developer or the
seller has the title of the property (the right
to sell). In case the property is in a housing
society, know all about their occupancy
certificate and safety certificates. The
home-buying process would also require a legal
expert to read into the agreement and also,
handle other legal formalities.
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The Medallion
The Medallion Mohali is selling a luxurious
independent apartments with a panoramic view.
These flats assure plenty of sunlight and good
ventilation.
919779927799
www.the-medallionmohali.com