FIVE THINGS YOU MUST DO WHILE BUYING A HOUSE IN MUMBAI

GEC (Geeta Estate Consultant) shares valuable tips with Propertyalways.com buying a property, that home- buyers should be cautious about.

Buying a home is perhaps one of the most crucial decisions of one's lifetime. Each one of us wants to ensure that no stone is left unturned when it comes to selecting the best property or the best deal while selecting the dream home for our loved ones. Its major life decision and probably the largest financial investment one makes in their lifetime.

While most people will tell you what to consider before buying a home, it is equally important to know what not to do. You need to ask questions, look under the hood and test the waters before buying a home.

Below mentioned are few things to be aware of before finalizing the decision of buying a house:

1.    Select knowledgeable real estate broker: The process of buying a home is a tedious one but the whole experience can be enhanced by a good real estate consultant.

Selecting a respectable and genuine agent should always be on the checklist to ensure securing a good deal on the purchase of the property.

However, buyers need to be aware of fake agents in the market who may dupe them into a bad deal and take away a hefty amount as brokerage. Always make sure that you involve a credible agent in the purchase to avoid any kind of fraud or treachery. The purchase can be done directly from the seller to save the commission of an agent but without anyone to advise, the purchase could turn out to be one you would regret over. Also many reputed consultants do not charge the customer. it is best to get some references for good real estate consultants in the market.

2.    Non- RERA registered properties: One should always buy property which is RERA registered to avoid any consequent problems. Buying a non- RERA registered property will put you on weaker side if you wish to approach RERA to file a complaint for grievance. RERA has made it mandatory for developers to quote the registration number in all their promotions, which means they cannot advertise a project unless it is registered with RERA.

 

3.    Very small unit- size: in the current times, most realty players are trying to provide competitive prices to attract buyers. However, it is important to ensure that one checks the carpet- area provided by the developer. At times, 1 or 2 BHKs provided are too compact and may not be suitable for a large family.

Hence, one must always keep a range of unit- size in mind basis their requirement and ensure the project they zero down provides the same.

4.    Unpleasant Vicinity: One thing that is often left off from  the buyer’s checklist is due diligence of the vicinity.Bad locations affect the resale value of a property adversely.

Buyers should avoid buying homes situated in high crime vicinities or near an industrial area. Privacy and safety should not be compromised while making the purchase. A good neighborhood with well- developed social infrastructure always makes a huge difference as it directly affects the value of the property.

5.    Disputed Property: One of the most crucial steps is conducting a detailed check on the credentials of the developer and the property before making a decision on purchase.

A buyer should be careful because there are times when a disputed property is sold illegally without informing the buyer. One must take help from a real estate consultant or a lawyer who can help verify the authenticity of the property and ensure the legal titles are clear.

Note:- Contact to GEC for buying A property in Mumbai. Geeta Estate Consultant, offices at Juhu / Bandra / Andheri / Kandivali. Conatact No. 9870000699, 022-26205824 / 25

Visit website :- www.geetaestate.com