Purchasing a
flat – read this.
1.
Identify
the property. Visualize the flat after keeping the furniture.
2.
Get
a commitment regards the date when the seller would be giving the possession of
the flat
3.
Make
it a point to inspect the original agreement, original share certificate, last
bill and receipt.
4.
Always
take an affidavit from the vendor that he is holding the said flat in his
personal capacity and not as a nominee.
5.
Talk
to your would be neighbors
6.
Do
not hesitate to ask questions even though it may not be liked by the
prospective vendor.
7.
Has
clear cut idea as regards the carpet area of the flat
8.
Have
clear idea about hidden expenses as regards brokerage , society charges
,parking charges etc
9.
Ask
specific questions eg: what all items of furniture will be taken by him and
what will be left by him . Mention the same in a letter exchanged between the
parties.
10.
Negotiation
is an art . do not show interest on your face while negotiating.
11.
Meet
the society office bearers and ask them the transfer charges payable.
12.
Have
a clear idea regards right in parking space
13.
Make
it clear that all past liabilities would have to be borne and paid by the
seller.
14.
Take
search of the property issue public notice through your lawyer.
15.
Always
ensure that the agreement contains the history of the earlier purchasers of the
property.
16.
Do
insist for a receipt for the amount paid
17.
Even
if you do not need finance do take a negligible bank loan.
18.
Please
check the stamp duty payablા
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