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 payable.
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