to book a flat Most of the home buyers take the help of property brokers. In return, brokers take huge commission from them. This amounts to several lakhs of rupees in properties worth crores. However, it is not that the right flat cannot be booked without the help of a property broker. We answered this question CMD of Space India And veteran realty expert Rakesh Yadav Go from. Come, let us know what tips he gave to book the best flat without a property broker?
Book a flat without a broker like this:
1. First decide your budget
If you want to book the right flat without a property broker, then first determine your budget. What budget flat are you able to afford? Then consider the down payment and other costs.
2. Research the market
After deciding the budget, do research to select the best property from the available properties within your budget. You can do this both offline and online. In this, collect information about property price, market trend and inventory etc.
3. Identify your favorite property
Once you have decided on a budget, select the city and a project for your home purchase. After this directly connect with the sales team of the builder. Verify the information from the Real Estate Regulatory Authority (RERA) website for property details and builder credentials.
4.Visit the project
After shortlisting the properties, visit the project and flat in person after checking the details given on the websites. It is important to visit the project to understand the surrounding infrastructure and connectivity to the railway or metro station. Check out builders’ social media pages and property rating websites to know project feedback and ratings. Finally, rank the shortlisted properties based on your preferences.
5. Take financial decisions
Home loan is necessary to buy a house. You can directly talk to the bank or builder to take a home loan. Nowadays many projects are already funded by multiple banks. They give home loan easily. You should talk to the bank and prepare the loan documents.
6. Prepare and review documents
Review all required documents including builder-buyer agreement, paper work. Making sure there are no catches in the terms of the sale. After this negotiate the price with the builder.
7. Finalize the deal
After finalizing the price negotiation with the builder, finalize the loan from the bank. After this, you will receive an allotment letter containing the details of that flat such as flat number, area, extra charges etc. After reading it, sign the sale agreement. After this you will officially become the owner of that flat. By doing this you will save a good amount of money.
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