Planning to buy a home? Do your homework properly. See the red flags before investing; don’t just sign the dotted line without a thorough check. The real estate sector is one field where anyone can become an estate agent, and these street savvy, very vocal and glib people can take you on a merry-go- round ride taking advantage of the lack of transparency and the volume of paper work involved. Ask him some important questions like-
Developers legal background so that there are no legal hassles which can create problems for the buyer at a later stage.
Track record of the delivery of a project– make sure if your project is under construction that it will be ready to move into by the stipulated time or you will be in a fix.
Beware of fly by night operators- don’t fall for your agents sugar coated talks visit the premises at different times, find out about the neighborhood. [Read more…]