HOME BUYING TIPS
Prices are on their way up” What to do ?
Don’t lose patience; wait till you find a house that fulfils your requirements. Real estate is no different from other asset classes. If prices go up during a particular period, they will also come down during a downturn.
You are shown the sample flat and persuaded to make a buying decision based on that What to do?
Insist on checking the space that is being provided in the layout of the actual flat. Get an idea of the ratio between the carpet area and the super-built up area.
“No EMI till possession” What to do?
See how much extra the developer is charging because of the offer. Check all the terms and conditions.
“You pay the booking amount to the developer but the lending institution refuses to approve the loan for the said project. What to do ?
Check if the developer has a tie-up with any home loan financing company (HFC). Enquire about the soundness of the project. Take the HFC’s help to check the property title, the sanctioned plan and the necessary clearances.