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The Process Of Buying A Home

Home loan eligibility depends upon the repayment capacity, income, existing loans or debts and age of the loan applicant. https://www.the-medallionmohali.com/

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The Process Of Buying A Home

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  1. THE PROCESS OF BUYING A HOME

  2. Find The Right Agent • Begin To Identify Properties • Know How Much Can You Afford • Perform Legal Diligence

  3. Find The Right Agent • An important partner in your home-buying process, a property agent is the first person you should hire. Look for an agent who is well-versed and has an experience in the localities of your choice. Pick an agent with good business acumen about the current real estate market. • Their knowledge about the localities and surroundings, and home-buying process as a whole coupled with negotiation skills can prove to be boon for you as a homebuyer.

  4. Begin To Identify Properties • An agent, once hired, will be your partner from the very beginning of the process. Along with your agent, begin to find the potential property options in the localities of your choice. Make sure the properties you choose fits the list of your key parameters of home buying. • Figure out your expectations from your home such as amenities, features and specifications. Start touring these properties and strike out the ones that are not fulfilling all the key parameters you want in your home. Make a list of all the things you saw in each property, take pictures and make videos. Sit down and put all of these together to shortlist.

  5. Know How Much Can You Afford • The price of the property is a crucial parameter. Know that apart from the cost of the property, there are other overhead charges, too. This includes stamp duty, legal fees, brokerage fees, property tax, etc. • Define how you plan to invest in a property. Now, pick the shortlisted properties and begin to evaluate their worth in context of the selling price of these properties. Once you find a property that fits your budget, begin to look for a bank that offers attractive rate of interest on home loan.

  6. Perform Legal Diligence Whether you are buying a primary or a secondary property, make sure that the developer or the seller has the title of the property (the right to sell). In case the property is in a housing society, know all about their occupancy certificate and safety certificates. The home-buying process would also require a legal expert to read into the agreement and also, handle other legal formalities.

  7. The Medallion The Medallion Mohali is selling a luxurious independent apartments with a panoramic view. These flats assure plenty of sunlight and good ventilation. +919779927799 www.the-medallionmohali.com

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