Hello friends, I am Tejpal Choudhary from Rightup realty in this blog. I am going to tell you all the important steps that you must know before buying any property. if you want to buy any property Right up realty can help you to buy the property.
Read the complete blog and ask your questions in the ent box
Mindset / Purpose
The first important step before buying any property is to find out the purpose or mindset of whatever property we are buying, from which purpose we are buying it, whether this property is from an investment purpose or a rental property. Is or residential property that we are buying property to live on our own, then it is very important to find a purpose.
BUDGET
The second most important step for buying any property is to decide the budget. This is a very important step. Before buying any property, whether it is a rental property or residential property, or any commercial property, that we need to decide the budget for that property, after calculating the complete income and expenses, we have to decide Our budget. how much we want to do down payment for the property and how much we would like to take credit for the property, which is a complete mathematics calculation.
LOCATION
The third most important step is to decide the location of the property, whichever property you want to buy at which location, and what kind of environment nearby if our purpose is clear then there is not much problem in deciding the location, whether it is a rental property, a commercial property or a residential property.
4.LEGAL VERIFICATION BY LAWYER
It is very important to get a legal verification of that property before buying any property because you invest a lot of your life’s savings in the property, so this is very important to get legal verification to avoid fraud happening in the market. For that, you can hire any legal advisor or lawyer in your area and get the legal identity check done for that property. For this, the lawyer can charge you some amount of money,
LOAN ELIGIBILITY
The fifth important step is to get the loan’s eligibility check. Every bank checks the CIBIL score of every person before giving a loan, the bank checks your income source. If you are eligible for that loan, the bank lends you money. If you want to take a property loan to buy a property, then it is very important to do a pre-check for the loan and how much loan Do you want to take, are you eligible for that loan amount? bank checks your credit score then banks decide to give you a loan for the property by looking at income sources and if you are buying the property for business purposes bank checks the balance sheet of your business to lend you money.
6.Stamp Duty & Additional Costs:
This is an important expense or tax, much like the sales tax and income tax that is collected by the Government. When planning your budget for property buying and deciding to buy a property, you need to know the rate and charges applicable in your city. If you want to know the market value of your property and the stamp duty amount on it, you need to contact the Ready Reckoner to locate your valuation zone and sub-zone. Find out the stamp duty amount applicable to you as per the market value.
Even if this is your first home buying experience, you will want to get help from a team of professionals. Fees or service charges by real estate agents, lenders or mortgage brokers, home inspectors, land surveyors, lawyers or notary, etc. should be considered. Find out how much the maintenance charges. Will car parking be provided and do you have to pay extra for it. If your previous owner did not have a vehicle, speak to the secretary of the society and ask for a parking lot.
To buy your first property, buy with right up realty to avoid all frauds
We are 100% responsible for the property you buy through us
Right Up realty provides 100% safety and security to its customers
We do all the tasks, searching the party, legal verification, heck loan eligibility
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