Property selling and buying seems a very simple process, but in fact it is a very tricky one. For selling or buying a property you will have to take care of a lot of things.
There are multiple reasons for this carefulness, first of all, who so ever is selling or buying property he is doing this at a cost. Secondly, generally the prices of houses and property are not quite affordable.
Due to these reasons, which can play a very significant role in investing and destroying your investment, you must contact some professionals and decide about your property with great expertise. For instance, if you are in India then for buying Provident Woodfield and Provident plots, you must contact the local state agents, because the rules and regulations for each state is slightly different .
Here are some basic steps which you must follow if you think that you are just a beginner and you doubt your abilities, follow this road map and you will definitely reach your destination.
1.Plan the budget
The first day when you have thought of buying property, that day you must get a pen and paper. Write down the details of your bank balance and asset.
Decide your budget, if you are married or you are planning to have that house with your friends and family then consult them and take their advice.
2.Get the right agent
Once you have got the rough idea about the budget, next you will be looking for the real estate agent. First of all make sure that the agent is from the same locality.
Secondly, ask him about his experience in this business and the commission he will be having, if in case you do not know about the land types and price differences then do to hesitate and ask the agent.
3.Meet and greet
Now, once you have located the buildings you want to buy, next it is to time to meet the owners. You must carry a list of essential things you will be checking at the location.
In case you do not find those things, then you must ask the owner to fix them. It will sound rude but that is how things have to go in this business.
You are not supposed to meet a single person; you must try to visit as many places as possible. This will expand your idea and range.
After intensive research it is time to finalize your deal, you must try to negotiate with the owner. This will sound quite unprofessional, but keep in mind that you are not supposed to be professional here; your point is to make the deal as flexible as possible.
5. Legal papers
While finalizing the deal, you must ask the owners about the legal status of the house or plot. In case you find out that it is unstable, then you must not pay the asked amount.
Consulting a lawyer is safer than analyzing these matters all on your own.