Property Buying in Patna.

Whenever you think to buy property in Patna, first thing that comes in your mind is the deal reliability. As you are going to put all the hard earned money of your life in it, therefore before buying property in Patna you should consider all the things related to it. Everyone’s main concern is to ensure that they only get the best property deal otherwise it is wrong investment in Patna.

Planning & research

Before buying property in Patna the most important factor to consider is the purpose of buying property in Patna; whether for residential, commercial, long term investment in Patna or short term investment in Patna.

The first step after deciding the motive is to do your research. As without the complete research you can’t understand the present scenario of real estate Patna and you won’t get the best deal. So do your thorough research. You can also take help of any real estate agent in Patna which will serve your purpose better.

Expenditure including hidden charges

After research, sort out the Patna property list as per your budget. Check out how much amount of home loan you can get. So you have very clear picture in your mind that which options are available to you.

Include all other expenditure like real estate agent’s commission, lawyer’s fees, registration & notary charges in your budget so later on there isn’t any pop up hidden charges.

Try to estimate about the resale value of property in Patna.

Check Legal Documents

·                                 Check the seller has all the legal documents related to property in Patna. If you can’t check it yourself, get it done from a lawyer. This will prevent you from any trouble later.

·                                 The most important is the clear title of the property in Patna. Make sure about it as with unclear property title you can’t get home loan from any financial institute.

·                                 Ask for all the required documents which show property is free from any liability. And make sure all layout plans of building are approved & registered by government.

·                                 Make sure any outstanding liabilities (if any like mortgage exists) are cleared by seller.

·                                 Make sure all the facilities like electricity, water along with parking, location, connection with all roads are perfect.

Negotiation

Don’t show builder that you are very much interested in his property in Patna to buy otherwise he will not negotiate much in price. Do the negotiation as much as possible as it’s done definitely.

House inspection report

After checking all the criteria, don’t hurry to make payment before getting report from property inspector as he gives thorough report. Besides his report, try yourself to find if there are any other problems with the property in Patna.

Finally, you can surly take help of any expert real estate agent in Patna. But in many aspects you have to research your own. With help of above tips you can definitely look forward to buy property in Patna with confidence and take a right and perfect decision.