Oct 6, 2025
Ashwini BNAlways check the property’s title deed to ensure the seller has the legal right to sell. Look for clear ownership history and no disputes or encumbrances. A clean title saves future legal hassles.
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Confirm the property has all required municipal and regulatory approvals. Building permits, land-use certificates, and occupancy certificates are essential to avoid fines or future demolition risks.
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Visit the property in person. Check for structural issues, water leaks, electrical systems, and overall condition. A thorough inspection helps uncover hidden problems before purchase.
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Examine the sale agreement for terms, payment schedule, and penalties. Ensure clauses are clear, fair, and protect your rights. Legal guidance is recommended for foolproof clarity.
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If taking a mortgage, pre-check loan eligibility, interest rates, and repayment options. Understanding your financing ensures affordability and prevents last-minute rejections.
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Research the neighborhood for safety, connectivity, schools, hospitals, and daily conveniences. Visiting at different times helps gauge noise, traffic, and overall livability.
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Compare prices of similar properties nearby to ensure you’re paying a fair price. Avoid overpaying by reviewing market trends and expert property valuations.
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Know the property’s maintenance costs, property tax obligations, and any society fees. Hidden recurring expenses can impact your budget and long-term affordability.
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Check for pending lawsuits, unpaid dues, or mortgages linked to the property. Verifying the financial and legal background protects you from unexpected liabilities.
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