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Home Buying: Things to do from Start to Finish
[Chap. 8.2]
Stamp duty. Registration charges. Khata transfer charges. Utility Deposits like Water connection deposit, Electricity connection deposit, etc. 6. Other incidental expenses.
2. 3. 4. 5.
Talk to banks/HFCs
1. Terms and conditions of loan. 2. Interest Rate. 3. Borrowing costs like processing fee, commitment charges, prepayment penalty, etc. 4. Loan tenures and EMI. 5. Time taken for sanctioning the loan. 6. Time taken for disbursing the loan. 7. Freebies and corporate offers.
Shortlisting the property
Site or property visit. Speaking to the neighbours or occupants. Clear marketable titles. Credibility of the seller. Quality of the construction. Legal verification. Monthly payouts like maintenance charges, charges, etc. 8. Municipal taxes or property taxes. 1. 2. 3. 4. 5. 6. 7.
society
Deal Closing Formalities
1. Negotiate on price if payment is upfront. 2. Press for price negotiation if there are any Modifications/ repairs/painting to be done.