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When your real estate agent is a freehold property owner, you are in trouble

September 6, 2021 Comments Off on When your real estate agent is a freehold property owner, you are in trouble By admin

A freehold estate agent can be your next source of debt.

You can lose your home, your job, your bank account, your pension, your car and your credit card.

The only thing you can do is to stay up to date with the latest developments and ask questions.

So what can you do if you are a real estate property owner in India?

Read on to find out.

1.

Ask questions before buying the home The first thing you need to do when buying a house is to ask questions and get a feel for it.

If you can afford it, you can probably afford to go for a few months before you decide to buy.

The real estate agents in India are known for their courteous attitude and willingness to answer questions about properties.

2.

Ask about warranty The warranty is the warranty you receive from the builder.

If the warranty is in good terms, the builder may be more than happy to give you a few more months.

However, the warranty usually only lasts one to two years.

If it doesn’t last very long, you should ask the builder to extend the warranty.

3.

Look for details The home should have at least two rooms and a bathroom.

The home may also be split in two apartments, each with its own bathroom.

If your home has only one bedroom, the room is usually a single-bedroom, but it can also have two bedrooms.

4.

Ask for details before you buy The best way to get an accurate appraisal is to visit the home and speak to the owner.

They may be able to give an overview of the property and answer any questions you might have.

They might even offer you a deposit, but if you don’t ask for the deposit, you’ll end up owing it. 5.

Know your rights as a real property owner The laws of the country are different from state to state.

If a property is owned by a company, it is a private company.

However in many states, you will be treated as a public entity and therefore have the right to ask the company to make sure your home is in safe condition.

If there are problems with the home, the company may be liable for the property damage.

6.

Get the details before the property is sold If you have a deposit and the home is still in good condition, the seller should be willing to sell it at the cheapest price.

However if you have to sell your property at the highest price possible, it might be better to sell at a lower price.

If that is the case, you need the buyer to be able pay the price you pay.

If they don’t, you may end up having to pay for the entire purchase.

If so, the buyer should ask for a deposit from you before you sell.

7.

Avoid selling property at a bad price If you are selling your property for less than the price that the seller was willing to pay, it will be considered a bad sale.

In this case, the property owner will have to repay the money.

If this is not the case then the buyer can ask the seller to refund the amount that the property has been sold for.

If all goes well, you have now secured your home for you.

8.

Get rid of your property in 10 years If you get rid of the home by the time you reach the end of the 10-year period, you could be on the hook for the whole purchase.

The seller will need to make a repayment to you within 10 years.

9.

Don’t wait till you sell your home to move The buyer should wait until after you have paid the deposit to move the property.

The buyer may have to pay taxes to the local government as well as other fees.

The land may also have to be sold.

The property may end to be a private property for another buyer.

You should get a contract of sale to the buyer before selling the property, or you can buy the property again.

10.

Find out more about buying property in India You can find out more information about buying properties in India in our article on buying a property.

Do you want to become a real-estate agent in India and earn money?

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