HOW TO PURCHASE REAL ESTATE

HOW TO PURCHASE REAL ESTATE

Buying real estate is super exciting, but it can also be quite a daunting experience! Whether you’re searching for your dream home, a future investment, or even a spot for your business, there’s a lot to think about. Having proper planning and attention to detail will ensure a smoother and successful purchase.

IMPORTANT FACTORS:

• Location is one of the most important factors to consider while purchasing, as buyers should always think about growth potential and overall appeal,
• Right Price and Budget ensures the property fits within your financial capacity and also other ongoing costs like maintenance, taxes and insurance.
• Staying updated with the ongoing real estate market trends.
• Considering the future scope of the area while making a real estate purchase that could impact property value or quality of life
• Evaluate the availability of modern amenities.
• Property potential: Considering the potential for future resale, whether the property will increase in value over time.
• Legal check Ensuring the property has a clear title.

WAYS OF PURCHASING IN REAL ESTATE:

• Traditional Purchase: Involves purchasing a property from the owner directly, Real estate agents help in shortlisting property, making an offer, negotiating terms, conducting property inspection, and closing the deal.
• Public Auctions: In a public auction, real estate properties are sold to the individual offering the greatest bid, Buyer is required to make deposit payment on the same day. Ability to secure property below their market price.
• Short Sales: Refers to the transaction of acquiring real estate for which the mortgage debt exceeds the current market value. The financing institution consents to accept a sum less than the outstanding loan amount to enable the deal’s completion.
• Fractional Ownership: Collecting capital from several Investors to purchase real estate. Investors can invest in a project or property using a crowdfunding platform, and their investment shares grant them proportional rights to the returns generated.
• Rent-To-Own: Renting a property with an option to purchase it later, often at a predetermined price. Involves a lease agreement with an option to buy, typically with a portion of rent going toward the purchase price.
• Online Property Platforms: Applications like 99 Acres, Magic Bricks, and Housing.com help buyers in purchasing real estate property directly. Buyers can stay updated with the real estate market’s newly launched projects, pricing trends, and different services.

Whatever the way you choose to purchase your property, ensure that you have all the different steps of property purchase covered namely, you should engage a trusted real estate broker, a Chartered accountant, and a lawyer, to ensure that you get the best property at the best price with a clear title and taxes duly paid.

Results Matter. Choose the right option for you:

At Bhatnagars, we have specialized at the top end of the market since 1978 in the areas of:

Koregaon Park, Boat Club Road, Kalyani Nagar, Sopan Baug, NIBM, Kharadi, Margapatta, Viman Nagar, Nagar Road, Bund Garden, Camp, Mundhwa, Aundh, Baner as well as some specialist areas outside the city for the larger and more exclusive plots.

Contact us to get the right strategy for selling your property:

Charu: +91- 8055894455

Nishit: +91 9370317908

Divakar: +91 9370678185