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10
Commandments
For Cracking
The
Right Property
Deal
“
Buying real estate is not only the
best way, the quickest way, the
safest way, but the only way to
become wealthy
“
Marshall Field
www.satyamproperties.com
Buying A Home
Is One
Of The
Most Important
Decisions Of Your Life
www.satyamproperties.com
Make
The
Right
Decision
www.satyamproperties.com
# 1
Do your
research
well
www.satyamproperties.com
Doing considerable background
research on the potential
property increases the chances
of a profitable purchase
www.satyamproperties.com
Before making an agreement check
• The neighbourhood
• Crime rate
• The Age of the property
• Features of the property
www.satyamproperties.com
# 2 Get A Buyer’s Agent
If you are buying a property for
the first time, involve a
real estate agent rather than
going for private buying
www.satyamproperties.com
The buyer’s agent should
• Have through knowledge about the area
• Should be considerate about the buyer’s
requirements
• Competent enough to negotiate on your
behalf with the seller or seller’s agent
www.satyamproperties.com
#3 Think Long Term
www.satyamproperties.com
Real estate is a long term investment
and be prepared to bear the expenses like
• Maintenance charges
• Property tax
• Mortgage burden
www.satyamproperties.com
#4 Get all the information you need
www.satyamproperties.com
Demand for the disclosure of the complete
information about the property
This may include
• Information regarding electricity and
water supply
• Materials used for building construction
• Municipal rates
• Maintenance cost
www.satyamproperties.com
#5 Compare market prices
Get the market price comparison analysis
report by a real estate appraiser before
making an offer
This will help you In analyzing the right
price
of the property and negotiate well with
the seller
www.satyamproperties.com
#6
Have you got your
Agreement letter
and Allotment
letter ?
The Development agreement
contains details regarding the
terms and conditions on which
the landowner has permitted the
builder to do the development on
his property
www.satyamproperties.com
The allotment letter contains the clauses
regarding the builder’s liability in case
of problems after possession or delays in
construction situation, agreed price,
construction and payment schedule
www.satyamproperties.com
#7 Involve A Lawyer
www.satyamproperties.com
Legal documents are quite difficult
to understand and sometimes have
some confusing clauses.
To avoid any surprises consult a
lawyer of your choice to secure the
legitimate and finance documents.
www.satyamproperties.com
#8 Choose your banker
www.satyamproperties.com
Ask the bank financer to provide the true
value of the loan and the full details
regarding the terms and conditions of
the loan and ensure there are no hidden
charges involved
www.satyamproperties.com
# 9Check the Sale Agreement
www.satyamproperties.com
Once you have decided on a property
that satisfies your requirements after
inspection, read the settlement
statement thoroughly to check if it
holds any clause which dissatisfies you
prior to closing the deal
www.satyamproperties.com
#10
Before
property
handover
do another
final check!
www.satyamproperties.com
Before releasing the final payment to the
builder/seller you have full rights to
inspect the property yet again.
We advise you to hire an authorized
personal to do a through inspection of the
property.
www.satyamproperties.com
About us!!!
Satyam Properties is professionally managed
real estate firm based on the principles of
trust,intergrity & ethical business practices.
The company is flourishing under the
expert guidance of Mr. Y.R.Gupta. Their
expert knowledge of the Uttarakhand
property market visionary approach and
exemplary leadership skills have earned us
the reputation of a reliable Real Estate
Consultant, Builder & Developer.

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10 Commandments for Cracking the Right Property Deal

  • 2. “ Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy “ Marshall Field www.satyamproperties.com
  • 3. Buying A Home Is One Of The Most Important Decisions Of Your Life www.satyamproperties.com
  • 6. Doing considerable background research on the potential property increases the chances of a profitable purchase www.satyamproperties.com
  • 7. Before making an agreement check • The neighbourhood • Crime rate • The Age of the property • Features of the property www.satyamproperties.com
  • 8. # 2 Get A Buyer’s Agent
  • 9. If you are buying a property for the first time, involve a real estate agent rather than going for private buying www.satyamproperties.com
  • 10. The buyer’s agent should • Have through knowledge about the area • Should be considerate about the buyer’s requirements • Competent enough to negotiate on your behalf with the seller or seller’s agent www.satyamproperties.com
  • 11. #3 Think Long Term www.satyamproperties.com
  • 12. Real estate is a long term investment and be prepared to bear the expenses like • Maintenance charges • Property tax • Mortgage burden www.satyamproperties.com
  • 13. #4 Get all the information you need www.satyamproperties.com
  • 14. Demand for the disclosure of the complete information about the property This may include • Information regarding electricity and water supply • Materials used for building construction • Municipal rates • Maintenance cost www.satyamproperties.com
  • 16. Get the market price comparison analysis report by a real estate appraiser before making an offer This will help you In analyzing the right price of the property and negotiate well with the seller www.satyamproperties.com
  • 17. #6 Have you got your Agreement letter and Allotment letter ?
  • 18. The Development agreement contains details regarding the terms and conditions on which the landowner has permitted the builder to do the development on his property www.satyamproperties.com
  • 19. The allotment letter contains the clauses regarding the builder’s liability in case of problems after possession or delays in construction situation, agreed price, construction and payment schedule www.satyamproperties.com
  • 20. #7 Involve A Lawyer www.satyamproperties.com
  • 21. Legal documents are quite difficult to understand and sometimes have some confusing clauses. To avoid any surprises consult a lawyer of your choice to secure the legitimate and finance documents. www.satyamproperties.com
  • 22. #8 Choose your banker www.satyamproperties.com
  • 23. Ask the bank financer to provide the true value of the loan and the full details regarding the terms and conditions of the loan and ensure there are no hidden charges involved www.satyamproperties.com
  • 24. # 9Check the Sale Agreement www.satyamproperties.com
  • 25. Once you have decided on a property that satisfies your requirements after inspection, read the settlement statement thoroughly to check if it holds any clause which dissatisfies you prior to closing the deal www.satyamproperties.com
  • 27. Before releasing the final payment to the builder/seller you have full rights to inspect the property yet again. We advise you to hire an authorized personal to do a through inspection of the property. www.satyamproperties.com
  • 28. About us!!! Satyam Properties is professionally managed real estate firm based on the principles of trust,intergrity & ethical business practices. The company is flourishing under the expert guidance of Mr. Y.R.Gupta. Their expert knowledge of the Uttarakhand property market visionary approach and exemplary leadership skills have earned us the reputation of a reliable Real Estate Consultant, Builder & Developer.