As some people have doubt regarding real estate sector because they are new to the sector so they have some question while buying a House in Mumbai.
In this article you can get common question asked by the people those who want to get any house for sale in Mumbai so I have choose few common question asked by the people and I have answer to the question below.
What I should do before thinking about any property?
If you don’t have any idea regarding getting any house for sale first of all you should research on which property you want to buy. Type of property you want to buy a flat, Independent House or Empty Land for future.
According to that if you want pay cash or you can talk about the mortgage with your bank or else you can directly take loan from bank.
What amount of Down payment I have to give for a Property?
If you are going to buy a house, flat or plot which you have already selected, before that you have pay some 2%-5% percentage of the total amount to the owner which is consider as an advance or if you are taking loan from bank it will consider as a down payment.
Do I need an Agent?
As if you are new to real estate sector or before you have never get any idea on flat, plot or house for sale then the best thing is to refer any agent because an agent have the vast knowledge on this real estate sector as they have done formal training.
And they will charge some amount on you but they can help with the best interest or personal representation.
What amount of money will charged by the Agent?
An agent can charge you an amount once you have buy a house or flat successfully. You have give some 2%-5% amount of the total cost of the property but it varies in state, location area and many more.
This amount is mandatory because there is a difference between broker and agent. A broker who have no authority or license where an agent have the authority and also have license to help people, so agent have also some salary by the commission.
Should I check the property before buying?
Yes this is mandatory to check the property before you get any flat, plot or house for sale and if you do not have any knowledge and you have choose any agent then the work of the agent is to properly verify the property.
Can I Cancel the Deal?
Once you signed the contract where all term and condition are properly mentioned and you have agreed on the legal document then you cannot cancel the deal.
If you want to cancel the deal then you have to give a high amount of penalty to the property developer or to the owner of the property according to the law.
Which platform will be the best option?
As you see there are many way of Buying a House in Mumbai but as the world is growing in a digital way then you should also prefer to digital platform.
So you can get a property from the classified site named as Cifiyah where all type house, flat, farmhouse plot you can get according to your budget.
