There are various factors that one must be aware of before making a house for sale deal. Brokers or real estate agents try various ways to rob your money in their manipulative charges or ways.

There are certain factors that one must be aware of or acknowledge or certain factors to keep in mind before making a house for sale deal.

Who is a real estate agent?

A real estate agent is also known as a real estate broker and is a person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy.

Factors you should keep In mind before dealing with a real estate agent.

1. APPROVAL AND LICENCES: Once you zero in on the property, check the builder's paperwork ranging from commencement certificate for work, environmental clearance and approved building plans. Also, ask for the status of the land title and see if the builder has bought the land or has just development rights for it.

2. LIST OF BANKS FINANCING THE PROJECT: There are many builders who do not get bank loans at all. So, once you finalize the property and confirm that all approvals are in place, find out banks that are ready to fund the project and go with the one offering you the loan at the lowest rate.

3. CALCULATE THE TOTAL COST: Do not go by what the broker tells you. Many times brokers just mention the basic cost and not other factors such as internal/external development fees, preferential location charges, parking/club/statutory charges, and service tax, which escalate the total cost. Ask for the final cost of the property.

4. VERIFY THE BUILDER: The piece of land in question may be under litigation. Hence, it is recommended that you do an extensive verification of the builder.

5. THE RIGHT PLAN: There are various payment options available in the market such as down-payment plan, Flexi-payment plan, construction-linked plan and possession-linked plan. Experts say one must choose carefully, as generally, there is a cost for every convenience.

6. SIZE OF THE APARTMENT: Builders generally mention a super built-up area in brochures. This includes common areas such as a staircase, lobby, etc. The carpet area of the flat could actually be 30 percent less than the super built-up area.

7. CHECK THE INFRASTRUCTURE PLANS: Metro connectivity or any other big infrastructure development in the future linked to the location of the property you intend to purchase can boost the return on investment tremendously. Also, ensure that the property is not close to any polluting industry.

8. CHECK THE SITE: The layout in the brochure could be different from reality. So, do a thorough site visit before booking the property. Interact with people in the neighborhood as they may know about any illegal occupation or other legal disputes related to the property.

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