Some common contract is there
in Real Estate Sector which people may not be knowing so it is very important
to those who people willing to buy a
house or flat.
In this article I have explained different types of contract
which will help to the people of Bangalore those who are new to real estate
sector and look for buying a house or flat.
Financing Contract
Financing contract is the way of
business where to receive cash in advance before you buy a house or flat. This contract
is done between the lender and borrower.
- In this contract suppose a person is going to buy a house in Bangalore and if he/she is going to take loan from bank or by giving some mortgage to any lender then here he financing contract is required.
- While you look for any flat, plot or house for sale in Bangalore then you can avail this contract from bank or from any lender if you have working in government sector, in private MNC or you have your own business.
Home Inspection Contract
There is no matter how
professional you are in real estate sector while you get a house or flat for sale in Bangalore because
home inspection is the major thing which should be done before buying a house or flat.
You may be think that buying a house in new condition
must may safe but it is the biggest mistake done by people so as if you are buying a flat which is may be 15-year-old
or a new contracted house you have to do proper inspection before getting any
flat or house for sale in Bangalore.
Insurance Contract
An insurance Contract is a
document which done between the insurance company and with the insured. While buying a flat or house in new condition
it is better to do an insurance of the property.
- Because if you see in the entire Country each year having a high flood and earthquakes happen so maybe there is no chance of damage but as it natural disaster you can take such risk so it is better to do an insurance with the insurance company.
- And you must be much clear on the insurance company because there are many fraud company which take money time to time but they didn’t give the insurance at the time of damage to the property.
Housing Contract
This contract you have do at the
time of buying a house or flat where
all above is finalised then you have to make this contract so that the person
with whom you are doing this contract he/she can’t able to sale that property
with other.
- Because you have you pay some amount of money to the owner of the property in advance so that you can arrange the rest amount by checking all the registration document of the property which you have selected to buy.
- As Electronic City which is knows as IT (Information Technology) hub of India where many come from outside so here you can get many new flat and independent houses in a very cost efficient budget and from this place their other place like White Field area, and Sarjapur Road.
Now a day this information is
much needed to those people who are willing to buy a flat in Bangalore so you can
get all this valuable information from Cifiyah which is a classified site
and it deal real estate sector like sale and rent purpose.
