Real estate Buyer suffering from Delays - Cheated Buyers

Can they be saved from the Real Estate Projects? Interesting views of one of Real Estate Buyer suffering from delays of more than 3 years ! Share your Thoughts !

140,500 users connected now with

Best Real Estate Review Website 

Check out how users are using www.cheatedbuyers.com

Are You Frustrated After Investing Life Time Saving in REAL ESTATE?

Three easy Steps to increase your Network with other Buyers in the Project where you are customer

1) Register your Developer and Project
2) Leave your whats app Number
3) Share your post with others

135000 users connected now with

Best Real Estate Review Website 

Check out how users are using www.cheatedbuyers.com

Why online Review of Developer or Projects?

Shelf life of Twitter/Facebook feed is not more than  2-5 minutes where as whats App reviews/discussions remain within a closed group and fails to reach larger audience.

Online Reviews, Categorised Properly, have larger audience, larger shelf life and quite important all the stake holders.

Your Reviews can reshape entire Real Estate Industry. We are keen to get your feedback on real estate developers and project at www.cheatedbuyers.com . One of your reviews or other promotional contribution will also get a chance to win a brand new Iphone 6 (32GB) (Please see terms) on 2nd October 2017.

Give Real Estate Project Review on our Website

So hurry up. contribute in cleaning the real estate industry !!

What you can post? Your experience : Positive/Negative/ Delays/ struggle/ learning etc which can help industry.

Check How other Buyers are writing their Reviews about Builders:

(1)  Aliens Group

(2) Amrapali Group

125000 users connected now with

Best Real Estate Review Website on Face book

Check out how users are using www.cheatedbuyers.com

Best Wishes !

Real Estate Buyers from Jaypee are on Road Today !

‪Warm up sessions started for real estate developers in India ?‬ A lot have started !

Why not when 30,000 cheated real estate buyers of Jaypee; 2 Lakh buyers @ Noida; 5L @ NCR and 30 L across India are facing distress.

Payback time ; share your views

More than 30000 Real Estate Buyers from Jaypee are on Road Today!

Probably warm up sessions and nightmares for Real Estate Developers in India has started !

125000 users connected now with

Best Real Estate Review Website or Property review website or 

Real estate regulatory at Best Property Review Website

on Face book

Check out how users are using www.cheatedbuyers.com

Essential Remedies against Unfair Practice by Real Estate Developer

Investing in the real estate property is the most risky investment, but also a beneficial deal for the future. Properties are the most profitable possessions people own, but at the same time they must be cautious in dealing with the developer. There have been many cases where the investor has lost money due to a suspension of the property, denied possession or delivery of possession delayed for years.

You can spend time and money by following with the developer to get the possession, who may vanish with all your invested money. Eventually, you end up filing a case against the developer at the consumer court. Going for the Consumer Court Case Real Estate is considered as the best step one can take against the developer.

However, being cautious is the primary thing to consider. We bring you with essential steps to consider evading real estate property fraud:

Research the Market Trends: Real estate market keeps fluctuating regularly. Therefore, it is important to know the market price of the respective city's real estate business. Make sure the locality offers a profitable future and results into a lucrative investment. Seek property expert help to gain in-depth research about the market trends.

Combat yourself with Legal Action: Some real estate developers may bring inconvenience while handing over the flat possession or demand for more money, leaving you with no option but to pay. During such situation, seeking a consumer court could be helpful in taking legal action. For instance, if a developer in Mumbai is denying you the flat, then you can file a Complaint against Builder in Mumbai through consumer court.

Verify the Builder's Track Record: In the age of social media, one can easily get to know the reputation of the builder building respective project. Check their earlier projects and customers comments on real estate forums, Twitter and Facebook. This would certainly give you a sense of confidence to invest in the project developed by the builder, if found viable.

125000 users connected now with

Best Real Estate Review Website on Face book

Check out how users are using www.cheatedbuyers.com

Practical approach by Home buyers to Deal with Real Estate Developer's Insolvency

Jaypee Infratech it is the first real estate company that has entered insolvency proceedings though there are a lot like Kohinoor Group,Mumbai are facing liquidation proceedings.

The insolvency proceeding will give answer a lot of questions like : 

1) what is claim preference when a so called Real Estate Developer raise money from bankers and customers in the pretext of constructing a building, divert money and than claim insolvency. 

2) can secured creditor (who are just part owner of property) can do whatever it like ? Without consent of customers?

3) Are customers are also secured creditors to the extent of their ownership in the under construction unit? ( RERA recognises this and that where it require 70% consent of all customers)

Bankruptcy law has made it simpler to go bankrupt without realising fate of customers.  So what should the home buyers do when real estate developer take short cut and declare himself insolvent?

Don't give easy turf to Bank or Developers

Buyers can give tough fight to all stake holders to protect their interest. They need to do detailed SWOT and realise following : 

a) in an ongoing project, where construction of complete more than 30-40% complete than bankers security on remaining unsold unit is zero unless it is completed. Here buyers and bankers are on same risk zone and hence "Advantage buyers to stop any arbitrary decisions by lenders"

b) File breach of trust cases against developer since money was paid to him for construction and not for repayment of his loans/interest or personal profiteering. Profits are not accrued to developer till completion of project.

c) Raise your claim in The National Company Law Tribunal ( NCLT)

(i) Claim that the money that was paid by him (Buyer) was never meant for repayment of secured creditor. The secured creditor was paid by developer through diversion of money and breach of trust. The secured creditor is making undue profits in all cases. 

(ii) No order of NCLT should be passed without detailed investigation in accounts of the developers. Buyers should claim first right on  all assets purchased by Developer with the help of diverted money, since the diversion itself was breach of trust.

d) Form larger groups : 30000 buyers of Jaypee must be paying atleast Rs 150 cr EMI to various bankers. They can collectively negotiate with bankers on EMI and revival. Always take into account how much money secured creditor has already received back (Interest and repayment of capital) rather than just their outstanding.

e) Don't Wait and watch : Patience is the biggest problem with Home Buyers in India. Nothing will change unless thousands of home buyers come together and make sure that there is constant pressure on government, administration, developer, secured creditor and judiciary.

f) Find out if other customers have initiated actions under Indian Penal Code, Negotiable Instrument Act etc against the Developer and how can you strengthen their case.

Finally, customers need to make sure that developers just don't abuse process of law and get away to London or Dubai !

125000 users connected now with

Best Real Estate Review Website on Face book

Check out how users are using www.cheatedbuyers.com

Real Estate Buyers joining Together Against Builder

Real Estate Buyers Cheated by Developers in India are finding innovative ways to fight back against project delays.

For More Details Visit our Website www.cheatedbuyers.com 

125000 users connected now with

Best Real Estate Review Website on Face book

Check out how users are using www.cheatedbuyers.com

Looking To buy Your Dream Home? Know How To Negotiate Property Purchase

Buying a real estate property is a pretty expensive transaction and thus it is important to make the right decision. Several factors determine the price of the property like the demand it has in the location and the nature of the defect it has. The price of the property is increasing steadily and thus it is important to determine the present value of the piece. To lock down the best deal, you can follow certain tips and negotiate over the price better. Before making any purchase, you need to know about the builder from the reviews and the feedbacks. If there is any Cheating Case Against Builder filed in the past, you must refrain from choosing that builder.

Those who are looking for price negotiation, they have now more chance of getting a fair price. Since the developers are moving through the phase of liquidity, the home sales are sluggish and sellers are more open to negotiation. In the present market, there is more inventory of property when compared to the number of buyers and thus you have chance for innovative negotiation with the developers.

Determine the fair price or market value of the property

Before starting to negotiate over the price, you need to determine the fair price. Real estate agent or broker will have an idea about the price and in fact, you would also get an indication about the price from the list price. But then, you need to do your research and learn the reasons behind the sale. Find out the selling price of similar property and its price per square foot. If the property is new, you have less chance of negotiation, but you can still move ahead and negotiate. Get to know how long the piece has been there in the market for sale and how many viewings it has. Find out the reason behind the sale. If there is any emergency reason for selling, you have chance of negotiation. Also, ensure that the builder whom you are dealing with, has no registered Complaint Against Builder In Mumbai or any other region.

Do not go too low

Every buyer wants to procure the property at the least possible pricing, but moving too low is not good. It will create a negative impression on the mind of the seller and may even annoy him. You are not supposed to shoot yourself at the feet of the seller, but offer a price which is pretty justified. Then, a seller will not expect a buyer to give his offer price, but he will be ready to negotiate. Also, if a builder agrees to a too low price, just research more about that property, as such builders may be fraudulent and might be selling you the wrong property. N such scenario, also ensure that there is no cheating case against builder with whom you are dealing.

Avoid being emotional and overstretching the property

Do not get swayed away by your emotions and start to like the property too much. If you keep overstretching and appreciating the property too much, you are likely to pay more for it. When you buy a property, be serious and practical. Have your budget in the mind and just stick to it. You must have that maximum price in your mind, which you are willing to pay. In case, your price is not accepted, do ask the vendor how much he wishes to take.  

Be as appealing as possible

Avoid behaving as if you are the first time buyer. When it comes to price negotiation, try and appear appealing and show that you are much ahead of competition. If there is too much competition in the market, it will be better if you can sell yourself as the buyer. A seller will definitely get attracted towards you, if you have no chain or complication relating to the sales. You need to show that you are a serious buyer.

To arrive at the best deal, you need to look for a reliable broker. To avoid filing Complaint Against Builder In Mumbai, you need to dig more and more about the builder. Whether you buy a property all alone or in a group, you need to bargain over a realistic price.

125000 users connected now with

Best Real Estate Review Website on Face book

Check out how users are using www.cheatedbuyers.com

How Real Estate Developers have Duped Customers in Past?

The entire real estate market of India seems to be notorious due to the lack of transparency. Buyers, most of the times, find themselves locked in the property that has several defects or end up paying charges which they should not be liable to pay. It is even worse when the buyer is just forced to shell out money to fund fines that are actually levied on the builders. 

Buying a property is thus risky despite the government setting up regulation. Then, a buyer can get stuck up in a property which is not constructed fully. It is important to know the tricks that real estate developers use to deceive the buyers. By doing so, you will avoid being Cheated By Builder. 

If you find yourself trapped by a builder, you can file Complaint Against Builder In Ahmedabad.

Violate development rules and plans 

Most of the times, in order to sell the property, real estate developers make a false claim that their construction adheres to the norms of the National Building Code. When most developers get their plans approved or sanctioned by the authority, there are others who do not build as per the plan submitted. There can be violations ranging from building margins and height. They have the false notion that even if the building does not adhere to the building code, it will be regularized later.

Builders earning profits from value additions 

Building amenities and recreational clubs are another issue, since buyers have no other option but to pay for them. As a buyer, the builders often do not give the option of not availing club memberships or other amenities. It is common practice to ask the buyers purchase the amenities and pay for the value additions while the builder continues to earn profit. In some of the projects and townships, the developers just promise to offer grand lifestyle, but do not transfer the ownership of gym, community halls, swimming pools and other facilities. Builders retain the rights over the value additions as per the builder-buyer agreement and continue to milk out money from the buyers. If any such thing happens to you, you can lodge a Complaint Against Builder In Ahmedabad. 

Charging for the super built area

In any of the plots, the built-area is linked to the plot size. The ratio of the built up area to that of plot size is termed as FSI or Floor Space Index. The Floor Space Index is different for different areas. Most of the times, the space occupied by terraces, balconies and the parking lots are not included within the Floor Space Index. But then, once the layout gets approved, developers just convert the other spaces into FSI. The overall cost of the property is then calculated on the basis of super built up area. So, at the end, you need to pay for the apartment's charges and the super-built up area. 

Passing on the developmental charges to the buyers 

Property developers need to pay for the development charges to the government. They include the cost of using civic amenities like water, roads, electricity supply, drainage and sewage expenses. The local authority fixes up the external development charges and then it is passed on to the buyers according to the built up area the buyers get. At times, the developers do not pay the EDC charges and pass on the liability to the buyers. 

The clause of advantage builder 

It is important for any buyer to read up the terms and conditions and find if there any clause regarding advantage builder where the builder is given the right to revise the price of the property. There can be that price-escalation clause where the builder can increase the price of the apartment and the charges relating to it.

There are various other ways in which the builders can cheat a buyer. If you have ever been Cheated By Builders, you have the right to sue him. But then, you need to have that right to sue him as per the terms and conditions of the agreement.

125000 users connected now with

Best Real Estate Review Website on Face book

Check out how users are using www.cheatedbuyers.com

How Real Estate Developers Make Money ?

Lot of customers lost money while investing in Real Estate. And one of reason for this is diversion of fund from one project to another. 

Developers treated customers advances as "Non-Refundable Non Interest Bearing Deposits" and played with customers money !!

Real Estate Buyers were cheated from long time but not fought back for long time due to cumbersome judicial process of consumer court etc. To Know More about Real Estate Developer Review  visit us at www.cheatedbuyers.com

125000 users connected now with

Best Real Estate Review Website , 

Best Real Estate Website on Face book

Check out how users are using www.cheatedbuyers.com

What Documents To Check To Avoid Fraud When buying house/property?

Buying a dream home is an investment for the lifetime. But, the experience can become nightmarish when you are not careful. Buyers wish to buy a property which is easy to move in and ready to use. No one wants to wait for years when the home is already completed. Paperwork is extremely important when it comes to buying a home. Many times the builders do not deliver what was promised by him. Most of the new home projects have a clubhouse and swimming pool, but at the later stage such facilities vanish. If any of such events take place, you can easily file Complaint Against Builder In Ahmedabad. But before you need to take any such step, it is always beneficial to proceed with caution.

Hiring a good lawyer prior to buying the home 

If you do not have much idea about the paperwork, it is recommended that you get in touch with a lawyer. He will provide you the list of documents and papers that may be presented to the seller. The seller can check them and give you a written opinion that the documents are perfect. With the help of a lawyer the entire buying experience can become enjoyable. Buying real estate may be extremely complex and if you are not aware of the rules, get in touch with a reliable and experienced lawyer.

Sale Deed: the core document 

A sale deed acts as the proof of property sale and the transfer of ownership. The core document passes from a seller to the buyer of the property. Before executing the sale deed, it is important to execute the sales agreement and check whether it complies with the terms and conditions or not. The property must bear a clear title prior to execution and the seller must settle statutory payments.

Mother deed: must to consider 

It is also called the parent document which traces antecedent ownership or the origin of the property right from the start. The document facilitates the sale and even establishes a new owner. If there is no Mother Deed, certified copy must be attained from the registering authority. 

The building approval plan 

It is mainly BDA which sanctions building approval plan. Without the approval from BDA, BBMP, BMRDA, BIAPPA, the construction of the building will be considered to be illegal. The building approval plan is sanctioned from jurisdictional commissioner based on the floor plan, the zonal classification, FAR or floor area ratio and the plot depth. To attain the approval, the owner needs to submit documents to the jurisdiction.

Commencement Certificate

This is again an important document which the buyer needs to look. This document states that the project meets all the set criteria. The construction can start only with this certificate.

Checking the encumbrance certificate 

This certificate states the charges involved in the ownership of the property and the liabilities. It will comprise of all the registered transactions that were done on the property.

Power of Attorney or POA 

With the Power of Attorney the owner of the property gives the power of owning the property to the buyer. POA transfers the right to someone else.

Completion Certificate 

This is issued by Municipal Corporation to denote that the building is made in compliance with the rules and terms. In other words, the building is constructed as per the plans.

The need for checking Occupancy Certificate 

After the construction is over, this certificate is attained only when the place meets all the norms. It certifies that the property is ready to be occupied.

Apart from checking the above documents, you must also read up the Review About Builder And Project to ensure that the builder is not a cheat. However, there is also the provision for filing Complaint Against Builder In Ahmedabad. 

125000 users connected now with

Best Real Estate Review Website on Face book

Check out how users are using www.cheatedbuyers.com

Tips for Selling your House Fast and at the Best Possible Price

For the past few years, the real estate market has taken a back seat and seems to be sluggish. Prices seem to fall and sales have taken a plunge. Thus, selling a home is not that easy. If you wish to close the deal fast, it will be more challenging. Price is the chief attraction for buyers and thus you need to price the property correctly. Incorrect pricing will bring losses. If the property is overpriced, there will be no buyer and if under priced, your home will sell at a cheaper price rate. Get in touch with a professional for the correct valuation.

When selling your selling fast, view everything from a buyer’s point of view. Visit the several houses for sale in your neighborhood and try to learn where your property lacks. Evaluate the property on the basis of design, connectivity, infrastructure and also the size. To attract buyers within the shortest span of time, you have to keep the prices lower.

Getting the price data from property sites

As already stated, correct valuation of the property is must. There are several property websites providing the price analysis for specific areas. If you want, you can also visit local brokers as the professionals know the price trends. Also, it's vital to develop the trending property prices in the area where you want to sell your property. For example, if you want to sell your property in Ahmadabad, you should look for the prices charged by the builders and Feedback about Builders in Ahmadabad, so that you can evaluate the ideal price of your property.

Carry out the necessary repairs

It is said that first impression is always the last impression. When the prospective buyer sets his feet on your property, he must not find any flaws and your property must appear worth considering. To create a good impression on the buyer, you may paint your home freshly. Carry out minor repairs like fix up broken windows, leaking faucets, chipping plaster. The home must appear well organized, clean and neat. So, by improving the curb appeal and creating a great impression on the prospective buyer is the outstanding way to sell off the property fast.

The need for home remodeling

When you do a home remodeling, consider the ROI or return on investment which is generally lesser than 100%. Although remodeling will add value to the property, but you cannot say that the value of the property will increase by the same amount you spent on remodeling. So, avoid taking major remodels. At the end, what matters is the neighborhood, the location when it comes to pricing.

Select a reliable broker

If you lack time to show your property to prospective buyers, you can consider taking professional help from a reliable broker. You can save a lot of effort, time and money in this way. The broker can arrange a buyer for you in the shortest period of time. He will also carry out the negotiation on your behalf and the necessary paperwork. But then, do a background check on the broker prior to hiring any.

Effective advertisement: a must to consider     
        

When you propose to sell the property, let your friends, neighborhood and family know about it. Make use of social media to gain a buyer. Take advantage of online portal and property listing websites. Post attractive photos of your property on the sites to attract the buyers. Post correct information about the property and stay honest.

Keep your paperwork handy

All the necessary paperwork relating to the sales must be kept handy. Make sure there is no delay in the paperwork if you wish to sell off the property speedily. Your deal will close faster in this manner. Documents like sale document, your proof of prior purchases, tax receipts and receipts on major installations in the home must be handy. They need to be produced at the time of closing.

If you wish to sell the property fast, avail professional services of real estate broker. On the other hand, if you want to buy a property, get in touch with a reliable builder after reading Review about Real Estate Builders or Real Estate Project Review

125000 users connected now with

Best Real Estate Review Website on Face book

Check out how users are using www.cheatedbuyers.com

7 Things To Consider Before Selling Your Own Home

Selling your own home can be tough if you are not aware of the main principles. Making a plan to sell the home in advance and starting early can save a lot of headache and stress. When one looks forward to sell his/her own home, the first thought coming to the mind is marketing the property. So, the seller plants ‘well furnished home for sale’ sign on the lawn to gain attention. This is not the right approach as you need a professional to market your plot or property. Besides, it is important to know the factors you have to be careful about while selling your home.

Selling your own home gives a lot of financial benefits, but you need to invest time and effort, especially, if you are planning to sell your home in metropolitan cities such as Mumbai. Its vital to seek an online Feedback about Builders in Mumbai, about the brokers and major property firms to develop right understanding of the real estate sector in the area. Those who do things hurriedly, they miss out on attractive deals. If you do not have time for receiving those phone calls from the agents and prospective buyers and display the home perfectly, get it inspected, you will get less from the sales. Thus, it is crucial to be patient. Here in the section you will find tips to selling your home successfully.

Gain adequate exposure

It is mandatory to get in touch with an established real estate broker having the network that reaching far beyond the town and city you are located in. He will have contacts with qualified buyers, both nationally and internationally. His network will be budgeted and managed pretty well. A broker can also pay for the cost of advertisement.

Getting a pre-inspection done

When you decide to sell off your property, make sure you get the pre-inspection of the property. If you avoid this, the problems in the home can make it difficult to sell off the property and also delay the process. After the professional highlights the issues, get all the repair work done.

Know the market direction and your property value

Since the real estate market is dynamic where the prices keep on moving, it is important to keep a track over the market and gauge its direction. As per the direction of the market, you need to access the value of your property. This way, your property will sell at a fair price. The people who are Cheated by Builder often prefer to buy houses from individuals who are selling their own property. Using online websites and social networking sites, you can look for such people interested in purchasing property.

Assessing competition in the market

You need to know the price and the valuation of the property, similar to yours, in the neighborhood. Identify all the properties nearby that are similar to yours. Take note of the sale price, list price and features like number of bedrooms and other conveniences. You should list your prices accordingly.

Do you have the ability to negotiate?

If you want to sell your own property, you need to consider whether you possess the negotiating ability or not. Can you do without the help of a seasoned broker? Well, if you can negotiate and get a fair price for the property, move ahead.

You may have to pay the broker’s commission of 3%

It may happen that you are not taking any help from a real estate broker to save on commission, but the buyer may be assisted by the broker. So, in a way, you are again liable to pay his broker’s 3% commission.

Can you handle the legal issues?

Home selling involves contracts and closings. Until and unless you are a lawyer, you should not handle the legal aspects. It is only an expert who can understand the contract or may steer the entire process to a legally sound conclusion.

Apart from the above mentioned factors, you also need to consider whether you have time or not. If you make the commitment of selling your own property, you need to do things correctly. Although a seller can save money on the agent’s commission, an agent can arrange a lot many buyers willing to pay a good amount for the piece. 

125000 users connected now with

Best Real Estate Review Website on Face book

Check out how users are using www.cheatedbuyers.com

Is Your Property Broker Cheating You?

The main job of the property broker is to let his clients buy and sell homes. Hiring the perfect property broker can help a lot. Whether you are buying a home or selling a property, it will be difficult to find an honest broker. In fact, nearly 50% of the property brokers are cheats and wish to milk out commission from the people. A good agent will have the right skills, the ability to listen to your needs and help you to enter a profitable deal. But, if the broker is a cheat, things might be very difficult.

 Property Broker

Both buyers and sellers have to approach a broker for making the transaction. He can also let you arrive at the best builder who is known for timely delivery of projects and the one who uses the right materials. A broker can also help you file Complaint Against Builder in Mumbai if he is a cheat. Before you take help from a broker to arrive at the right builder, you should read Review about Builder Project and know his past works.

A good property broker can make the entire thing smooth while a cheating broker can complicate the process. There are some tell tale signs to suggest that your broker is cheating you. Just read up the following section to know them.

Shady broker sells your home at a cheaper rate

In the real estate industry, there are plenty of good real estate brokers, but as every industry has its share of cheat practitioners, the real estate agency is not spared either. You should know that people with charming faces and those who appear fresh may be most crooked. If the realtor is shady and cheat, he will want to sell your property at cheaper rate. There is a common misconception that you and the realtor want to sell the property at a higher price. Although the realtor gets more commission for selling the property at a high price, still he will like to close the deal fast. Every broker wants to close the dealing at a faster pace. Speed is the key to getting the commission faster. More the time consumed in selling the property, more will be the advertisement he has to do. The property broker will have to bear more inspections.

The realtor reduces the selling price

When it is the first week, the broker seems very impressed by the piece of property and quotes it higher. In the next few weeks he starts complaining that the buyers do not like certain factors of the property. As the time passes, the value of your property touches bottom line, according to the property broker. However, this is an obvious sign of a cheating broker. Actually the prospective buyers did not complain about the property, but it is the broker who wants to sell your property at a lower rate. This is so, because he wants to get commission from you and the buyers for selling at a lower price.

Hooking up the buyer

A lot many brokers say that they quote the property at a cheaper rate to gain the attention of the buyer and later on wishes to negotiate. If your broker says this to you, it implies he is a cheat. He is actually tied up to the buyer to gain a commission.

Clinching the deal and selling off at minimum rate

So, finally, when the bidding day arrives, you get an offer for the home. Much to your dismay, the agent presents to you a very low offer bid, saying that the property was not tested in the marketplace or the exact value was not judged.

To avoid arriving at a cheat property broker, you can follow the tips for choosing a reliable broker like checking out his experience level, getting in touch with his past clients and taking recommendations.

125000 users connected now with

Best Real Estate Review Website on Face book

Check out how users are using www.cheatedbuyers.com

15 Things You Should Know Before Buying A House

If you want to buy a home, you will feel stressed out and anxious. Well, the entire real estate market seems to be in trouble and so you have to be more careful. To get the maximum value for your money, you need to know 15 important tips to buying a new home. Before that, get in touch with a reliable builder so that you need not file a Cheating Case Against Builder in the later stage.

Weigh your pros and cons before buying a home

Buying a home is not the matter of few cents or dollars, but it will cost you thousands and thousands of dollars. You need to first decide whether you want to rent the home or buy a home. Weigh your pros and cons before you set to find a builder to build your home.

Getting pre-approved for the home loan

When it comes to getting a pre-approval for the loan, it is far more different from getting pre-qualified for the loan.  If you are pre-approved for the loan, it implies that the lender has perused through your finances and knows how much to lend. Thus, getting a pre-approval will save you time since you can decide on the budget accordingly and make your searches. You can thus shop around for an attractive deal and avail a best interest rate.

Get your property surveyed to avoid the border dispute

It is absolutely essential for anyone to get his/her property surveyed prior to buying. This way, one can come to know the exact measurement of the property. Once you know what you are buying, there will be no border dispute and in fact the property tax is also reliant on it.

Avoid anticipating the market

There is no need to time your home purchases and anticipate the market. It is impossible to time the property or housing market. The real estate market is extremely unpredictable and if you time your purchases, you may miss out on a perfect time.

Bigger home is not better

You may get attracted to bigger homes, but big is not always better. Larger houses appeal to only few audiences and so when you go off to re-sell the home, you may not have too many buyers. Smaller houses trade well nowadays.

Do not ignore the sleeper cost

Sleeper cost is the difference between owning a home and renting a home. There are many people who simply focus on the mortgage cost and ignore other expenses like homeowner association expenses, utility bills and property taxes. You need to budget your home after considering the sleeper cost and additional expenses.

Say ‘No’ to impulsive and emotional shopping

Buying a home is a major investment and so there is no room for emotions. To get a great house, go with your instincts and not by emotions.

Get your home inspected

Before you make purchases and complete the payment, get a home inspection. A home inspector can find the underlying issues in the home. If there are issues, you can bargain over the price with the owner.

Go for bidding

The seller will offer his price, but it is important for a buyer to present his price as well. Your bid price must be based on the amount you can afford and the property’s worth according to you. Sellers will respect your price offer.

Get to know about the neighborhood

Drive by the houses located nearby and get to know your neighborhood. Enquire about the place to know about the people.

Look for residence which is priced lower

Try and look for a home which is priced 15-20% lower than its market value.

Buy the home you can afford

Buy a home which is appropriate for you. Check out the rates and the payment you have to make.

Stay organized in your finances

Organize your finances to determine your budget. It's vital to understand that how much you can spend, so, that you check the houses that ideally fit in your budget.

Get in touch with a reliable builder

A broker can be quite helpful in presenting the properties which meet your requirements, in terms of location, budget and space.

Go through the terms and conditions

Before signing the dotted lines, make sure you read the contract. There must be a provision stating that you can File Cheating Case Against Builder or File Complaint Against Builder in Ahmedabad in case he cheats you.

By following the aforementioned tips you would be able to buy the home of your dreams.

125000 users connected now with

Best Real Estate Review Website on Face book

Check out how users are using www.cheatedbuyers.com