Avoid Property Fraud: Ask These Key Questions to Your Broker

Property broker has an important role in buying a house, but sometimes home buyers have to suffer losses due to their wrong information or commission. If you are also going to buy a house, do not forget to ask the property broker some important questions. With this, not only will you get the correct information, but can also avoid any problem.

Stay Safe in Real Estate: Essential Questions to Prevent Property Fraud

1. Take details of full price

When you contact the broker to buy a house, he usually tells you the base price (original price), which often looks very low. But later ask the broker whether it includes the cost of parking charge, maintenance deposit, society move-in fee, PLC (premium location charge), stamp duty, registration fees etc. All these expenses can surprise you later, so make a budget by taking details of all these beforehand.

2. Learn about Market Value and Recyle Potential

While buying a house, it is also necessary to ask questions about the property's market value and its resale potential. You should know that the price in which you are investing, the prices have increased or decreased in the last one year? In addition, ask the broker whether the property is unusual so far and in future there are plans for any new development work (eg road, mall, park etc.) in the future. This will give you better information about investment.

3. Learn the possibilities of change in flat

If you want to make some changes in the flat, talk to the broker about this too. Can there be any change in the design of the flat? Can the home desired improvements be made? Doing this will not cause any unexpected problems in the future.

4. RERA-to deal with registered broker

While dealing with any property broker, make sure that it is registered Rera (Real Estate Regulatory Authority). Ensuring this will increase your safety and will not raise questions on the authenticity of the broker. Ask the broker asks for his rayra number and also ask how much discount he can give in the price of property. Keep a record of all these questions on paper so that any problem can be solved in future.

5. Do not take any decision in a hurry

Buying a house is not only a major financial decision, but it is also an emotional decision. So do not take any decision in a hurry. Get all the information from the broker, check the documents completely and give the booking amount only after being satisfied. Many times you get complete satisfaction only after getting answers to many meetings and questions, which will give you mental peace in future.

The process of buying a house can be long and complex, but if you work correctly and carefully, you will not face any problem. With these basic questions, you will not only be able to save the property, but will also avoid any legal or financial problems in the future. sk smart questions, take correct information and buy your dream home without any hassle.