Three main factors to be verified before buying a property

There are many important things to be considered while buying a property in general. Especially when it is a metropolitan city like Chennai, many crucial things have to be considered before making that important purchase decision. Following are some of the important factors to be taken into account to Buy flats in Chennai.

The reputation of the seller:

There are different types of sellers providing standalone homes, villas, flats, and Luxury apartments in Chennai. Irrespective of the type of property, the authenticity of the seller is to be checked as a priority. The years of experience of the builder in case of new apartments or the background check of the seller if he is reselling an old property has to be done.

Physical property check:

How many ever times the images or documents with details of the property have been gone through, it is always advisable to visit the property at least once or twice and check everything thoroughly. This is important to verify the accuracy of the details mentioned by the seller that is documented. Physical visit also helps in checking and gathering a reasonable idea about the surrounding area’s desirability, amenities, etc which is of paramount importance as the quality of the same plays a vital role in deciding the value of the property.

Document verifications:

Though the documents play a part only during the closure of the sale, this is the most important element that has to be thoroughly cross verified and double-checked with a lawyer and registrar with due diligence. The old existing documents and transfer to the name of the buyer has to be done with accurate legal format under supervision. Any issue with the same may lead to undesirable consequences in the long term.

Apart from the most important factors mentioned above, the age of the property, reason for sale, and estimation of hidden costs should also be checked to ensure a smooth buying experience that mutually benefits the buyer and seller. This also helps to avoid undesirable surprises later on while buying Residential plots for sale in Chennai.