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BEWARE OF THE SIGNS OF THE REAL ESTATE CON MAN: CONSIDER THIS CHECKLIST FOR BUYING A RESALE APARTMENT OR INDEPENDENT HOUSE

 
 
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BEWARE OF THE SIGNS OF THE REAL ESTATE CON MAN: CONSIDER THIS CHECKLIST FOR BUYING A RESALE APARTMENT OR INDEPENDENT HOUSE
by System Administrator - Saturday, 15 September 2018, 9:12 PM
 

By : M.S.Yatnatti: Editor and Video Journalist Bengaluru : Beware of the four Signs Of The Real Estate Con Man:1)Must Act Quickly!!! Ever heard someone talk about the "deal of the century” that is about to close in the next five minutes? You may have come across these deals that are "too good to pass up.” A deal that leaves you no time to investigate but just enough time to write a check? 2) Unrealistic Returns: Aside from the urgency of this last opportunity, the other suspicious thing that stood out on this offer was the high return that was promised by the borrower. 3) False Sense Of Security: With any investment, one of the main things we want to know as investors is what is the worst case scenario? If it's a flip property, we want to know what happens if we can't sell it. Will it generate cash flow if we need to hold on to it in the long term, and can we service the debt? 4) Unnecessary Complexity: We have all taken classes on creative financing for real estate.

See that apartment project is RERA Approved. Take precautions as buying property is not easy. Many check lists have been reportedly published by many on the internet and websites and blogs. Please consider each one of them and do not over look any good point..Reportedly buying a resale property has always proven to be advantageous from choosing a strategic location to acquiring finer properties at better prices and ready to move properties . Although a resale apartment may be old, it is a good investment option owing to the low availability or supply of new properties in the area. Therefore, if the owner chooses to redevelop the property, it is likely to fetch him greater appreciation and better return on investment .Another advantage of buying a resale apartment will be if the buyer makes a one shot payment from his disposable income rather getting into the intricacies of seeking a home loan. However, one should be aware that seeking a home loan for a resale property would mean meeting additional legal and procedural requirements. It is mandatory that one should be aware of the legalities and paperwork before investing in a resale apartment. One can even consider hiring a good realtor and good advocate to get information on the apt resale property, the details of the seller, and running around for paperwork etc.