Checklist for Buying a House in Kerala

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Checklist for Buying a House in Kerala

• Buying homes in Kerala is not something that
  people can swiftly conclude the whole process
  is long and tedious. In a country like India, the
  job is also very confusing. Often, due to lack of
  organization and proper management, one either
  misses out on an important part of the entire
  process or simply decides to overlook it. It is
  very important to make sure that people draw up a
  checklist to ensure that every step is carefully
  followed. It is advisable that buyers carry this
  list with them at all times to ensure that they
  are keeping with the requirements in it and are
  not missing out on any important stage.
• Bidding
• This is the very first stage that people will
  face after they have selected a house for sale in
  Ernakulum. After looking, through ever other
  option, one must bid for the house that has
  pleased them more than the others have. Buyers
  must always remember to bid smartly they must
  never show how anxious they are to buy the house
  or how much they are truly willing to pay for it.
  Also, they must also contact their real estate
  agent to see if there are similar houses in the
  area being sold at lower prices. When the demands
  are being put forward, buyers must be very
  adamant about what they want and should present
  their case clearly. The closing date can be used
  as a point for negotiations.

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• Inspection
• After the property at Kerala has been bought,
  buyers will have to make a thorough inspection to
  see if there are some things that need to be
  changed and to look for damages that need to be
  repaired. For this purpose, people tend to hire a
  professional property inspector. Buyers need to
  make sure that the inspector is experienced and
  knows his job well. They must also discuss what
  the final report will be like. Purchasers need to
  ask for a detailed report of at least fifteen
  pages that clearly lists every damage and
  suggestions for reparation. The inspector must
  also be asked to make a cost estimate which will
  state the amount required for repairs. The
  estimate will help the reparation process
  management.
• Insurance
• Once the property has been purchased, it has to
  be insured against future mishaps. An appraiser
  will need to be included in the process here and
  one must make sure that he has the sales contract
  so he knows the exact limitations of the
  property. A list of comparable properties will
  also be provided where other houses and
  apartments in Cochin, that are similar to the
  target property, will be listed down. The buyer
  will then point out the repairs and state why
  their property ranks higher.

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• Final steps
• The final steps are just validation procedure
  where everything is looked over one final time.
  Here, buyers need to enter the property once
  again and check that everything is in working
  order. The interest rate will need to be
  finalized here, if the buyers are purchasing the
  house on mortgage. Buyers need to look out for
  fake dealers. Hiring a professional lawyer will
  help.
• COCHIN
• Karikkamuri Cross Road,Cochin - 682 011Kerala,
  India.
• Tel [phone] 484 2377885(930 am -
  5.30 pm)
• Fax [phone]