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As real estate market is growing at a higher pace, it is not easy to trace out some on going fraudulent practices. A little care and precautionary measure may reduce the vulnerability at a great extent. Real estate buying and selling includes episodic and complex processes which may be unknown to layman. Many real estate intermediaries try to get benefited by keeping their clients in dark and finally the buyer or seller fall into prey. Before reaching at any real estate deal following precautionary steps must be kept in mind.

While Buying:
  • Collect all information on buying deal, the buyer and the intermediaries before jumping into the final agreement.
  • Ensure the authenticity of quotation amounts by comparing with other ongoing buying offers.
  • Get acquainted with all modalities related to buying of properties and follow the best possible buying procedures as per your requirement.
  • Real estate laws and regulations are utmost important for property buyers, thus familiarity with real estate legal aspects are of great help to avoid any fraudulent activities.
  • Buying of real estate needs huge investment. The buyer may require bank loans, mortgage arrangement and lease financing to support such substantial investment. Knowledge about bank deal, financial arrangement, interest rate and investment alternatives is of immense help during investment procedures.
While Selling:
  • The foremost duty of the sellers is to verify all detail about the buyers. In this way the sellers can easily sort out fake buyers from possible buyers list.
  • After selecting the most suitable buyer for real estate, the seller must check out the appropriate modalities of financial return as per the quotation specifications.
  • The seller should not be directly involved with the buyers financial arrangement agreement or any other credit arrangement.
  • Value of the property must be estimated as per the existing financial and legal frameworks, so that the seller can get best return in a fair manner.
  • While buying or selling any kind of properties all concerned rules and regulations must be understood by the party to make the deal fair one.
 
 
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