Hello there. We recently got a 2 BHK house in Pune and that too, without an agent. So, I can help you share how to buy resale flat without agent. This would involve some work, but the effort would be worth it. You start by shortlisting the property, which has some criteria to look after. I am listing the detailed method below.
How to Buy a Resale Flat Without Agent?
Here is the procedure you can follow:
Shortlisting the Property
You first need to select a perfect location. Go for well-connected, developed areas with closeness to social amenities such as schools, colleges, hospitals, banks and malls.
With a builder project, check the amenities offered on the project.
Make a budget by considering factors like the stamp duty, registration and transfer charges.
Verifications
After shortlisting, schedule an in-person visit to get an idea of the property and its actual state.
Also, check the social infrastructure near the house.
Make a ranking of the shortlisted homes based on your preference.
Get Done with Finances
You will get several builders to help with the buyer’s financial implications to simplify the home buying process. You can get help regarding home loans, capital gains tax on selling the old property and stamp duty and registration charges.
Builders also give out the option of different payment plans. Go over the benefits and drawbacks related to the payment plan and see which one suits you best.
Negotiate the final payment offer with the seller. I recommend arranging a one-to-one face-to-face meeting to work your way into getting the best offer.
Due-Diligence
Arrange a home inspection visit through an independent property appraiser.
Ask the home inspector to make a complete written report on the property. This will help you get an estimate of the post-sale expenses.
You can check the RERA website of the concerned state to verify the property details along with the builder credentials.
If you are investing in independent properties, go to the local governing authorities and get an encumbrance certificate before locking the deal.
Close Deal
Once you agree with the agreement, finalise the deal with the signatures.
Finalise the payment process and complete the home loan paperwork, if applicable.
You then need to clear the stamp duty and registration charges.
You will get an allotment letter once the legalities are in order. You’ll receive relevant information about the property, all in the allotment letter.
This is how to buy resale flat without agent. I hope you find the information helpful.
Get Best Resale Property Without an Agent at Zero Brokerage via NoBroker Here!
Some related information:
How to Buy Resale Flat Without Agent?
geet
114 Views
1
6 months
2024-12-16T10:46:32+00:00 2024-12-16T10:46:32+00:00Comment
Share