Buying a house is one of the biggest dreams of most of the people. However, if you think that by simply saving enough money for investing in residential projects in Magarpatta, Pune and signing a contract with the builder of these projects will guarantee that you will be able to live in your dream house, then you are highly mistaken. There is a lot of fraud and cheating that goes on in the real estate market, and it is, therefore, it is essential for the buyers to take the necessary precautions before entering into any sort of deal for buying or investing in any project.
Some of the precautions that the home buyers should take are as follows:
Check The Reputation Of The Builder
It is very important in the real estate market that you enter into any sort of property transaction with only trustworthy people. There are many big names in the real estate market like the Prithvi Developers, who is known for their clean and honest property transactions. You can choose to invest in the residential projects in Magarpatta, Pune that are being developed by trustworthy developers like Prithvi Edifice. If you do not know about the builder of a residential project, first make the necessary inquiries and only if you are satisfied with his reputation, should you go ahead with the deal.
Written Agreement Is A Must
Many builders would tell you that a written agreement would be made only at the time of final payment and transfer of property, but do not fall for this trap. Make sure that as soon as you make the very first payment for the property, you get a written agreement made, which spells out all the terms and conditions of the deal between you and the developer of the property. No money should be paid in the absence of a proper and legal written agreement.