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.

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.

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 - 682 011

Kerala, India.

Tel: +91 484 4118888

+91 484 2377885

(9:30 am - 5.30 pm)

Fax: +91 484 2377886