Are you going to buy a property? Do you have fear about fraudulent activities done in the history of sale and purchase of assets? Then you must know some of the issues as well as benefits related to buying any property for sale. While buying any property, you must keep a few things in mind, and you must verify and checklist these things so that you may not face any sought of a problem while making the deal.
First, you have to check whether the person who is selling this property is its original owner or a dealer. In the case of a dealer, you must meet with the owner in person to verify that he/she has given authority to the dealer to sell the property.
If you are making the deal directly with the owner, then what you must verify that the person calling him/herself the owner of the building is a real owner and not a dishonest person. You demand the original documents of the property for sale before making the deal.
After verifying the ownership, you must check whether the place which you are going to buy have, the more or less the same facilities which you require or not. If yes, then that’s good. But if no, then try not to purchase it.
After that, the main thing is the price of the property. You must confirm the rates of properties by your own from different persons living there or from government authorities dealing with the real estate in that region. It is because sometimes seller may demand high rates and if you don’t know the actual price then you may lose your valuable savings in paying high rates.
Also, it is important for you as you might plan to sell this property in the future, then what profit you may get. You can collect rates of a previous couple of years to check what the actual worth of the property is and what will be its price after 5 to 10 years.
These are some of the guidelines which a buyer may consider and follow before purchasing any type of property which is for sale by the owner directly, or any property dealer is selling it to you so that you and your savings, both, remain to save from any sought of fraud.