When Kevin Mitnick said, “The Internet is like the phone. To be without it is ridiculous,” he said while indeed witnessing the current and predicting the future scenario. The shift not only applies to buy grocery or household accessories, it is now also applied for buying property online.
We live in a digital world. A world where everything is just a click or a touch away. May it be finding your favourite dress or searching for a perfect home, the world is now turning towards online stores for all their needs.
Working your way through property search over the online platform is helpful and convenient in many ways, but you should know about the things to consider when buying property online, especially if you are not fond of spending a lot of time in the property search.
For example, it saves you a lot of time and hard work of moving around in the town to inspect the properties. Along with this, you can choose among hundreds of options and select the best for yourself.
Advantages of Searching Property Online
One of the major things to consider when buying property online is you being directly involved with the seller, which eliminates the broker or intermediary’s profits hence giving you additional savings.
By far we can conclude that online property search is a win-win in all the sectors
But here’s the catch…
How sure are you that whatever you see online is 100% legal and authentic?
Hence, to save yourself from the property scams and disappointments you must keep in mind the advantages when buying property online.
Starting from shortlisting the feasible options to finalizing the perfect home, there are various aspects that you must be aware of before you search for the property on the internet.
To have an idea about the important ones, read the list below…
Buying Property Online – Consider These Points
Having a hassle-free and easy property search is what many people look forward to, but in the process of online property buying, they tend to forget few crucial steps that can turn into a bummer down the line.
While choosing your dream abode, it’s important to take a look at things you should know when buying property online,
1. Shortlist Your Choices to Avoid Confusion
The online marketplace undoubtedly has a plethora of options to choose from. You can browse through your favourite features, style, No. of bedrooms, or location and select the one that fits the best.
But what if you have added approximately 15 houses on your list? You certainly cannot inspect all the homes at the same time, especially when you are short on time.
Hence, to avoid confusion you must always shortlist the chosen properties depending upon the home that meets your requirements the most.
For example, if you have a family of 5-6 people, a home with 3 BHK will be more suitable than a home with extra parking space.
2. Check Information About the Property (and the builder)
When you are investing your hard-earned money into your home, you want to be sure that it is perfectly made and is coming from a trustworthy source as well.
Before you finalize the home you must check information about the property such as the age of the property, quality of construction materials, previous tenants (if any), super built up area and carpet area of the home.
Along with the things you should know before buying a property online you should also know about the builder of the property.
Try to gather details from a legitimate website that provides ample options and information such as, the name of the builder, years of experience, Number of previous projects delivered, and maintenance service after delivery because when it comes to your dream home, you can only rely upon the Top real estate builders and developers to bring it to life.
3. Legal Information About the Property
Half of the hassle is solved when the legal is done perfectly and when it comes to property buying, paperwork is the most crucial step.
Before getting the keys to your home, you must be aware that all the paperwork like Sale deed, Mutation register extract, General power of attorney, Copy of building plan, No-objection certificates, Allotment letter, Sale agreement etc. is done.
You should also be aware of the RERA (Real Estate Regulatory Authority) registration number of the property as this will ensure timely delivery of the project, and is a relief to homebuyers.
It will also provide clarity between the developers and buyers thereby ensuring transparency between both.
4. Physically Inspect the Property Before Finalizing:
There is a significant difference between the things you see online and what is delivered to you.
To make sure that you get what you see you should always physically inspect the property before paying the booking amount or signing the property papers.
Make a list of things that you need to take into consideration about the property like a falling roof, renovation issues, sewage problems that can cause potential water penetration, Structural issues, or Window issues.
Check the locality and neighbourhood by visiting the property and to make sure that the area is well connected to the healthcare centres, educational institutes, and recreational centres in the vicinity.
Also check for the commute options like bus stand or railway station that are close to the property.
In a Nutshell:
Searching, Inspecting, and Shifting to a new home is a lot of hard work, but if you are aware of the things to consider when buying home online, the process becomes relatively more comfortable.
Keeping a checklist of the essential issues to check gives you complete surety about the property you are buying.
There are ample things you should know but shortlisting your choices, checking the information about property and builder, knowing about the legal and registration paperwork, and taking out time to inspect the property are few major things to keep in mind.
Staying aware and informed about the property is one of the best ways through which you can select the perfect home for you and your family.