Frequently Asked Questions
Am I Ready to Be a Homeowner?
If you’ve got a minimum of a 10 percent deposit saved outside of your savings and emergency fund in total, you’re able to buy a house.
Is Renting or Buying Better?
It depends upon your needs and savings. If you want to settle in the workplace, you will go for buying or else choose rent.
What is the abbreviation of EMI?
The abbreviation for EMI is standard deduction by monthly In financial term Equated Monthly Instalment.
What does one need during a house checklist?
The neighborhood and surrounding area, location and size, developer profile, Prices that make you comfortable.
Do I need a home warranty and home insurance?
Yes, need to find that they are offered a home warranty when they buy a home. Both home warranty and home insurance can cover emergency events, and each gives you a reduction of repair expenses.
What should I expect for closing costs?
Closing costs are fees and expenses you pay once you close on your house. These costs can run 3 to 7 percent of the loan amount and should include title insurance, legal fees, valuation, govt taxes, and more..
What is pre-approval for a home loan?
A pre-approved home loan is a minimum documentation and paperwork with the shortest processing time. Banks often offer it to existing projects submitted by the builders.
What are the gift deed charges in Tamilnadu?
In the Tamilnadu gift deed, charges are 7% of the market value of the property.
I want to buy your new home at the lowest price?
you have to enquire about the property with neighbors and some other agents near the property,
Questions to be asked while buying a flat
Inquire about the status of the title, Ask about the particular Price of the Property, Check the record of the Builder, Ask if they will show any sample flat, Ask about the completion and, therefore the possession date,
Ask about the Utilities.
