Hey,
No one warned me about the amount of home buying stress that comes with securing a home. I believe buying a house is one of the most stressful life events. For a first-time buyer, things can get overwhelming pretty quickly. Take a look at the list below to prepare yourself for the stress to come.
Avail home loans from preferred banks through NoBroker easilyNeed help verifying property documents? Contact experts at NoBroker here. Why is buying a house so stressful? Finances:
Buying a house is a massive financial undertaking. Buyers need to plan how they will save money to pay the downpayment for the property. Commonly, people opt for home loans from a bank or loan shark.
Deciding a property:Choosing a property that meets all the wants while being within the budget is another stressful part. People usually look at tens of properties (a few even hundreds) before choosing the property they wish to buy. The number of rooms, the location of the property, the price, and design layout are a few factors that people look at.
Documentation:One of the most stressful parts of buying a house is completing property documentation. You will need to get the property registered and draw up the title deed. Other important documents are The Sale and Purchase Agreement, Khata Certificate, and Encumbrance Certificate.
Market:Buyers need to conduct research on the real estate market before purchasing a property. The asking price of the property will be invariably dependent on the market price.
Rules:Most states have their own rules and regulations about the purchase of property. The registration charges and stamp duty differ in each state.
A solution to the stress:Thanks to websites like NoBroker, home-buying stress seems to be manageable. I opted for their legal services to get the sale agreement and property tax receipts verified.
Read more: Can you offer less than asking price on a house? How to make an offer on an overpriced home how long to wait before reducing house price
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Why is buying a house so stressful?
Charu
96Views
1 Year
2022-12-21T18:07:58+00:00 2022-12-21T18:07:59+00:00Comment
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