Buying a house is one of the most important decisions that you make in your whole life. You should prepare a checklist when you are searching for a house. Irrespective of the amount of time that you have saved in getting yourself ready for buying a house, the questions related to home buying might be never-ending. Following are some tips that would give you the idea about the procedure of buying a home.
FIRST TIME HOUSEBUYERS :
Que. Why should I buy, instead of rent?
Ans. A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home will go up over the years. Finally, you'll enjoy having something that's all yours - a home where your own personal style will tell the world who you are.
Que. Should I use a real estate broker? How do I find one?
Ans. Although having a real estate broker is an easy option, the complicated state of affairs in the housing industry and the low level of transparency leaves much to be desired. Haware Engineers and Builders does have a broker network but majorityof our properties are sold directly by the company only. This fulfills our need to have complete transparency with the customers. Our friendly staff will ensure that you have each detail of the projects to invest in, to help you choose the perfect home of your dreams. Apart from helping you arrange your site visit, our staff will also assist you to secure loans from all leading financial institutions. All in all, one phone call from you to Haware is a one stop solution for you to fulfill your dream of owning your own property of your own.
Que. How much money will I have to come up with to buy a home?
Ans. We request you to kindly carry your cheque book when visiting our site with the intention of finalizing your dream home. Our marketing staff will help you understand the enitre payment schedule.
PROPERTY BUYING OR SELLING :
Que. What is meant by the market value of the property and is Stamp Duty payable on the market value of the property or on consideration as stated in the agreement?
Ans. Market value means the price mentioned in the ready reckaner prepared by the Government of Maharashtra every year. The Stamp Duty is payable on the agreement value of the property or the market value which ever is higher.