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WELCOME TO LAUCHLANLEISHMAN

Things to keep in mind while purchasing property

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Page 1: Things to keep in mind while purchasing property

WELCOME TO LAUCHLANLEISHMAN

Page 2: Things to keep in mind while purchasing property

Be wise and consider few important things like your budget, property laws or norms etc and then your finalize any deal. Indeed, choosing right property is not an easy task. Follow the basic check list that is often recommended by Lauchlan Leishman or other popular real estate investors. You must remember these points before you invest money to buy your property.

Page 3: Things to keep in mind while purchasing property

Location• Always buy a house that is located in a prime location. • Make sure that the house is well connected with school, hospital, rail service as well as shopping complex. • Avoid a locality that is full with noisy neighbors. Buying a house in remote location is also not a good deal.

Budget Plan:• Bargain with your property dealer and determine the rates that suit both the parties. • Before talking to dealer, you first have to know your own paying capacity. Determine your budget accordingly. It will help you to decide if you can make the requisite down payment and arrange other monetary requirements.

Page 4: Things to keep in mind while purchasing property

Documentation• Your job does not end with finding the right property in suitable location and determining your budget. • Once you select a property you must check if necessary paperwork and documentation are done properly. • Make sure that property is free from any kind of legal conflict. It is important that your property is free from any kind of loan liability. Otherwise you may repay the loan and incur financial loss • Find out if documents regarding purchase and transfer of title are stamped as well as registered.

Page 5: Things to keep in mind while purchasing property

Valuation of property • Do market valuation of property quickly. • In this matter, you may help of a technical expert and find out details on return potential of the same property.

Thank You Lauchlan Leishman