How to own your Dream Home in India without a Real-estate Broker

Sadly most of us believe that the purchase of flats for sale in Mumbai cannot be plausible without having a brochure by your side, but this is just a myth. A brochure is not as vital as we make him to be in our deal, besides one can make a much profitable transaction on his own.

Having a middle man doesn’t solve your problem in lieu you could handle the situation flawlessly and possibly negotiations would go rather smooth.

Without using a real estate agent/broker you can own your property in Mumbai as effortlessly and avoid the following;

• Real estate brokers create artificial scarcity to make you rush into possibly a bad decision

• Brokers often create a sense of emergency making you feel like you’ve got to act quickly so that you don’t miss out just for personal benefit.

• Purchasing a home is one of the biggest financial decisions you’ll make in your life. Don’t let anyone coax you into making a choice that you aren’t 100% confident about.

• They may tempt you with Glitzy Brochures and Sample Flats and fill in deception against the truth thus self-assessment of the property with genuine feedback is crucial for your future

• They charge Huge Commissions that may drill a hole in your pocket and add on to the existing expenditure. With user-friendly internet portals and simple online listings of properties on websites, you can too now avoid paying this commission by searching for properties all by yourself.

Here’s a step-by-step guide to finding your dream home without using a real estate agent.

• Start by deciding the city and residential area you want to live in. If shifting base is possible to consider peripheral upcoming Tier-II cities or suburbs of Tier-1 city.

• Tier-II cities or peripheral suburbs have plenty of advantages compared with over-congested and saturated metros. These include- ample green spaces, lesser pollution, lower land prices, unhurried yet vibrant lifestyles, plenty of modern infrastructures, smart city plans and more. Instead, of limiting yourself to the top posh areas, consider upcoming development zones also.

• When it’s time to start searching for residential properties choose the reputed internet portals. Make use of property search websites like to help with your search.

• Thereafter, meticulously shortlist the properties that attract you, meet your initial requirements of location, budget, amenities, etc.

• Be aware of as online listings, agents often use wrong photos, false specifications and low prices to draw attention and generate leads. On contacting they show no availability and then endorse other properties.

• Direct builder contact is prudent for exact details on the project liked, once you have received the exact details you can verify the same on the RERA website.

• Rank properties on your shortlist. You have to consider several factors like location, amenities offered, builder reputation, feedback of other buyers, etc.

• It would be cautious to visit 2-3 shortlisted builders past projects and talk to their old customers to get the feedback. You could also join the builders’ completed projects’ facebook groups and see the kind of questions and feedback the residents are posting.

• While shortlisting properties, look beyond the price. For instance, a property that doesn’t come with maintenance by the builder post-sale may have a lower selling price than another with regular maintenance. While choosing the former may seem like a better choice, it isn’t a cost-effective choice in the long run.

• Purchasing a home has plenty of financial implications. You need to save for the down payment of the property, arrange for home loans at the best rate, deal with capital gains tax of selling your old property, etc.

• One of the biggest benefits of choosing a reputed builder is that the company will handle most of these for you. From finding a suitable lender to help you with home loans to dealing with property registration, stamp duties and other paperwork, a builder who is customer-centric can help you out.

• Check other legalities including – no-objection certificate from the water, land, electricity authorities, safety certificates, project sanction plan, no violation certificates, etc.

• Discuss the payment procedures with the builder, handle your home loan processing and make the booking amount. You then receive an allotment letter that has all relevant details like flat number, square feet, date of possession, etc.

• You also have to sign a sale agreement with the builder/seller. This is proof that you are now the legal owner of the property. Make sure to double-check this deed before you sign. Finally, you have to register the sale with the local authorities.

With this, you complete your purchase without a brochure and can move in into your property in Mumbai.

My name is Rahul Pawar and currently I am working as a Sales executive with one of the most renowned builder in Mumbai. If you are interested to buy a href=https://www.ashwinshethgroup.comresidential property in mumbai then contact me directly