Purchasing property is one of the most daunting challenges you might have to face, as it not only involves a long tenure of endless efforts, but also includes a lot of risks from both ends. There are tons of property options in Pakistan these days, especially the property hubs of this country such as Karachi. From apartments to farmhouses and from houses to plots, a savvy investor has the opportunity to get their hands on anything which they feel like buying. Regardless that you want a house somewhere in Clifton or 10 marla plots for sale in Karachi, this city has the ability to offer you with everything you would need.
Most people find this quite amusing, as it is not easy to find a good property option in a developing country with a fluctuating real estate market, such as Pakistan’s. Nonetheless, when it comes to Karachi, the options will never end. However, one of the most important things you need to be familiar with are the frauds which can be piled on your both sides, just looking for a chance to grab you by the neck. Here are some real estate frauds you need to save yourself from, especially when purchasing 10 marla plots for sale in Karachi.
1. DO NOT put too much faith in a single agent, and let them cut you off from the loop of the whole process. In this procedure, you need to make sure that you visit and analyse different real estate dealers. Do not fall for their fancy offices, but look for the ones who can give you a quote nearest to the estimate you have listed down. Moreover, make sure to hold a face-to-face meeting with the other party as well, in order to find out if your dealer has acted according to your requirements or not.
2. When you’re a first time investor, especially in the field of real estate, you might pay all the money in one go; which is completely WRONG! You need to make sure that you offer token at first, which allows you to close the deal. If your agent is asking you to make the whole payment, do not do it at any cost!
3. One of the biggest frauds you might see is in the allotment letter which is passed on by the other party. Make sure you ask your dealer to verify this letter, and ensure that you are with your dealer when the verification is done; in order to establish 100% surety.
In order to witness a smooth experience in the real estate marketplace, you need to make sure that you are armed with all the knowledge you can get, and a few tips and tricks up your sleeve as well. Moreover, you need to make sure that you never make a wrong move, which can give a chance to fraudsters to target you. Hence, if you need to make sure that you are always safe from frauds, consider the points given above!
This article duplicated from： https://www.bethree.pk/