Do Not Miss Reading The Builder-Buyer Agreement | Sikka Realtors

The builder-buyer agreement is a legal document that is signed by both the builder and buyer. It is a very important document with regards to property dealings. The buyer must be aware of all the terms and conditions mentioned in this document so that if there is any breach of contract by the builder, the buyer is in position to revert back. Mentioned below are certain provisions which you must be aware of as a buyer:

Ø  Timeline Of Construction: As per this agreement the buyer is supposed to be given possession of the property within 36-42 months from the beginning of construction. You should note the difference between commencement of construction and date of booking and then calculate the time limit.

Ø  Alteration In Area: The builder might change the square footage of the property and if increased, extra amount is charged from the buyer. But the point to be noted here is that the change is in the super area and not in the carpet area. Why will you be paying 10% extra when the additional area is almost nil?

Ø  Increment In Price: This clause states that the builder may increase the cost of the property if there is delay in completing the project. They justify their point by stating that the costs of raw materials have gone up although the delay was totally their fault. The buyer is penalised here out of no reason.

Ø  Delay In Payment: The buyer is charged an interest of 18-24% if there is delay in paying an instalment. This clause also states that the builder has right to cancel the property right of the buyer if there is delay in payment beyond a point.

Ø  Change In Building Plans: This is a new clause that has come up which states that before making any changes in the setup plan, the builder must take the written consent of the buyer.

Ø  Transfer Charges: This amount is charged in case the property is resold before possession. Make sure this charge is known to you beforehand.

Ø Actual Cost Basis Payment: As per this clause certain items are to be paid on actual cost basis. The builder might charge a high amount at the time of giving possession. 

It is clear from the above discussion that almost all the clauses are inclined towards the builder. The consultancy provided by Sikka Realtors in this regard can help you to a great extent. We have established a very good position in Dwarka real estate and are associated in helping the buyers get the best property for sale in Dwarka. Our professional team is well known as the best property dealers in Dwarka. 

What Makes Real Estate Agents Worth The Commission You Shell Out

Property dealings for the home buyers and sellers may be interesting in the beginning but when things do not fall in place, people tend to become confused. You often think of saving an agent’s commission by cracking deals all by yourself. But sometimes it may so happen that a little bit of savings might result in huge losses in the future. Let us tell you how worthy the commission you pay to your real estate agent can turn out to be.

v  Advises The Right Pricing To The Clients: A real estate agent informs the clients about the market trends, regional status, etc. He never tries to force his decisions on the client rather suggests them proper solutions so that they can have a profitable transaction in property dealings.

v  Helps You Avail Many Options In A Short Time: The real estate agents in Dwarka are very skilful and feed their clients with well researched data. They guide you about the prices of the houses, demographics, transportation facilities and council fees so that you can avail multiple options in a short span of time.

v  Provides Equal Service Both Before And After The Deal: A good real estate agent always ensures customer satisfaction and is never tired to answer any of your questions be it before the dealings or after.

v  Efficient Marketing And Promotion: You may be advised by your agent to adopt advertising strategies so as to get the desired results. The agents help you in buying, selling or renting your property in the most efficient manner so that you earn maximum benefit out of the transaction.

v  Paperwork Handled Diligently: Usually, property related transactions involve a lot of legal formalities thus, resulting in numerous paper works. A professional real estate agent takes the responsibility of dealing with all the documents very carefully so that the client does not face any trouble with documentation.

Real estate agents are never exhausted of doing any kind of work related to property transactions for their valuable clients. Dwarka real estate as you all know has developed a lot in the past few years and our company, Sikka Realtors are also not behind in the race and have bagged a lot of appreciation from our clients through our dedicated services. We are well known as the best property dealers in Dwarka and our agents are capable of transacting any deal through their professional negotiating skills. 

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