Budget for extra expenses including stamp duty ( 5–7% in many regions), registration charges ( 1–2% ), legal fees, and advance maintenance deposits. 2. Property Due Diligence
Buying an apartment involves a multi-stage process that spans financial preparation, rigorous due diligence, and complex legal documentation. what do you need to buy an apartment
Before searching for properties, you must establish your buying power. Budget for extra expenses including stamp duty (
Lenders generally require your last 3 payslips , employment contract, and most recent tax returns. registration charges ( 1–2% )
Obtaining a pre-approval letter from a lender confirms your eligibility and interest rate, allowing you to move quickly when making an offer.
Once you find a potential unit, conduct a thorough inspection beyond its aesthetic. Buying an Apartment Checklist - Your Complete Guide