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Provident Cosmo City Chennai Starting@14.58 lacs only - Siruseri IT Park, Chennai Ansal Fairway Apartments NoidaPrice starts from Rs.909816 - Eastern peripheral expressway, NH-91

Regalia Towers Zirakpur ChandigarhReady to Move Just Only Rs.23 lacs.

DLF Westend Heights New Town BangaloreDLF Relaunch Just Rs 1850 Psft

DLF Garden City Chennai DLF cuts OMR project prices, now @ Rs.2650 ps ft

Mantri Astra BangaloreMantri Developer - Reduced the price by Rs 600 Psft - book you apartment now just Rs.29 lacs only..

Emaar MGF Studio ApartmentEmaar MGF Upcoming with their new residential plot in Gurgaon Sect-25 at never before price.

DLF DelhiDLF sells 1,250 flats within two hours.

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Buying Your First Home-11 Steps to Follow

Buying your first home can be smoother and hassle free if you have a systematic approach and know the underlying facts. The most important factor in the home buying process is your affordability. How much you can exactly afford. Your affordability depends mainly on the following-

Credit rating
Monthly income
Monthly expenses
Rate of interest
Down payment

There is a generalized pattern which is followed in the home buying process. Given below are 11 points that should be taken into account while settling for a new home.

1. First you decide to purchase a home

The first step is to decide that you will be buying a house and not an apartment.

2. Assess your finances

Evaluating your finances is a prelude to the home buying process. Often, buyers tend to put it off for a later period, but this is the first thing that should be taken into account. The process of financial assessment can be made simpler if you order for a free credit report to see where you stand financially. If you find any inaccurate information, get it corrected right away.

3. Select the must haves in your house

Once you have evaluated your finances, you can make a list of the things you should have in the house. If you have been longing for an article that can be bought sometime later, defer it. Dont be impulsive in making purchases.

4. Apply for a loan and get pre approved

If you are planning to apply for a loan, get a pre approval first. It also implies that you are serious about buying a house.

5. Search for a reliable real estate agent

Since you are buying a home for the first time, the home buying process will be new to you. So, it is best to take professional help. However, just be sure that the real estate agent you are hiring can be relied upon.

6. Start looking for the house

Knowing that you have a professional to assist you in the home buying process, your affordability and a pre approved loan, you can start looking for the house of your choice.

7. Make a Price offer

Make a price offer. It is quite likely that you may be the sole buyer or you may face competition from other buyer too. Under such circumstances, a real estate agent can help you out.

8. Get your home appraised

The creditor will need a home appraisal to assess whether the amount you have agreed to pay is justified.

9. Get the loan amount approved

Once your home appraisal is done, the lender approves the loan provided you meet the other qualifying factors.

10. Get the home inspected

Get the home inspected. It can be dome by shelling out a very nominal amount. It usually ranges between USD$300 and USD$600.

11. Settlement

The deal gets settled finally. It is the penultimate step before you actually have the keys in your hand. It involves a lot of paper work. In this process you have the ownership transferred in your name.