1.  Invest your hard earned money in projects promoted by renowned developers having proven track record. Do not go by glossy brochures or attractive advertisements. Do not believe the words, 'Financial Institutions approved Projects'.

2.  Checkup the documents with an experienced Advocate. Ensure that the documents of title of the property you intend to purchase are clear. Defective title will create problems at any point of time.

3.  Always go for a property, which has a resale value.

4.  Ensure that the building has been constructed as per the sanctioned plan and if any deviation in the allowed limits.It is not in a low-lying area or in a filled up water body.

5.  You may always rope in the services of a reputed realestate agent and fix his commission well in advance.

6.  Purchase the property in a developing area.The value of land will appreciate.

7.  If you prefer a ready-to-occupy Flat,locate it off the main road on a wide street with adequate water supply away from slums, cinema hall,marriage hall,open drain,factories,and place of worship but not very far from school,college,commercial complex,temple and hospital.

8  If you buy the flat/building under construction,visit the work site regularly and see the work progress.

9  You may not be a Vaastu believer, but purchase house or flat or land that is Vaastu-friendly from resale point of view.

10  If anyone offers flats/sites for a cheaper rate than the prevailing market rate; there may be certain hidden problems.So you should be extra-ordinarily careful on final is ation of such a property.

11 Ensure that the developer has Clearance Certificates from government departments viz., ElectricityBoard, WaterandSewageBoard,etc.

12  Commencement Certificate and Occupancy Certificate are other important documents that are necessary while buying the flats.

13 Checkup the genuineness of the documents with the concerned authorities in person.

14   Ensure Agreement for Sale and Sale Deed, duly stamped,executed and registered are in your possession.Both should contain fair clauses for both the parties.

15  Incase of flat purchase,specification of the building,including material used,difference between the carpet area and the super built-up area are the important factors to decide the rate.Other facilities like Club House,Swimming Pool etc. also will have to be considered.

16  Check whether there is adequate water supply and sanitary line facility.

17  In case of GPA transaction ensure the validity of GPA.

18  Get pre-approved for a loan. This way you'll know if you can get approved and how much you can spend on a house.It also puts you in a stronger position when you ultimately make an offer on a house.

19  Determine how much cash you'll have available for a downpayment and closing costs(points,which are extra fees paid to secure a lower interest rate),origination fees,taxes,title insurance,and financing costs).The higher your downpayment,thelower your monthly mortgage payment and the possibility of qualifying for a better loan.

20  Gather your paper work-recent pay stubs,tax documents for the past two years,bank account statements,etc.