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Buying old apartment ?

Discussion in 'Money Matters' started by lavii, Dec 22, 2011.

  1. lavii

    lavii Gold IL'ite

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    First of all..Shanti i am sorry if a thread is already exisiting for same i needed help immediatley so posting without thorough checking...Please move if there is any already exisiting thread...

    I got a good offer to buy a home in a well developed area..however its a 12yrs old apartment..
    so had these questions in mind..
    1) could i really get 80% of loan from banks as its 12 yrs old apt?
    2)if i could get loan..What all things should i check before buying..I mean if old owner has taken a loan on that apt..how to it its his own property and legal things that i should take care of?
    3)anything else that i should think before buying..?

    Shanthi and shaishav your inputs are very valuble to me..please help
     
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  2. lavii

    lavii Gold IL'ite

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    Helpppp please ...If anyone purchased old apt kindly give the checklist..
     

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