5 CHECKS YOU MUST CARRY OUT
Don’t be taken in by the low price of the property. Check for pending dues or litigations. These could include unpaid electricity bills and society dues Try and visit the property before bidding for it Check if the property has a clear title otherwise banks may not give you a loan. It will also not allow you to resell the property Verify all municipal records, tax records and check if it had a sole owner and if the property can be transferred to you Compare the reserve price of the property with other properties in the area where it’s located to arrive at an independent assessment of its market value.