Purchasing a home or flat is a major aspiration for many, often involving substantial savings and long-term bank loans. However, the real estate sector can be fraught with pitfalls that can lead to significant financial headaches, especially if one is not diligent. Before signing on any property documents, it is crucial to be aware of hidden costs and potential legal issues that can arise post-purchase.

The first step before buying a house is to confirm the identity of the seller; it is essential to ensure that the person selling the property is indeed the rightful owner. In addition, one must check whether the seller has the authority to sell the property. Obtaining an Encumbrance Certificate from the local authority is a must, as it reveals if there are any outstanding loans or liens against the property. If there are ongoing legal disputes related to the property, it is wise to steer clear of such deals to avoid complications and potential loss of investment.

In summary, the article emphasizes the importance of thorough verification before purchasing real estate, safeguarding one's investment from unforeseen issues. By being vigilant and conducting proper due diligence, prospective buyers can avoid common traps that might lead to significant financial strain, ensuring a smoother purchasing experience and protecting their hard-earned money.