Consumer rights on purchase and ownership of properties.
posted on 27 February 2011 | posted in
Business and Finance
Consumer protection on purchase and ownership of property has been under heated debate recently and a few issues were passed pertaining the same. First, consumers have a right to be treated well by sellers whenever they are purchasing a property. They should be given a clear picture of how the property looks like and its exact location and if possible they should be shown the property before a deal is struck. This way consumers will know what they are purchasing and what they are paying for. A customer too deserves to be given a discount on the property they are buying. A written agreement should be given to a buyer at least a week before they sign it in order to give them time to make informed decisions. One thing for sure is that the Property Law is on its way to the parliament and once it is passed, then consumers will not be shying away from purchase of properties. Over years, sellers have been exploiting property buyers, but after the law is passed, there will be no such cases.
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