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BE AWARE BEFORE BUYING PROPERTY

Hello friends today we shall discuss the pre-requisites one should keep in mind before buying any property.

1.   Make a through survey of the area in which you want to purchase a property. This can done either with the help of any of your relatives or friends residing in that particular area or otherwise you can take help of any of the local property dealers. Such survey also enable you to become aware of the general price of the properties prevailing in that particular area.  

2.   If during that survey you tend to become interested in any one of the properties, in that case, you can first ask for the chain of the documents to have a glance in order to know if everything is fine or not.

3.  Before finalizing the deal you can make a search in the relevant authority to verify the details of current owner of the said property.  The details like free hold, occupation certificate, etc. may be verified.

4.  Before making the complete payment, you can make an advance amount and enter into an agreement to sell with the seller. Such documents may be prepared with the help of the expert in order to avoid any dispute in the future.

5. After making the advance amount, you can arrange for the balance amount and thereby fix a date for the execution of the sale deed. On the date fixed, buyer shall purchase the stamp duty and reach the registrar’s office on the date given.

6.     After that the buyer can make the entire payment and take possession.


IN CASE THE SELLER DOES NOT COME ON THE GIVEN DATE AT THE REGISTRARS OFFICE FOR EXECUTING THE SALE DEED UPON ACCEPTING THE BALANCE AMOUNT THEN THE BUYER CAN GET IT DONE WITH THE HELP OF COURT BY FILING A SUIT FOR SPECIFIC PERFORMANCE.


I hope the above information may be helpful for you all. For any queries, you can comment below in the comments section.

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