Tips Before Buying a Property
Meet The Property-Owner
Have you originated a home that looks attractive? Then you need to meet its owner. Remember, this is one of the most essential parts of the whole process. If you don’t like what you see or hear during this conference you shouldn’t move onward. Before you speak to them face to face try to run verification on their background.You need to know whether they have a good reputation or not. Have any court proceedings ever been commenced against them? If they have, you may desire to look elsewhere. Don’t forget, they will be glancing to find out all about you too! Found a well-respected landlord and met them in person? Just don’t sign the home ownership agreement until you have read it thoroughly.
Authenticate All Legal Documents
There are a lot of important legal documents without which the sale of a property is not complete. It is the responsibility of the property buyers to verify all these documents and guarantee that they are appropriately signed. Some of these legal documents include- sale agreement, share certificate, society documents, sanction plans, etc.
Possession And Registration
Possession is the substantial transfer of the property, but is not adequate to establish legal transfer of ownership. For this you will have to get the property registered in your name with the local authority, with the property seller documenting that the property is being transferred to you. At the time of registration you will also have to pay a stamp duty which is a government tax levied on property transactions.