Property Buying/Selling Tips


Property Buying Tips Buying a property is a lifetime moment for a common person. However, investing in the wrong place may put you in trouble by wasting your money. Here are a few effective tips that will guide you to invest in the right place and ensure that your hard earned money is not wasted:
  • Make a list of your priorities that you want your property to have. This will ensure that you are not misguided by any given property at its face value and judge it as per your own requirements.
  • Check the title deed of the concerned property. This will ensure the marketability of the property. This can be done by approaching for loan to financial institution as they only provide loans for the properties that have clear title deed.
  • If you are purchasing a property that is under construction, ask for the Development letter. It contains all the details of the agreed price, payment plans and construction schedule. It is a link between the owner and the builder.
  • If you are buying a completed property, make sure that the owner has the title deed, possession and the right to transfer clear. Also, take possession of all the related documents.
  • Make sure that the final deal is stamped and registered at the appropriate local registration office.
Property Selling Tips Selling a property is definitely not an easy task. There is a strong possibility that you may not get the proper price of your property. Here are a few simple tips that will help you in striking a good deal in case of selling your property:
  • It is very important to quote the correct price of your property as it ensures maximum number of prospective buyers. In order to do that, you can either take the help of a professional property evaluator or you can do it yourself by analyzing the current market trends.
  • Target the right kind of prospective buyers and advertise accordingly.
  • Next important step is finding the prospective buyer. For this purpose you can take help of the professional property consultants but make sure that the property consultants has high market credibility.
  • After having decided upon the price and the buyer for your property, communicate this to the local authority and obtain a No Objection Certificate (NOC).
  • Get the proper registration of your property done under the provision of Indian Registration Act after selling the property. This will ensure that you donĂ¢€™t have to face any dispute in the future.