Tuesday 24 March 2015

Get knowledge about the formalities involved in Buying and Selling process

If buying a new house from a prominent promoter, then one need not worry about anything since the promoter would provide guidance to you by helping in the process of transactions, getting loan and completing other legal formalities involved in registration, given the details in reviews about Amarprakash builders. Many projects are coming up in almost all the metropolitans including Delhi, Bangalore,Mumbai, Chennai, Hyderabad etc. which are reasonably priced. But, if you are going to own a property which is available for resale or sell your home, then you should consider a few important aspects.


Nowadays many people are depending on the site listings for the purpose of buying and selling, internet plays a main role when it is in the field of real estate. You can even look into virtual walk through since it is a kind of marketing strategy followed and leads to easy sales, as of general reviews about Amarprakash builders. Fixing the property cost is a crucial aspect that helps in easy completion of the deal. The purchaser and the vendor can enter into negotiations either by themselves or through agents and ensure a fair deal is obtained. At the same time, if the price fixed is too high or too low from either side, then a lot of time would be taken to close the deal.

Generally in India, both the parties enter into agreement or a contract which is duly signed by both of them to have a safe transaction process. The parties generally consult a lawyer who is capable of preparing the contract that contains the prices fixed for the property under sale, advance money can be paid during the agreement, time period that is agreed for the deal to get over, loss which either of the party should bare if they do not follow properly the time schedules and so on.

Sale deed should be prepared by a licensed document writer after having a consultation with the lawyer about the legal conditions involved in the sale. According to reviews about Amarprakash builders, the parties need to register new sale deed in the sub-registrar office. The registration process needs all appropriate documents such as sale deed, previous home agreement, tax documents etc. before going through the registration of the new sale deed.

If the asset for sale is singly owned, then the process can be performed easily. But, in case, if more than one person has rights over the property, then they will be one person who would be given the power of attorney. In case of closing the deal of joint property, all the property owners have to sign the deal. Both of the parties should take care of the price involved in the sales process such as document writer’s payment, lawyer’s payment, stamp duty payment, and other miscellaneous payments involved.

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