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Property can be verified broadly under 3 heads
Clear Title: This is to verify whether the person(s) selling you the property have complete right over the property and is it presently registered in the name of the person(s) who is selling the property. Either the seller may be impersonating someone, or the property may not...
Wazzeer Professional Network
ProfessionalReal Estate authenticity.
We are planning to buy a under construction 2BHK flat in katraj area of Pune.We are buying a property for the first time, so have little idea about what should we look for before making a payment.Please guide us regarding this.
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Wazzeer Professional Network
ProfessionalProperty can be verified broadly under 3 heads
Clear Title: This is to verify whether the person(s) selling you the property have complete right over the property and is it presently registered in the name of the person(s) who is selling the property. Either the seller may be impersonating someone, or the property may not even belong to the seller or the seller might have mortgaged the property with someone else and is trying to sell you the property fraudulently or the property might be encroached on a Govt. land etc.
Litigation: Is there any litigation pending on the property that you are buying. If there is, then what kind of issue is there in the litigation.
Taxes Due: Whether the seller has cleared all dues till date with respect to taxes on the property has to be verified. This may become a significant amount if the taxes and penalty has not been paid till now
about 4 years ago
View answer
Real Estate authenticity.
We are planning to buy a under construction 2BHK flat in katraj area of Pune.We are buying a property for the first time, so have little idea about what should we look for before making a payment.Please guide us regarding this.
-
Wazzeer Professional Network
ProfessionalProperty can be verified broadly under 3 heads
Clear Title: This is to verify whether the person(s) selling you the property have complete right over the property and is it presently registered in the name of the person(s) who is selling the property. Either the seller may be impersonating someone, or the property may not even belong to the seller or the seller might have mortgaged the property with someone else and is trying to sell you the property fraudulently or the property might be encroached on a Govt. land etc.
Litigation: Is there any litigation pending on the property that you are buying. If there is, then what kind of issue is there in the litigation.
Taxes Due: Whether the seller has cleared all dues till date with respect to taxes on the property has to be verified. This may become a significant amount if the taxes and penalty has not been paid till now
about 4 years ago
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