Property Tips: Keep these 10 things in mind before buying and selling property..

In today's time, everyone wants to increase their money, and in such a situation, people are putting a lot of emphasis on investment. Despite the presence of many investment options in the market, people are investing heavily in property. The biggest reason for this is the rapidly increasing property prices in the last few years. Be it metro cities or small cities, property prices have reached the seventh sky.

But even after this, the buying and selling of property continues. People are selling their old house and buying a big, new and modern house with modern facilities. Let us tell you that buying and selling property is a big deal in which a small negligence leads to a loss of lakhs and crores. Due to these problems, many times people also have to face mental and financial stress. If you do not want to get into such trouble, then before buying and selling property (Property Tips), definitely know these 10 things-

1- The property owner can sell the property (Property News) himself or through an agent. Agents can prove to be very helpful in selling property quickly and at good prices. It takes a lot of time to advertise the property, find the customer, show him the property, then talk to him, make the transaction, etc.

2. In today's time, many real estate websites are available, from where it is very easy to buy and sell property. It has now become easy to reach potential customers through property websites. They do not need to search for it. Yes, the property to be sold should indeed be owned by the seller.

3. The property seller should have information about how long the property to be sold has been in the possession of the seller, he must have its ownership first. If you are buying a property (Property News), then you can get information related to it from the sub-registrar's office. There should not be any other right or claim on the concerned property.

4. It is necessary to decide the sale value and the period of the property. In a sale transaction, the seller has to transfer the rights of the property to the buyer. For that, a sale deed has to be made and the deed has to be registered. This registration is done differently in different states of India.

5. A property agreement is basically between a buyer and a private seller. This agreement mentions that until the buyer pays the full amount, the possession of the property will remain with the seller.

6. The sale deed should contain details about ownership transfer, payment methods, exchange of money, stamp duty, middleman, etc. After considering all these things, it is also very important to know whether there is a land agreement on the property or not.

7. After the deal of buying or selling the property is done, it must be made clear whether the payment is to be made every month or in a lump sum. Also, in any kind of agreement, the consent of both parties is required in writing. In such a situation, you should pay special attention to this while buying the property.

8. After the purchase and sale of the property is decided, fix a time limit for the transaction and complete the property-related transaction within that time limit. It is wise to get permission or a No-Objection Certificate from the Housing Society to sell the property. Get permission from the Income Tax Department, City Land Sealing Tribunal or Municipality.

9. Before buying the property, the buyer should get a certificate (at least 15 days in advance) from the Sub-Registrar's office. That the property is free from any kind of loan or all cases of loan. This gives information about whether there is a loan on the property or not and if yes, then how much is it? A charge will have to be paid for this certificate. This certificate is also good for the seller.

10. Before buying a property, make sure to know whether there is any loan on the property, resolve this issue beforehand, and also mention it in the property agreement. Property experts also believe that all these tasks should be done before the transaction is completed, because these small things can become legal disputes. Due to this you may have to visit the court. While dealing with property, do sign the agreement. Along with this, get the property transaction registered as well. It is wise to be careful while buying and selling property. By doing this you can avoid loss.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.