Precautionary Measures Taken While Investing In Property Pakistan
Pakistan property is now becoming the complex problem now days because of criticalissues in property which are creating useless and unnecessary legal problems and hassles for the buyers. The Pakistan real estate Buyer should be well acknowledged about all policy and rules and these policies about real estate are used while buying the properties in Pakistan. The buying customers have to take some extra care and all sort of safety measures while buying the property Pakistan. In this article you will get some useful information about some of the fundamental and important safety measures before buying the properties in Pakistan.
Inspection of property:
Before buying the property one should inspect thoroughly about the real estate properties. The most important inspection is through physical inspection not by using the maps and pictures. The land of the property Pakistan must be visited and also briefed by the owner of property agent. The customer must look around to have proper inspection of the designs, decorations and condition of the construction and the customer should be aware of the environment of the property.
Before purchasing the real estate Pakistan properties a buyer must confirm the title conducts whether the property which going to be buy is registered with the seller name or not. Buyer should confirm all the records before buying any property this will make sure that the seller has complete authority to sell the property and no one can complain the ownership of the property. By getting the original title conduct and also confirming it with the lawyer will surely give advantage to the buyer.
Pakistan properties have to be invested before buying the related conducts and paper documents and such documents should be verified and are illustrated here like: Encumbrance certificate of past 13 or more years, power of Attorney, no objection certificate, mutation certificate, possession certificate, checking of due payments, release certificate in case of more than one owner. As a buyer you need to check the payments which is relevant to the properties otherwise you have to pay the extra cost. All taxes and bills related to the property should be paid before buying it. Buyer should be aware of all kind of charges on the property whether from bank have taken some kind of loan. One should check and verify the release certificate to know about property due payments whether released or not.
Registration of property:
The written agreement is necessary to get by the buyers and should be on stamp paper having signatures of both parties with accepting all rules, regulations, terms of the contract. Registration through proper means is necessary and must because it can safe from many hurdles in the future.
by: Kiran anwar