2021. 12. 9. 02:29ㆍ카테고리 없음
Selling your property can be a tedious thing to do owing to legal procedures. With the advancement of the real estate industry, things have improved a lot and now, one doesn’t need to spend weeks to get a good price for their property while looking for Residential Plots for Sale in Islamabad. You need to keep a few important things in mind and work on them if you’re looking for a good price. Let’s discuss a few elements that you MUST consider if you’re selling your property or house, especially in DHA or any other housing society.
Do your Research
Firstly, you should know the value of your house/property that you want to sell. This is very crucial because if you don’t know the market value, you either don’t get the right price or end up losing potential buyers of your property. Do some research about the prices in your neighborhood. What’s the trend of the prices for the last 3-6 months? The Internet can help you a lot in this respect. You can search for key terms such as “Plot for sale in Islamabad” on property portals including Gharbaar, which will give you a number of results that will help you compare prices.
Meet a trustworthy agent
Once you have an idea of the market, one way is to advertise and start the process of meeting potential buyers to find someone trustworthy. In today’s world, who gets the time to do all this when we have professionals who can get you good buyers and can get a good deal with no pain? Instead of leaving your important tasks and finding a good buyer, you can find a good agent who will help you get a good deal and make it happen easily. Hiring a professional costs money but they know how to sell. And hiring a good professional can land a few hundred thousand extra in your pocket. Also, you don’t have to spend any time finding and negotiating with interested parties. Sign a deal with your agent about the commission and how you’ll pay.
Pay Token Money
Token Money should be negotiated and documented with the buyer. For a buyer to reserve your property, they need to pay token money before you complete the actual deal. A buyer may ask for a copy of the property documents for verification. You can provide them a copy in such a case. The buyer can verify if the property belongs to you or not. Disputed properties can’t be sold as per the law. They’ll also check if this is a disputed property or not. Commercial Plots for Sale in Islamabad can make some easy payments and the transfer of the property.
Make a ‘Biyana’
The buyer should pay a percentage of the agreed price known as “biyana”. It’s usually 25% of the agreed price but may vary. Both of the parties have to sign this on a legal stamp paper which contains all the necessary details. They include identities of parties, settled price, time frame, and other terms and conditions negotiated by both parties. It should also include signatures of witnesses present during the deal.
Acquire an NDC
After the deal is made, you need to get a No Demand Certificate. If you’re selling your DHA property, you can get this certificate from the housing society office. It certifies that there are no pending dues on your property. It may also include payable tax details. You cannot legally transfer your property without the NDC. As a seller, you need to pay the Capital Gains Tax. For tax filers, it’s 1% and for non-filers, it’s 2% of the property price. You will submit this payment to the office of the housing society. Buyers are also bound to pay fees and taxes like transfer fee, CVT, stamp duty, TMA tax, etc.
What Next?
Portals like Gharbaar can show you what the latest trends in prices within your area are and can help you with Shop for sale in Islamabad. Once you know these, you can get a good idea of your property value. You can consult their live support agents as well. A good agent may be very helpful in evaluation as well as making a good deal.
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