Selling / Buying Real-Estate - A quick guide
Disclaimer: This write-up is supposed to introduce you to the procedures and is not a legal advice. Always consult a lawyer worth his salt before signing any documents. Feel free to contact me to suggest corrections or need more clarity. We were busy during the first half of this year in two real estate transactions - the sale of our apartment and then the purchase of an independent house. After that, we got a number of queries from our friends on the procedures; so, I thought of documenting the experience. I'll skip all the steps involved until the buyers and sellers have met and agreed on the transaction. Let's focus on the procedures alone. The seller will have to give the buyer copies of the following documents. The sale deed that is the proof of your purchase Encumbrance Certificate for at least about 30 years. Parent Documents - Documents that trace the ownership of the property / its parts for the past 30 years. In ad...