What are the documents that you should ask from the seller while buying property? How do you check whether they are original? Which are the certificates that you need to obtain? What do these certificates mean? Which documents do banks ask for when processing your loan application? These are some questions that every property buyer faces.
Partnering with a professional property consultant who offers expert legal guidance can avoid many potential pitfalls of real estate investment. An experienced consultant does site inspection, verifies any merits and demerits of the neighbourhood, obtains and checks all documents and looks for any irregularities. They make sure that all property related documents and agreements are in order. They offer support through the entire buying-selling process and strike the deal for the best possible purchase price.
Here are a couple of articles that appeared in ‘The Hindu’. Read on to get familiar with some terms used in property transactions and understand the significance of different kinds of property documents.