Sequence of steps for the sale of property in Navi Mumbai
1 year ago
Dear team,
Good Day
If an NRI is living out of India and wants to sale his registered property in Navi Mumbai.
But he wants to visit only once or twice that to be just finish the registration and transaction process.
How should he plan for this? This is very important to know the sequence of each steps in this so that he prepare himself for each step in advance or follow up the agent and lawyer.
Kindly reply.
Thanks,
A.Dear Client,
The following are the Steps involved in the Sale of a Property:
1. Deciding to sell and choosing an agent. Agent will be in charge of advertising, showing and completing the legal requirements of selling the property. Make a plan for listing, showing and selling your property.
2.Determining the selling price and property inclusions come next. Property’s location, size, age, and features will be assessed, According to the current market and area trends.
3.Agreement with your agent. This legally binding contract will detail any commissions, the estimated sale price, duration of the agreement, advertising costs, process.
4.Prepare the Vendor’s Statement for your property and the Contract of Sale through your solicitor or conveyancer. These will include all of the details prospective purchasers need.
5.Advertising and showing your property. This generally involves photographing your property, drawing up floor plans and writing your online ads.
6.Sale and negotiation. Agent will auction your property or mediate between seller and buyers to reach a mutually acceptable price. The buyer will then pay a deposit.
7.Under contract. Both seller and buyer’s lawyers and banks will work out the details of the sale to ensure both parties meet all legal and financial requirements followed by the settlement day.
Documents involved in a Property Sale
1.Letter of allotment
2.Sale deed
3.Sanctioned plan
4.Society documents
5.Encumbrance certificate
6.Sale agreement
7.Title of the Property and Encumbrances
In regards to your query regarding how one has to plan his trip being an NRI, it is best to discuss this with the appointed Agent who can make a better informed decision regarding this.
Thank you so much, I hope this answer helped you.
The following are the Steps involved in the Sale of a Property:
1. Deciding to sell and choosing an agent. Agent will be in charge of advertising, showing and completing the legal requirements of selling the property. Make a plan for listing, showing and selling your property.
2.Determining the selling price and property inclusions come next. Property’s location, size, age, and features will be assessed, According to the current market and area trends.
3.Agreement with your agent. This legally binding contract will detail any commissions, the estimated sale price, duration of the agreement, advertising costs, process.
4.Prepare the Vendor’s Statement for your property and the Contract of Sale through your solicitor or conveyancer. These will include all of the details prospective purchasers need.
5.Advertising and showing your property. This generally involves photographing your property, drawing up floor plans and writing your online ads.
6.Sale and negotiation. Agent will auction your property or mediate between seller and buyers to reach a mutually acceptable price. The buyer will then pay a deposit.
7.Under contract. Both seller and buyer’s lawyers and banks will work out the details of the sale to ensure both parties meet all legal and financial requirements followed by the settlement day.
Documents involved in a Property Sale
1.Letter of allotment
2.Sale deed
3.Sanctioned plan
4.Society documents
5.Encumbrance certificate
6.Sale agreement
7.Title of the Property and Encumbrances
In regards to your query regarding how one has to plan his trip being an NRI, it is best to discuss this with the appointed Agent who can make a better informed decision regarding this.
Thank you so much, I hope this answer helped you.
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md abid
Replied 1 year ago
Thank you so much for excellent answer Anik.
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