Are you thinking of buying a house If yes, then be careful. Buying a house is a big decision and a wrong move can put you in big trouble. Many times it happens that people buy a house, but later it is found out that someone else also has a claim on that house.
To avoid such a situation, keep these things in mind while buying a house:
Check the original documents of the owner
When buying a house, ask for the original documents from the owner. These documents include the sale deed, chain of sale of the property (information of previous owners), title, land use, original receipts of payment, possession certificate, etc. Check the authenticity of these documents.
Check the title of the property
The title of the property shows who owns the property and who has the right to sell it. Make sure that the owner has acquired the property legally, whether he bought it himself, inherited it, or obtained it through any other legal means. You can get the title checked from the sub-registrar office.
It is important to get the seller’s information
Make sure that the seller is the sole owner of the property and is not co-owned by anyone else. Check the mental health of the seller, as buying property from a mentally ill person can be problematic.
Check the property’s use and construction
Check what can be constructed on the property and how it can be used. Contact the local municipal corporation or zonal planning office to get information about zoning rules.
Check the sale deed and chain of sale
The sale deed mentions the property’s price, size, use, and other conditions. Make sure that the sale deed contains all the necessary information and is not one-sided. Also, check the property’s previous sales and owners’ information.
Occupancy certificate and verification
Make sure that the seller has possession of the property and that there are no tenants. After the property is registered, take possession and get it locked.
Advertise in two newspapers to inform that you have bought the property and if anyone has any objection, they can contact you. By keeping all these things in mind, you can avoid problems while buying a house.
New important tips
Cost-benefit analysis: Compare the price of the property and its future value.
Lawyer’s advice: Consult a good real estate lawyer.
Patience and caution: Do not rush into buying a property. Investigate everything thoroughly.