Real Estate advice


#1

AoA everyone. I've got some relatives wishing to sell their property in a city in southern punjab. They no longer live there and have talked with a property dealer referred to them from a friend (they probably trust the friend, the friend has dealt with the property dealer but obviously shouldn't be expected to furnish any guarantees).

The property dealer is asking for a photocopy of the fard of the land to gain interest of potential buyers; this isn't for biyana agreement yet.

I want to know if its safe to give photocopies of such ownership documents to a property dealer, and whether they can be misused? People are telling them to cross/water-mark the photocopies but with today's scanners and printers I doubt it would provide any real protection.

Second question: is it true that in real estate dealings transfers are made before complete payment? If so what prevents the buyer from dishonoring the agreement after the transfer?


#2

It is better to get services of a good lawyer / Legal adviser.


#3

for god sake it's photocopies, if you are that much paranoid also write a agreement on stamp pamper and have them signed by the property dealer that he is taking the photocopies to show them to people interest in buying the property also have them water-marked saying "Not Original and For Show Purpose Only".


#4

usually you put 2 cross lines, parallel to each other, 1 inch apart and in bold writing, write for verification only...use a ballpoint, not a marker..

always do this with your id card copies as well as utillity bills

there is first payment of bayana, then a stamp paper is signed with oath commissioner stamp and entered in register about terms of biyana only. then after payment another stamp paper worth atleast 100rs is signed and registered about payment.. then payment is made at same time, preferable via bank for security reasons, or a bank draft, never cheque... finally deeds are transferred then, and you are a billionaire.

for agricultural land, always meet your patwari, and ask about details first.. he will scare you to pee your pants, about fraud and tax and nAIB and PML N. but just ask procedure otherwise you may end up paying him lots of money.. since you are the seller, you dont need to pay him Shiit.. the buyer has to do his verifications and transfer. (or you CAN pay him in Shiit)


#5

Thanks.


#6

Farhan explained in detail. Still property dealer should not ask even photo copies without any token money (bayana). Don't know about punjab, but here in karachi property can't be transferred without original papers and original owner.


#7

[quote=“MrKamran, post:3, topic:22002”]

for god sake it's photocopies, if you are that much paranoid also write a agreement on stamp pamper and have them signed by the property dealer that he is taking the photocopies to show them to people interest in buying the property also have them water-marked saying "Not Original and For Show Purpose Only".

[/quote]

its Pakistan your life on road with unexpected bumps


#8

[quote=“armada, post:7, topic:22002”]

its Pakistan your life on road with unexpected bumps

[/quote]

agree.


#9

http://ilaan.com - simple and easy solution for listing and showing properties on internet in Pakistan audience via our intelligent products to the people! who is looking to buy, sell or rent out property.

Property search on smartphone is so easier and intuitive in Pakistan.


Allows you to view photos and videos of a house, property or a locality. 360 degree video of the properties and rich photos


#10

you can even check out Pakistan’s Smartest Real Estate Portal where you can buy or sell any property with just click of a button and the rest they will do the work!
Graana - Pakistan Smartest Real Estate Portal