Everyone takes the help of real estate agents when buying a plot, but what are the questions that a property buyer should ask at the moment? Most people are ignorant in this regard and that is why they face difficulties after choosing a plot and even making a statement etc. Many people also fall prey to fraud due to lack of information. In this article we will tell you what questions you should ask your real estate agent or real estate company when buying any residential or commercial plot or what are the details should be kept in mind.
1: If you like the plot by looking at any web portal or OLX, it is better to visit the site before making a direct deal. Sometimes the plot is on the map but not actually demarcated. Even if you are an overseas Pakistani, you should ask your real estate agent to go to your site and make a video call so that you can see the place and decide for yourself.
2: When buying a plot, be sure to ask how long you will own it. Be sure to find out if you are paying today and if you can start building a house on it tomorrow. Also find out if the supply of electricity, gas and other facilities has been made possible in this area.
3: Determine the value of the property in advance. If you are buying a plot, make sure the price of the plot is according to your purchasing power. Or maybe the price you were told earlier has now been increased after your interest show.
4: When choosing a plot, make sure that you are buying the plot from its original owner or that it is being resold. Better a poor horse than no horse at all. Be sure to receive a receipt for the statement.
There are two types of statements.
A: Conditional token
The amount given in this type of statement is refunded in full if you do not like the deal.
B. Confirm token
In such a statement, if the seller of the plot withdraws from the deal, he has to return the double token to the buyer and if the buyer terminates the deal, he does not get the token money back. Here it is better to do a conditional token first and receive a confirmation token as soon as the matter is settled.
5: While giving token money, take a government stamp paper of Rs. 2500 and write the deal on it. It is better to make a 1/3 statement while finalizing the deal on stamp paper.
6: When transferring property, make sure that there are no obligations left for the plot. If so, clear all obligations in advance. Use Pay Order, Demand Draft to transfer money. Cross checks can also be used.
7: Write the stamp paper in the presence of your legal advisers. If you are unfamiliar with legal advice, you can seek help from your real estate agent.
8: When buying a property, you should find out how much property tax is levied on it so that you do not face any problems later.