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Guide for Selling Your Property
Thinking of leaving your current area to move to a new location? Or maybe you are moving to another country? Well, whatever the case might be, you must do something about the property you currently own. If you decide to keep it, then that is entirely up to you. But if you want to sell commercial properties for rent in Islamabad before relocating, then you have come to the right place. Let us give you some guidelines regarding the selling of your property.
There are a few steps that are mandatory to find a good deal because you do not want to just hand over your property without any proper investigation, selling it at a loss or getting caught because you have not done something legally.
Proper research: Proper research is necessary when you have made up your mind to sell your property. You could just hire an agent and let him do all the investigation for you but it is better to do it on your own as the agent might charge you extra and he might have some benefit in the final deal. Look for similar properties around you and find out their value and then finalize your own demand. You can even compare the similar properties to your own and then make some adjustments, according to the differences that the two properties have, to find the estimated value of your own property.
Finding an agent: After you have a rough idea of what you might demand for selling your property, the next step would be to find an agent to handle the rest of the major tasks. Remember that the agent shall ask you for a commission depending upon the deal you have finalized with him.
Finding the right client: After the above steps, you would probably be meeting with some potential clients who are interested in your property. Negotiating with them and finding the right one is the most important step. After a deal is finalized the client shall give you token money as confirmation of the deal. If you don’t have an agent and haven’t found the right clients then you can place an ad for a house for sale in Rawalpindi.
Document verification: After the token money has been given, you may proceed to provide the client with the necessary copies of the property-related documents. These will be used for the verification of the house. After the verification has been done, a fixed amount probably 25% shall be handed over to you.
No-Demand Certificate (NDC): One of the most important things is the NDC that shall be given to you by the authorities that handle the land of the particular area. It will contain information regarding the taxes to be paid, transfer fee and other legal information. Transfer of property: The final step involves the presence of both the buyer and seller. As soon as the final payment is made, the transfer letter is handed over to the buyer in front of witnesses and the land authority is informed about the necessary changes that are to be made in view of the recent transaction.
Following the above procedures makes the process of selling a house fairly smooth. The main thing is that the end result is a happy buyer by getting the deal he wanted and a happy seller by selling his property for the right offer. So if you are thinking of selling a property, then you might consider house for sale in Rawalpindi knowing in advance what you might expect in the upcoming transaction.
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