Legal Documents You Need to Buy and Sell Property

1. Legal Documents You Need to Buy and Sell Property

2. Introduction • Buying a home or even property is a huge investment. • When you’re putting so much into it, be sure that you have all the documents that are required. • The list of documents that you need is pretty large, but let’s try and stick to the documents that are completely essential. • If you are interested in buying property, you can find best deals of property for sale singapore.

3. Title deed or Sales deed • As the name suggests the deed talks about the sale and transfer of ownership of property from the seller to the buyer. • This document has to be registered in the Sub Registrar’s office. • This document is also needed to apply for a home loan and if you’re looking to sell.

4. Encumbrance certificate • This is like the background story of your property. • It will tell you if there are any dues or claims against your property. • Buyers are more likely to trust you if your encumbrance certificate is all clear.

5. Building plan • Have you read those horror stories in the papers where houses were demolished? This is mostly because of illegal construction that has taken place. • Save yourself from such a situation by asking for a house plan approval or building plan. • This will state that the place where your property is located has been approved. • It will also state if your building plan has been approved or not.

6. Conclusion • Real estate has produced many of the world’s wealthiest people, so there are plenty of reasons to think that property is a sound investment. • However, as with any investment, it’s better to be well-versed before diving in with hundreds of thousands of dollars. • Arm yourself with the information about the dealers of property andcondo for sale singapore.