In business dealings, drafting a contract is extremely important in order to ensure House for sale in Islamabad reliability and satisfaction among end parties. In Pakistan real-estate business is growing at a rapid pace due to increased requirement of housing. While making deals of buying and selling property, it is always advisable to make a draft of the agreement to which both parties can consult in case of disagreement or disputes.
Before buying property explore the area or dwelling by yourself and examine all the details of the plot or a house you are intended to buy. It is also important from seller’s perspective to research the area to have enough know-how of the rates of property so as to reach at best estimate of price.
Pick the right party for deal which is possible by getting help from a reliable real-estate agent. An agent will not only assist you in finding reliable party but also get you through the required procedure of property transfer by managing necessary documentations and legal complications.
Before making and deal and signing the final contract, both end parties must sit down and agree upon several important aspects including token money, commision of the real-estate agent and rules and regulations of the initial deposit beforehand and then draft these things into the agreement. Generally Bayana/initial deposit is one fourth of the total payment but it can vary sometimes on mutual agreement.
Both end parties and regularities must be aware of the real condition of a house so full description of the house to be sold should be added in the draft.If there is any proof of inspection of house, do add this in the draft too.
Selling agreement should contain information about mode of payment which can be decided by the end parties prior to signing the final agreement. Along with payment method, final price should be listed in the draft after negotiations and settlements between buyers and sellers.
Bahria Enclave Islamabad is an elegant housing society with modern and luxurious houses and a healthy social community which attracts a variety of customers. Generally, housing societies in Pakistan have more or less similar procedures for selling property. However, there are some specific rules and procedures which may differ and before putting your Bahria Enclave Islamabad house for sale you must know them beforehand. Get all the necessary information about property rules and criterias and make decisions accordingly.
The draft of selling agreement must include names and all the relative details of buyers and sellers, duration/expiration of the agreement and details of property to be sold.
There are chances of irregularities and disputes in agreements as observed in many cases. Parties may end up in situations where they have to consult other entities and seek help for mediation. It should be decided earlier and added into the draft of selling agreement. Along with that, it must be taken into consideration that there should be specific terms on which agreement will be terminated. Communicate with purchasing entity and decide these terms before adding into the selling draft for reliability and proof.
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