For those who are making one of the most important decisions in life – buying a home. You need to hire a professional real estate agent in order to buy the perfect house for sale. This article offers a number of useful tips to get a house, let's get started:-
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Basic Inspection Documents: – If you are in the process of buying property, it is imperative that you review the following documents – Approved Construction Plans, Search Documents, Approved Site Map, and Current Property Authority. You cannot check these documents yourself. You need the help of a professional lawyer. Find someone with a good reputation and seek their help.
Differences You Need to Know: – You need to know the difference between carpet area, built-up area and super built area. Here are some brief descriptions of each. The carpet is the area of the house/apartment. This area does not include walls.
The meaning of market value: – Market value refers to the price at which residential or commercial real estate in this sense can be purchased on the open market. Stamp duty is paid at the value stated in the agreement or market value, whichever is greater.
Matters that attract stamps for market value: – Purchase contracts, exchange of ownership, transportation documents, deeds of distribution, deeds of donations, invoices and power of attorney and lease transfers. These documents are subject to market value stamp duty.
Who can say true market value? The best way to determine the true market value of the property you intend to buy is to contact the sub-registrar of the jurisdiction where the building is located. Don't ask real estate agents because they can usually mislead you.