Independent House For Sale In Vijayawada City

1. Independent House For Sale In Vijayawada City Investment in a property is a big decision since it involves a lump sum capital investment. Any mistake or any omission in the buying process can push you to deep trouble or financial loss in the future. This makes it important for you as a buyer of an independent house for sale in Vijayawada city to take due caution while buying the property and inspecting the property documents. A piece of land is a physical asset, perhaps the most lucrative asset but no one can claim its ownership without valid documents – not even the Government. When you have decided to buy an independent house in Vijayawada, cross-check the legal documents regarding the property and become the proud owner of the property. Your priorities while buying a property    Take proper legal advice Ask for some important documents Scrutinize the documents You can take expert assistance to scrutinize the documents or study a bit about the relevance of the documents and how to scrutinize them. Knowledge will keep you safe and bring peace of mind. Ultimately you are going to invest your lifelong savings, you cannot take any chance.

2. Verify the identity of the seller Your first target should be to ascertain the identity of the seller. If you have contacted a reputed developer like Andhra Projects then this problem doesn’t arise. If the seller is unknown to you check their residential status and nationality, identification, and ownership status. If the seller is a real estate company or a developer try to an organizational status like whether they are a limited or private company, partnership firm, society, or trust. This information is necessary when you are going to deal with the seller. Documents that help to ascertain the identity of the seller whether an individual or organization is Aadhaar number, PAN number, Tax return certificate, etc. When you are looking for an independent house for sale in Vijayawada city, you must check the status of the seller. Document checklist for property The following property document should be scrutinized while you decide to buy an independent house:  The property title documents: It includes sale deed, succession certificate, partition deed, gift deed, or government order as the case may be. These documents help to understand the real status of the owner.  Nature of title of the property: land may be freehold, leasehold, or have development rights. The type of title depends on the local authority and state law in this regard.  Conversion certificate: This certificate permits the landowner to develop the land for residential or commercial purposes.  Construction approval certificate: Local municipality provides this certificate after scrutinizing the plan a developer produced for the municipality. Besides, a seller must possess the occupancy certificate from the competent authority. Moreover, a developer must comply with the new Real Estate (Regulation and Development) Act 2016 (RERA). As per this act, every developer must be registered under state RERA. If you are satisfied with all these documents, you can proceed to buy the independent house for sale in Vijayawada city.