Gather Some Information About The Paperwork Before Buying A House

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signing the deal to buy a home


Every person wants to be the owner of his or her Dream Home. However, for every person wanting to buy a house, it is essential to know about the paperwork that needs to be done in order to fix a Real Estate Deal. Just finding the right home is not enough; one needs to do a lot of documentation before getting the ownership rights to the property. This write up aims to make it easier for prospective buyers to manage the property documents.


Documents For A Home Loan: The first step to acquiring a home for any salaried person is to apply for a Home Loan. There are some documents that the banks or other financial institutions ask for before sanctioning Home Loans. The following papers with completely filled Application Form need to be submitted:


  • A Photo-Identity Proof
    • Driving license
    • Passport
    • PAN Card
    • Ration Card
    • Letter from a recognized Government authority
  • Income Proof - For Entrepreneurs
    • Brief description of business
    • Papers of Tax Returns
    • Registration Papers
    • Copies of balance sheets
  • For Salaried Individuals
    • Pay slips
    • Appointment letter
    • Taxation documents

Documents Required While Buying A Home: There are a few papers that you must collect from the seller before signing the deal to buy a home. These documents ensure that you do not get cheated. Also it is intelligent to get these documents checked by professional experts. The list of the documents includes:


  • The Original Property Agreement Document
  • Property Title
  • The Document as per the Urban Land Ceiling Act
  • Commencement certificate (issued by the Municipal Corporation of the area)
  • Other documents as per the nature of the deal and the specific property laws of the region where property is located

The best way to complete the paperwork on time is to take assistance of reliable Placement Advisors. There is no dearth of Property Agents that offer assistance to people. However, one should conduct an online search properly and rely on a company that has a unique online identity and maximum visibility on internet.

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7 Comments

  • Admin

    property for sale victoria park

    28 May, 2012 at 7:10 am

    This post very informative. Before buying a house these points should be kept in mind as the paperwork is very important.

    Cancel Reply

    Yes, right collect Information about the paperwork before buying a House

  • Admin

    Amith

    19 March, 2012 at 12:43 pm

    your point wise description is very good skill. Keep Updating

    Cancel Reply

  • Admin

    globalpageindia

    17 March, 2012 at 8:27 am

    Thank you so much for such a informative post. This post will sure help the person who is planning to buy a new House...

    Cancel Reply

  • Admin

    Debt Solutions††††††††††††††††††

    14 March, 2012 at 10:49 am

    Yes, taking assistance of consistent placement advisors is really important to complete the paperwork on time. If not with the rush we might miss many things and everything will be in a big mess. Iím also in a process of buying my own house so Iím surfing around the web to grab some information. This is a great assistance for my information.

    Cancel Reply

  • Admin

    Findghar

    13 March, 2012 at 12:57 pm

    Nice! Great post ! Thank you.

    Cancel Reply

  • Admin

    EJ Man

    13 March, 2012 at 7:02 pm

    Buying a house is a great goal for the New Year. Make sure that resolution has some back up with a life insurance policy. You can get a quick and easy quote from IntelliQuote in just minutes.

    Cancel Reply

  • Admin

    Findghar

    09 March, 2012 at 9:49 am

    I really liked your post , Keep up the good work..

    Cancel Reply

    Thanks for such a nice information.

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