Planning to sale your property? Get started now.
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Reselling your property with PropMart can help you save time, money, and stress, by handling all aspects of the sale process and allowing you to focus on other aspects of your life. Reselling your property with PropMart can offer several benefits, including:
- Large Network Of Potential Buyers
- Team Of Experienced Real Estate Professionals
- Property Listings On Its Website, And Local Advertising.
- Get The Best Price For Your Property
- Handling The Negotiation Process Efficiently
- Complete Legal Compliance Support
FAQs
Letter of allotment, Sale deed, Sanctioned plan, Encumbrance certificate, Sale agreement, Title of the Property and Encumbrances, etc
- Deciding to sell and choosing an property advisor. Advisor will be in charge of advertising, showing and completing the legal requirements of selling the property. Make a plan for listing, showing and selling your property.
- Determining the selling price and property inclusions come next. Property’s location, size, age, and features will be assessed, According to the current market and area trends.
- Agreement with your advisor. This legally binding contract will detail any commissions, the estimated sale price, duration of the agreement, advertising costs, process.
- Prepare the Vendor’s Statement for your property and the Contract of Sale through your solicitor or conveyancer. These will include all the details prospective purchasers need.
- Advertising and showing your property. This generally involves photographing your property, drawing up floor plans and writing your online ads.
- Sale and negotiation. Advisor will auction your property or mediate between seller and buyers to reach a mutually acceptable price. The buyer will then pay a deposit.
- Under contract. Both seller and buyer’s lawyers and banks will work out the details of the sale to ensure both parties meet all legal and financial requirements followed by the settlement day.
- Under ‘Freehold ‘ ownership, the property and possession are with the owner of the property.
- In the case of leasehold property, the owner of the property transfers the right over the property and its possession for a specified period of time and the Owner is called the Lessor and the other party, the Lessee. The ownership and possession are automatically transferred to the Lessor on expiry of the lease period.
- Under Power of Attorney, the owner of the property appoints another party to deal with the property, normally for sale of the property, while the ownership and possession is retained by the owner.
Capital Gains are exempt if a person purchases a new flat within two years of the date of sale of the original flat and invests the entire amount of capital gained into the new flat. However, the same is subject to the provisions of the Income Tax Act, 1961. Customers are requested to consult his/her Chartered Accountant in this regard.