Purchasing a property is a huge task. When you are
putting so much into it, be certain that you have all the official papers that
are obligatory. The list of official papers that you need is big, but let us
try to stick to the official papers that are very essential. Here are some of
the legal documents that you need for purchase or sale of property:
·
Title deed or Sales deed
The sale deed talks about the sale and handover of
possession of the property from the seller to the buyer.
This deed has to be registered in the Sub Registrar’s office. This deed is also
required for home loan applications and if you are looking to sell.
·
Encumbrance
certificate
This document will let you
know about the background history of the place in the account. It will convey
if there are any payments or claims contrary to the property. Buyers are
expected to trust you if this certificate is all clear.
·
Building plan
The building plan
documents will be in support of the approved property. It will let you know if
your building plan is as per the rules and regulations.
·
NOC
The building must get a no-objection
certificate from all the government bodies like electricity, fire, water and
many more. If your building doesn’t have a NOC, then you would not be allowed
to use those services.
·
Tax Receipts
If you are purchasing a property that is being
re-sold, look for the property tax receipts for a period of three years.
It is a tough task to keep all these things right.
So, if you are thinking of selling or buying any property, then get in touch
with Philadelphia Signature Properties for the best ever experience. They are
considered as one of the top real estateagent Philadelphia. Check out Philadelphiahomes for sale and start living in your dream property.
