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While selling a commercial
property, the legal authorities like police station and
government should be informed about the transfer of
ownership of the property to another person. Again the
transactions are to be legal in presence of a lawyer.
The seller should make sure that the property he is
selling should not be used for illegal purposes later
on.
The best way to make sure is a legal agreement with
clauses defining the subject and limitations of the
property. The payment should only be done after all the
terms and conditions of both parties are agreed upon. On
the commercial front also, there are lesser formalities
on the seller’s side than on the buyer’s side.
If a real estate agent is involved in the transaction
then the background of the estate agent should also be
known by both the parties along with his contact
details. It should also be agreed that who will pay the
share of the estate agent, the seller, the buyer or
both.
The transactions and talks should be done directly with
the buyer in presence of the estate agent. The agent
should never act as the bridge between the buyer and the
seller. He may then use the opportunity to his benefit.
Sharpness is the key factor in this whole business of
selling and buying of property.
commercial properties
in India >
Bangalore
Mumbai
Pune selling property
buying properties
selling property
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commercial properties
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selling commercial properties
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residential property
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