FAQs

FAQs - Rent or Sell

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The procedure is very simple, just follow the following steps:

  • Log-in to your account, and click the button “Add a Listing
  • From the options given choose “For Sale”
  • Select the package of your choice and click “Buy Package”
  • Fill in the required information on the prescribed format and click “Submit”
  • Your request will be reviewed by our panel and then published

The procedure is very simple, just follow the following steps:

  • Log-in to your account, and go to the “Listings” section
  • Proceed to the “Properties” Section
  • Explore through the available property options and make a selection
  • You may shortlist the options through the filter available on the left side
  • Contact with the seller through the provided contact options and negotiate.

The procedure is very simple, just follow the following steps:

  • Log-in to your account, and click the button “Add a Listing
  • From the options given, choose “For Rent”
  • Select the package of your choice and click “Buy Package”
  • Fill in the required information on the prescribed format and click “Submit”
  • Your request will be reviewed by our panel and then published.

The procedure is very simple, just follow the following steps:

  • Log-in to your account, and go to the “Listings” section
  • Proceed to the “Properties” Section
  • Explore through the available rental options and make a selection
  • You may shortlist the options through the filter available on the left side
  • Contact with the owner through the provided contact options and negotiate.

You need to have the original Sale Deed, Title Deed, Relevant Tax Receipts, and Encumbrance Certificate.

Paying the rent is never a good option if you can have your own property. The rents are expenses whereas having your own property is considered an investment; therefore investment is always better than making regular expenses.

No, there is no limit to that.

You may have as many properties as you can afford. The important thing is to be legal, registered, and declared.

Yes, it is.

It not only helps you avoid ambiguities, but it also helps you in getting a better price for your property. After all, a buyer would always prefer a registered property.

Of course, Yes.

Inspecting a property physically always helps in making a confident decision. We at C-AFRICA always suggest the buyers inspect all kinds of properties prior to purchase. The purchase decision for any Real Estate Asset is always tough, the process of inspection and comparison ease it for the buyers.

You may grant Special Power of Attorney to someone of your trust to execute the deal on your behalf. However, it is important to understand that the responsibility of all associated matters lies upon you. It is also important to mention that all relevant documents have to be produced at the time of deal.

Power-of-Attorney (POA) is a legal document that grants the power/authority to one person on behalf of another person. The authorized POA can have full or limited authority to make legal decisions on behalf of the owner.

The day on which the property is handed over from the seller to the buyer is called the settlement day. In other words, the keys are handed over to the buyer. This is done through the solicitor after the completion of all necessary documents.

Property Valuation is the process of carrying out the actual value of the property for a specific period of time through a Licensed & certified Valuer. On the other hand, an Appraisal is the opinion of the Real Estate agent about the value of that property.

The profit gain through keeping the property for a specified time period prior to sale is called Capital Gain. For example, you purchase a property at 100,000$ and then sell it after one year 105,000$, your capital gain will be 5,000$.

If a property is held for less than three years prior to sale, it is considered as a Short-Term capital asset and the gain earned would be termed as Short-Term Capital Gain.

The property held for more than three years prior to sale is considered as a Long-Term capital asset and the gain earned would be termed as Long-Term Capital Gain.

Contingencies in a Real Estate contract are the clauses defined as conditions to that contract. In other words, these are the “What ifs” of the contract. It becomes the part of a contract when both parties, the buyer and the seller, mutually agree to the terms and conditions defined for this purpose.

The time it takes to sell a house is completely unpredictable, depending upon the circumstances it may take more days than you think, therefore it would be ideal to sell your property and then look for a new one. It will also help in avoiding any unnecessary sale contingencies, and you will have a better idea of your budget available for the new purchases. For the interim time period, you may avail of a rental option for your living.

It is basically the upfront money from a buyer to show his seriousness and interest to the seller. This money is deposited into an escrow account and treated as a down payment most of the time. The Earnest Money binds the buyer in an agreement and it is forfeited by the buyer if he/she fails to carry out the terms of the contract.

Expenses incurred for the transfer of a property is called Closing Cost i.e. recording fees, documentary, fees, taxes, real estate commission, title insurance, and settlement fees. These are negotiable charges as to who will be responsible for their payment, the buyer, or the seller.

It is a general perception in the real estate business that a Realtor is the same as an Agent. However, it is a wrong perception, because Realtor is the name of professionalism, ethical approach, the educated thought process, and well-researched working. On the other hand, an agent is a salesperson who generally pursues the goal of maximizing the profit for himself and his company only.

  • Possession Letter
  • Registration and stamp duty receipts (in original)
  • Title Agreements & Building Plan Approvals (copies)
  • Clearance certificate for utility charges and property taxes
  • NOC from the Society or other concerned body
  • Sale Deed
  • Encumbrance
  • Certificate
  • Building Plan Approvals
  • Occupancy Certificate
  • Latest tax receipts, and
  • Possession Certificate

The rent agreement is usually registered for up to 11 months that means it is considered to expire after 11 months. However, both parties (tenant & owner) may extend the tenure with mutual consent. Usually, the increase in rent in such cases is 10% but it depends upon the stakeholders if they want to fix it at a negotiable rate.

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