LOST YOUR PROPERTY DOCUMENTS

LOST YOUR PROPERTY DOCUMENTS? HERE’S WHAT TO DO

Property paperwork is required for the sale and acquisition of your asset. But, if you've misplaced them, here's what you need to do to request duplicates.

If you want to buy or sell your home, you must have the original documents for the transaction to go successfully. Naturally, the seller must retain all of this paperwork in a secure location. However, catastrophe can strike and you may misplace or lose your original paperwork. As a result, you will need to devote considerable work and resources to collecting duplicate papers.

Make an FIR – The owner should go to the police station and file an FIR (First Information Report) saying that the original paperwork for the property has been misplaced, lost, or stolen. He or she is required to receive a copy of the complaint. Even if the property is mortgaged and the bank misplaces the documentation, the owner must file an FIR. The buyer should ask the seller for a copy of the FIR. Based on the police complaint, the owner can apply to the housing society for a duplicate share certificate, which can be obtained by applying to the society meeting. If the application is approved during the management committee meeting, the housing society may charge a fee to issue a copy of the share certificate.

Send out a notice – To report the documents missing, the owner must also post a notice in both an English daily newspaper and a regional newspaper. The owner can place such notice and use it to summon any property claimants within 15 days of the notice appearing in the publication.

Create a task on stamp paper – The owner must obtain an assurance on stamp paper stating that the original documents have been lost. The undertaking should include the property's specifics, what was printed in the notice, and the police complaint number. It should also indicate unequivocally that all of the details stated in the endeavor are correct. After that, the document should be attested, notarized, and registered with a notary.

Request duplicate copies – The registrar's office, which keeps records of all transactions in its jurisdiction, can provide a copy of the original selling deed. The owner must submit copies of the police complaint, the housing society's share certificate, the newspaper notices, and the undertaking to the deputy registrar's office. He or she will also be asked to pay the applicable fees. Following that, a copy of the sale deed will be issued. If the property is older, it is advisable to obtain a title report of the document to ensure that it is free of encumbrances. To receive this paperwork, go to the deputy registrar's office, which will have all of the property's details.

Written By

Property Expert Channel

Anurodh Jalan

Jalan Property Consultant 

8801003684

For any Property related services please contact us. 

Thank You

Reasons to Buy Houses That Aren't Selling

For many homebuyers who are in a house that has been in the market for a long time it can be a blessing or a warning. Houses that have not been sold are often a red flag; There is a possibility that the reason they are not selling is not only due to a slow real estate market, but also to major structural problems. Here are some reasons to consider buying houses that are not being sold, since you may find the house of your dreams in the process. When the houses are not sold for a long time, the owners or the real estate agency become anxious. If you find a house that you really like, which has been in the market for a while, you may be able to negotiate a lower sale price, since owners are more likely to accept any reasonable offer they have. The owners may have inflated the price originally in hopes of attracting buyers who could pay more than the house is worth, but due to the labor market and selfless buyers, they were unable to sell the house for profit. Do some research to determine if the house you are thinking of buying has a reasonable price depending on the surrounding real estate market and, if it is not, consider going to the owners to negotiate a lower sale price. Having reasons why you are willing to pay a smaller amount is much easier to listen to as an owner than simply demanding a lower price because the house has not yet been sold. Second, the house may have a potential that other people have simply overlooked. Take a closer look at the house you are interested in to see if it is only minor aesthetic damage, a maintenance-free yard or other small problems are the likely reason why this house has not yet been sold. If you are not afraid of the challenge of a superior repairman and can pay the bill for some minor things that must fit around the property, you can change this house for profit if you finally decide to put it back on the market. There may be an invisible potential in a home that needs to be unlocked to make it a home. Finally, another reason why a house has not been sold could be due to its non-ideal location. It can be near an airport, port or train tracks that make a lot of noise at odd hours during the night and day, or it can simply be in a secluded neighborhood with a less than stellar reputation. No matter where this house is, it is likely that there is something worth buying, it may not be close to your work, but it has many parks and green spaces where you can walk and play on sunny afternoons. My Other Blog Links

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Don't make the value vs marketability mistake The most common mistake sellers make, especially given the current market conditions, is failing to distinguish between the actual value of their home and its current marketability. According to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, there are numerous elements that determine a home’s value, just as there are several aspects that impact a home’s marketability. While the value of a property is determined by things such as its size, features and the readiness of buyers to purchase homes of this kind, marketability is more about the readiness of the property to be sold and relates to aspects such as the home’s condition and aesthetic appeal bit.ly/2NBS9ZL #propertysolutions #properties #homesweethome https://www.instagram.com/p/B4r6sMHgD3A/?igshid=1bfeega4oui0