How to avoid fraud while buying property ?
Find Out Khasra Nomber Of Land
Before buying the land, the buyer should obtain a certificate from the Sub Registrar’s office (at least 15 days in advance) that the property is free from any loan or loan cases. This shows whether there is any loan on the property or not and if yes, then how much it is. A charge will have to be paid for this certificate.
Khasra Nomber is very important for the buyer to know about the plot .It will help to buy the right property.
Accupancy Certificate
This is an important document which must be taken from the builder, if the builder refuses to give it, then the buyer can take legal action against the builder.
Accupancy Certificate is very important for every buyer this will help to select the right property & protect you to any types of fraud so that you must take it.
Encrumbance Certificate
This certificate tells us whether there is any mortgage, bank loan, tax or penalty due on the property.
You must check this document. It is also important to verify the title and ownership of the seller.
Protect Your Personal Information
Keep your personal information safe, including your Social Security numbers , bank account details and credit card information.
Residential Permission
If you are buying land to build a house, find out, whether there is residential permission there or industrial , then do not buy land there , because a house cannot be built there.
Shred Documents
Shred important documents when they are no longer needed.
Register The Property
Register The Property with the concerned authority to establish legal ownership.
Seek Legal Advice
A property lawyer can help you avoid scams and make an informed decision.
Conduct Due Diligence
Research the property and verify its legal ownership , restriction, and encumbrances
Be Cautions of unrealistic deals
If the seller or lender is making unrealistic promises, it could be a red flag.