A checklist to keep in mind to make sure if a housing project in Pakistan is safe to invest in:
The first question that comes up when planning to purchase property is if a housing project is safe to invest in. If it falls within the administration of municipal authorities like Capital Development Authority (CDA), Karachi Development Authority (KDA), and Lahore Development Authority (LDA) or under a regulated administration body like Defence Housing Authority (DHA) or the Pakistan Armed Forces (PAF), then it’s bound to be a safe investment opportunity.
Concerns of customers:
Customers worry about the trustworthiness of Real Estate agencies and their communication gap with the agent. There are still many people facing communication problems with their agents like late replies, language barriers, insufficient knowledge, agents not giving out the information about what the customer is asking, etc.
Find a trusted Real Estate agency for safe investment:
To achieve and maintain success in real estate requires knowing what the customer needs and how to get it for them. A real estate license can get you in the door, but the agency which gets the business will be the one with all the other attributes that the customer wants.
Below are the skills and qualities of real estate agencies that actual home buyers and sellers said they valued:
● A strong Knowledge Base
● A Good Reputation
● A solid understanding of what the Client Wants
BME is the Top Real estate investment in Pakistan, Trusted by Park View City, Nova City, Taj Residencia, Eighteen & several other projects in Islamabad. To invest safely, please contact: 0300-810-8084
Safety precautions to take before buying property or real estate in Pakistan:
Before buying property in Pakistan a complete and thorough probe in respect of the title of the seller to the real estate must be carried out. General practice is to investigate the title of the current seller and any previous owner. Original title document in favor of the vendor must be obtained along with other relevant documents including mutation in favor of the vendor, a fresh copy of fard, aks share, and no-objection certificate or non-encumbrance certificate as the case may be. If the vendor is selling the property in the capacity of an attorney of the owner then it must be ensured that the power of attorney is duly registered with the relevant sub-registrar. A holder of a forged and fabricated power of attorney is not at all able to transfer a valid title in an immovable property to a third party.
Which projects are safest to invest in Islamabad? Click the link below:
Documents to inspect before purchasing property:
Before purchasing a property from a company you should verify from the Registrar of Companies at the Securities & Exchange Commission of Pakistan that the property is not mortgaged or is not being used as a security against a loan, otherwise, it will not be considered as a freehold property. In addition, check the memorandum of association that who is authorized to act on behalf of the company for selling the property, if the resolution is required then the same must be passed and verified. Further, inspect original title documents from the selling company.