Lahore Real Estate Forum

Start NEW Topic Or Post Advertisment

                                                          
 
Back to Forum |

Lahore Real Estate Forum: Property News & Community Talk : ,

(99332)
   Overseas Seller
Wednesday, April 13, 2016 11:19 AM 
Reply: >
I am selling my DHA phase 7 plot and am in contact with a dealer (whom I did not know before). He gave me verbal offer only on telephone and is asking for copy of all documents to make a deal with prospective buyer.
Is it safe to send him a copy of documents?
What is the procedure to confirm a deal before coming to Pak for transfer formalities.
dubai replied on Wednesday, April 13, 2016 11:49 AM 

there are many things that can go wrong here. if dealer is authentic and trustable then no issues but if new then plz dont sign biyana as most probably dealer would be doing biyana and try to find a buyer at a higher price and if he fails to do so he will delay the payment and yu cant run of yu already have signed biyana.
Subcon replied on Wednesday, April 13, 2016 12:29 PM 

Never EVER give any form of copies over to them. You can call them to come over for inspection if needed but never hand them anything. They use these documents as evidence in the court and take stay on your property!
Overseas Seller replied on Wednesday, April 13, 2016 01:25 PM 

Appreciate your advise.
The dealer is saying, "without copy of documents in his hand how a buyer will confirm the deal. Aise nahin hota."
What is the safe procedure for both buyer and seller?
syed replied on Wednesday, April 13, 2016 01:34 PM 

those who have something solid do not give excuses like this , though his niyyat may be right this time according to current buying/selling trend in market but things in finalizing deal in these type of cases can go wrong and dealer can take stay on this documents better avoid , direct meeting with buyer seller or known dealer or trusted halafnama or stamp favoring you .
dubai replied on Wednesday, April 13, 2016 05:01 PM 

I dont think they can get stay on photo copy. stay is only granted incase of a signed legal document like biyana
HassanHC® replied on Wednesday, April 13, 2016 06:40 PM 

No worry simple do token only and don't do biana if in doubt. And do direct transfer. Giving copy of ownership is a norm.
Rai replied on Thursday, April 14, 2016 05:00 AM 

I dont get it how can somebody who has no stake in your land can take stay on a photocopy of ur ownership??? no way !!!! only biana on a stamp paper is a legal document that can assist in stay.
Shahzad.Sheikh replied on Thursday, April 14, 2016 06:07 AM 

Dear Friends,

As I have the same scenario, let me put some light on this Documents.

The Documents are required to be assure that the buyer will be convince and seller will not run away.
Second, it is 3 forms together which will be signed by the seller.

1- NDC Letter available on DHA Website.
2- SITE PLAN
3 - To check any dues on the plot.

Please do not worry if you are really interested to sell.

This is the right of the seller to hold u for 1 month.


THE NDC will be expires after one month if agent could not find a buer.

And, lastly. If you find a buyer yourself, you could not get the deal done with any other agent (as the validity of NDC is 30 days).

I hope I clear few questions.
Amar replied on Thursday, April 14, 2016 11:33 AM 

Dear readers,
To my knowledge, NDC validity is for 3 months. I am an overseas and was in Pakistan in Feb 2016. I applied for NDC myself. It was just one hour procedure. As soon as it was on their system, they asked me to bring the buyer and after payment of dues, do the sale deal in front of the officer.
>