Legal Issues Sellers Should Keep in Mind When Selling a Property

[Jegan]

I’m planning to sell my property and want to make sure I cover all the legal bases. What should I be aware of?

• This topic was modified 7 months, 1 week ago by gaichermaickel.

[Femina Zuvariya]

Verify that the property title is free from liens or disputes, and obtain a clear title before proceeding with the sale.

[Sheela Rani]

You may need to disclose any known defects or issues with the property to the buyer to avoid legal trouble later.

[Venkata Krishna]

Draft a detailed sale agreement outlining the terms of the sale, including the price, payment terms, and responsibilities of both parties.

[Bijoi Immanuel]

Make sure you follow all local laws and regulations regarding property sales, including obtaining necessary permits or certificates.

[Karnan]

Be aware of any property taxes or transfer fees that need to be settled before or during the sale process.

[Shekar]

Ensure that the buyer’s offer and terms are clearly understood and legally binding before accepting.

[Arul Raj]

Perform a title search to confirm there are no unresolved issues with the property’s ownership that could affect the sale.

[Manikandan]

Having a lawyer review your documents and guide you through the sale process can help prevent legal complications and ensure compliance with all requirements.

[Malavika]

Familiarize yourself with the escrow process, where funds are held by a third party until the sale conditions are met.