Buy sell properties in Pakistan

Selling property is always easier than buying – or so it seems. Property sellers usually do not have to pay different kinds of taxes and they also don’t have to visit multiple clients because interested parties, more often than not, come to them. However, this does not mean the process is simple. It may be more straightforward than purchasing, but it is certainly no mean feat. In this piece, we will be covering everything there is to know about how to sell property in Pakistan. HOW TO SELL PROPERTY IN PAKISTAN AND IT’S TRANSFER PROCEDURE The property selling process in Pakistan is somewhat the same across all housing societies, with minor prerequisites set by individual developers. The question most people ask is how to transfer property ownership in Pakistan? The transfer process takes place in the office of the city’s land development authority. For projects that belong to private and registered developers, the transfer takes place in their office.

There are a few things to keep in mind when you are selling property in Pakistan. These are as follows: Preliminary research and finding an agent Agent’s commission Token money Initial deposit No-demand Certificate (NDC) Taxes Transfer letter Let us explore all of them one by one in greater detail. PRELIMINARY RESEARCH AND FINDING AN AGENT When you decide to put your house on the market, it is advisable to explore the market rate of the property on your own instead of depending on the agent. Knowing the worth of your property in the market will help you set the right price. This practice is beneficial for both the buyer and seller. When you make up your mind about selling your property, do a counter-check from other sources to get accurate market rates. This part requires a lot of effort on your part, but it pays off in the long run.