12 Guiding Principles For Sellers

12 Guiding Principles For SellersOver the years, DHA has grown into one of the best, most prestigious and largest residential estate of the country which offers a fine blend of quality and modern living experience. Through a well-managed and regulated administration it provides the best educational, recreational, cultural and civic facilities in an aesthetically dynamic environment.

If you are looking to sell your property in DHA Karachi, here are the 12 guiding principles for sellers:

  1. First take a decision whether to sell the property or not. If the financial requirement can be met with out disposing off the property, then do not sell it as the property value continues appreciating with the passage of time. Selling can also be dictated by investment in lower cost properties for real capital value additions.
  2. Once a decision has been made to dispose off the property, contact reliable sources to find out its existing market value. Do not give the plot number; instead just give the belt, street, phase and the size of the plot i.e 3rd belt, Street No.15, Phase-VIII Measuring 500 sq yds.
  3. Find out from friends, colleagues and other sources about contacts of reputed property agents. Once the approximate price value is determined, contact the best property/real estate agent and task him for the demand value. The demand value should be approximately five hundred thousand higher than the existing market value. Meanwhile do not contact any other agent. Wait for his response. Once a reasonable offer is received accept the offer on the condition that the name of the purchaser will be mentioned on the advance agreement in order to avoid the chances of re-sale of the deal and off-loading of property in number of hands.
  4. Never agree to transfer of property to a person who will be later nominated as it is the beginning to re-sale property in number of hands.
  5. Bind the time limit in the agreement of not more than 15 days from the day advance against the plot is received and give a definite last date i.e. 15th January 2012, after which the seller is at liberty to sell the property to any one else.
  6. Ensure to include the clause in the advance agreement that if the buyer fails to make the balance payment by last date then the advance money received by seller will be confiscated and similarly if the seller refuses to transfer the said property then he will return the double of the advance (Bayana) received. (Ensure all payments are made through bank pay order/drafts).
  7. Ask the agent/buyer to provide a photocopy of bank pay orders or bank draft for out station to seller for confirmation of ready payment at least a day earlier than last date. Get these verified from concerned banks.
  8. In case the buyer does not respond by last date make sure you present your self at DHA transfer office and get your presence recorded under the camera and give an application of complete details with a copy of advance agreement. This will help in reselling of plot and a safe guard against any legal action from unsuccessful buyer.
  9. For successful deals ask the real estate agent to deposit transfer papers at DHA a day prior to the date of transfer. Original Intimation Letter or allotment letter or transfer order has to be attached with the transfer papers. On the next working day present yourself before the DHA designated officer for “Sign Before”, ensure to carry along original CNIC and DHA membership card, also the service card in case of service personnel. You will be photographed while affixing thumb impression.
  10. After the signing before the complete set of transfer documents alongwith cancelled transfer order/allotment letter will be returned in the hands of seller, hand over the documents to buyer on receipt of payment/bank pay orders or drafts.
  11. To take special care of you, DHA Karachi provides additional security measures to sellers that inspite of signing before in front of DHA designated officer the property ownership remains your’s as long as the set of transfer documents remains in your custody. In case of dispute the property can be revalidated in your name within the specified period. However no claim will be entertained once the set of transfer documents are in possession of buyer.
  12. DHA Transfer and Record Directorate functions six days a week except 1st and 3rd Saturday of the month to provide information and address any grievances. An experienced nucleus of staff with strong professional and personal integrity bonafides are functioning with duty and service. DHA remain committed to efficient, swift and effective transfer and purchase procedure not practiced else where. This is the singular most importance reason for real estate credibility of DHA and to this end remains its commitment. Public dealing is very sensitive subject where every one expects to get priority over others. However best efforts are made to take care of every one with the motto “To ensure each visitor goes back satisfied if the work is legal and within the rules regulations”.


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