Five smart things to know about real estate terms

by Paul Joseph on November 19, 2012 · 0 comments

1. Down payment is made to the builder to confirm the purchase decision. It typically represents a percentage of the full purchase price. It could be non-refundable if the deal falls through. 2. The sale deed is the agreement between the seller and the buyer and is proof of transfer of property to the buyer. It is signed by both the parties and also by a minimum of two witnesses along with all their details. 3. Stamp duty is the tax levied by the state government on the agreement value or the market value, whichever is higher. It is payable by the purchaser and may vary across states. 4. It

[via India Properties – Real Estate India – Indian Property News Site]

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