47 Verify The Identity Of The Seller

Posted by Admin on May, 16, 2024

47 Verify the identity of the seller

47th point out of 51 checklist for the property purchaser, by 11square feet / Amit Raut

Q - Are you sure that you are not selling your property to the wrong person or buying a property from the wrong person? Knowing this is very important. You can take the Aadhar and PAN card of that particular person and check their credit score, and find out whether they are capable of buying or selling the property or not. Banks often use this method to ensure whether they should give the loan or not; they determine all these things from the civil report.

Or you can also conduct police verification.

As a new property buyer, it is important to verify the identity of the seller to ensure that you are dealing with the rightful owner of the property.

The first way is to check the title deed of the property. The title deed is a legal document that lists the owner of the property.

The second way to verify the identity of the seller is to ask for identification documents such as a driver's license or passport. If the seller is not willing to provide these documents, there is a possibility that they are hiding something, and you should not proceed with the purchase.

There have been cases where people have impersonated the owner and tried to sell the property to unsuspecting buyers. By verifying the seller's identity, you can ensure that you are dealing with the right person and can avoid any fraud.

To understand the points of the next 4 checklists, stay with us and follow 11 square feet! If you like the video, be sure to share it further, and save this video now to avoid future losses when buying property!

This entry was posted on May, 16, 2024 at 15 : 25 pm and is filed under 51 Checklist Point. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response from your own site.

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