HOW TO STAY AWAY FROM REAL ESTATE FRAUD IN PAKISTAN?

Because of the rising number of property scams in Pakistan, it is very important to do your research before buying a home there. The property lawyers Associates have a lot of experience handling conflicts about property. We strongly advised our clients to do their research before buying a property in Pakistan because we deal with property issues every day. When thinking about this, some important things need to be kept in mind, such as:

IMPORTANT THINGS TO THINK ABOUT BEFORE YOU BUY A PROPERTY IN PAKISTAN

There are a few important things to think about, such as the ones below:

Whether the land in question is free of any third-party charges, liens, or encumbrances

Whether the seller has full control of the property in question

If the person selling the house has a clear claim to it,

It is important for you to know that in Pakistan, there are two common scams that sellers use to trick buyers when they sell land. The seller can refuse to accept the agreed-upon sale proceeds or flatly deny having entered into a Sale Agreement with the purchaser for the subject property. If this happens, the purchaser has no choice but to go to court to get the agreement carried out. Because of this, it is important that the Sale Agreement be written in a way that protects the buyer as much as possible. When writing the Sale Agreement, it's important to keep the facts of each case in mind. The terms and conditions of the sale must be in line with current property law, and all transactions must be made using a bank account.

In another case, a seller gives a buyer a property title that isn't complete. This title is later challenged in court by a third party, which is very annoying for the buyer. When making a deal to buy something from a seller, it's very important to carefully look over their past tax records to see how the property is currently doing and to check out their credentials.