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 ITS 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
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