How to save yourself from Property Fraud? | Tips by Rajwant Singh Sir | Property Investment Tips
Channel: Property Gurukul
Date: 2023-03-23

Following are some general tips by Rajwant Singh Sir, to save yourself from Property Fraud:

1) Verify the property: Before purchasing any property, make sure to verify its ownership and title through appropriate government authorities. You can also consult a lawyer or a real estate expert to help you with the verification process.

2) Check the seller's credentials: Verify the credentials of the seller or the builder before investing in any property. Make sure they have a good reputation and have completed similar projects successfully in the past.

3) Investigate the property's history: It is essential to investigate the property's history, including its past ownership, pending legal cases, and any outstanding debts or taxes. This information can be obtained from the local municipal office or the registrar's office.

4) Review the agreement: Carefully review the sale agreement before signing it. Ensure that all the terms and conditions are clearly stated, including payment schedule, possession date, and any penalties for late payments.

5) Avoid cash transactions: It is advisable to make payments through cheque or online transfer and avoid making any cash payments. This will help you maintain a record of all your transactions and protect you in case of any disputes.

6) Get a lawyer's assistance: Always seek legal advice before investing in any property. A lawyer can help you understand the legal implications of the agreement and protect your interests.

By following these tips, you can protect yourself from property fraud and make a sound investment in real estate.

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Rajwant Singh Mohali is a Real Estate Coach, an author, a Financial Educator, and a motivational speaker. He may be contacted as a consultant for mega projects, land development, and the legality of documents pertaining to the property.

Rajwant Singh Mohali, THE DIRECTOR AT PROPERTY GURUKUL, has more than 28 years of practical experience in the real estate business. He has written Property Karobar se Khushhali is in 3 languages i.e Hindi, Punjabi, and English, and the 2nd book is Property Guru which is in Punjabi. Not Mad So bad, Property DNA is among his other books.
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