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Real Estate Forum on Property Selling

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Q: I am staying in abroad and planning to settle down here that why want to sell off my property in Bangalore, India. What is the documentation and legalities need to done?
Latest Answer: Hi Akash, I can help you in selling this property.
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Q: In 1999, my mother-in-law executed a Will in which she had given her land to my wife and her younger sister with a condition that they will get the the ownership and rights after her death only. My mother-in-law expired and now my wife want to sell the property and buy another property in Hyderabad. Can she selling the property on the basis on the existing will or she need to get a fresh document registered which shows her as the sole owner of the property?

Latest Answer: yes, you can surely sell the property without any freshly registered documents. but you also said that your wife's sister is also in name for the property. if it so then you need to make a document stating that she doesn't have problem selling the property.
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Q: I had taken a home loan on a property and still there is some outstanding amount to be paid. Can I sell the property in this case?
Latest Answer: If the buyer wants to take a loan to purchase the property then it is much easier if he approaches the same bank. Then the lender does not need to release the title papers to another lender before getting the payment.If the buyer wants to make an outright payment- he can make the payment out to the bank directly based on the consent letter. And the balance amount will be paid to you. The property papers will be released only after the bank has recovered the entire amount including prepayment charges.
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