How to BUY PROPERTY IN LAHORE – step by step guide

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Buying a property in Lahore is not always easy: it can be challenging for a first-timer to buy a property without any hassle. After all, there are so many procedures, steps, and requirements, you need to know before making an expensive mistake.

The process of buying a property in Lahore includes more than just viewing the location. You also need to review your credit and financing options, find the right real estate agent, make offers and negotiate, verify, deal finalization, verify the transfer letter, and eventually, make through the deal.

Where to start when to buy a property?

At the outset, there are certain things to consider before buying a property how much you want to spend, where you’d like to live and what certain things are of prime importance for you as a buyer.

Here are a few queries to ask yourself:

  • How much property can I afford?
  • How much do I have saved for a down payment/booking?
  • Can I afford my desired neighborhood?
  • What is the current property value of the area?
  • How long will my commute take?
  • Is it within walking distance of amenities and activities?

Once you have the answers to these questions nailed down, you can follow these measurements.


Buying a property in Lahore – HEART of PAKISTAN

Lahore – a prosperous cosmopolitan, second largest city – is known for its rich art & culture, architectural and phenomenal history, where every nook, corner, building, and street is steeped in the history and has a story to tell.

Being a centerpiece of Punjab, Lahore’s real state sector has got stellar repute. There are so many projects you can invest in, some are budget-friendly, like Dream Housing Society, some are costly but hold real worth. But how could you buy a property in Lahore and avoid misfortunate scams?
Here are the necessary steps you need to consider for buying a property in Lahore.

1- Search before you buy

Search is what saves you from making an expensive mistake. Whether it’s about buying a plot, house, or apartment – make sure you do your research. To make things seamless and hassle-free, consult a REAL real estate agent.

2-Find Actual Worth of Land

Landlords grow rich in their sleep as it’s the only investment that gives fruitful returns. Before taking things ahead, make sure you get the actual value of the land. Perhaps finding the real value is a challenging task – but you can get real-time assistance from professionals, development authorities to get the right sum.

3-Have a Right Agent On your side

More than 200 societies have been based in Lahore alone. With thousands of registered and the same sum of non-registered agents – finding the right agent is just like searching for a needle in a haystack. If you want everything to be smooth and seamless, you invest in a good real estate agent.

Etihad Marketing is known for its exceptional real estate professionals, seamless and secure processes, and well-timed transactions. To avail of our services, visit Etihad Marketing, fill in your details on the website and let the experts handle the rest.

4-Access the property

Visiting and surveying the land is crucial before getting into the deal. Make sure to view the exact property – as some people are misguided by showing them pictures of some other property and selling them a different property.
Stay watchful and make sure everything is authentic.

5-Verify registry/ allotment/ transfer letter

When a property is transferred to a new owner the seller and buyer have to complete the necessary paperwork to reflect the change. This documentation varies in public and private housing projects like registry, inteqaal, society allotment letter, and transfer letter.  However, it is necessary to ensure that the plot is transferred and registered with your name on the transfer list.

6-Negotiate Property Price

Negotiation is the most powerful tool when making an offer on a property. The first step to negotiating is to evaluate the value of the property or the land that you are interested in buying. Often, real estate agents and property sellers are among the best negotiators. Why? The more information you have about the respective property, its area, and nitty-gritty detail, the better offer they can make.

7-Token money

Token money or token amount is a small amount of money that the sellers have to pay the buyer as an assurance for the transaction. Token money varies from case to case and this step is taken after mutual consent has been established between buyer and seller.

8-Sale Agreement –  a legal binding

A sale agreement is a legally binding contract that governs the purchase and sale of land or property. It’s made between buyer and sellers, it defined the terms of the transaction and the conditions under which a sale will occur, and it’s more simple than a simple transfer of ownership.

Always Hold Copy of Sales Agreement

When you are about to transfer the land or property under your name, make sure you ask for a copy of the sales agreement. It doesn’t seem necessary for you to ask for a copy but these documents will be helpful in the future. The copy of the sales agreement comes with important credentials such as the amount you have paid, check numbers, pay orders, or cash amount. It also contains the details of the property along with other details

Once you have done with the paperwork, you can claim the respective property without any hurdle.
Buying a property in Lahore comes up with great risk, however, you can take the above-mentioned steps into consideration to successfully make the deal.

For the best deals on fully spacious commercial properties, houses, plots, files, farmhouses, commercial plazas buildings, and rental properties in DHA (Defense Housing Authority), Call Etihad Marketing, Book a Site Tour with Us, and Let us be your helping hand in buying the rest.