Quote:
Originally Posted by usmandodhy
Hi,
As per the RERA policy the money from the seller would be safe with the dealer and will be transfered to buyer once the ownership would be completely transfered.
Reason: This is because, in some cases it happens that the buyer get the initial payment at the time of booking (10% in most of the cases) and then if the buyer had to go to his country and somehow wont be able to come back early so in that case the deal doesnt work out well.
In order to make deals in the better way RERA has identified this policy.
So, if the your dealer is the RERA certified dealers, you can definitely trust him.
Regards,
Usman
|
Actually u r right Usman, but I think even registered dealer or agents are unable to ensure that seller will stick to his initial commitment,prices keep changing and speculators make them feel that the property is worth more than what he s selling for, I m quoting this becos lastly we came across some cases where buyer changed his mind at the last moment.this is what makes it difficult for real estate agents in dealing for secondary market.