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LAW POLICIES IN REAL ESTATE MARKET

By February 4, 2019 No Comments

Real Estate industry pplays vital role in various aspects which include selling and buying of property, land, buildings and the natural resources (crops, minerals, or water etc). Currently, there are numerous businesses involved directly in real estate such as (Residential, Commercial and Agricultural). However, the major types of businesses that are involved in real estate are either operational (property management, asset management, loan servicing, etc) or transnational (brokerage, title, underwriting, etc).

In this era, there are several countries of the world that are doing real estate buying and selling the business. With their respect it is necessary for every country they are strictly follow the law polices as per government same like other countries in Pakistan people are following government laws in real estate industry for instance “Property Act 1882”  and other laws. However, as per smooth realty transaction, it’s necessary for every citizen of Pakistan for following rules and regulation as per government policies

Several laws that are obligatory in term of buying and selling the business in Real estate market Pakistan

ACT OF REGISTRATION 1908 AS PER GOVERNMENT POLICIES

1908 law was identified for the registration policies of the state market and it consist of fifteen sections. According to this law, you can find all the requirement of registration. This law also clarifies the registered properties and its inclusive law which guide a layman in a variety of aspect so it’s obligatory for Pakistani citizens

1899 STAMP ACT GOVERNMENT LAW

This law is formulated as per the demand of buyer and sellers as per a certain aspect of government for instance legal agreements or contracts in the state market of Pakistan. According to the stamp act of 1899 buyer and seller can legally validate their properties. However, the cost of stamp paper depend on the economic circumstances of the country

 

1967 ACT AS PER GOVERNAMENT POLICIES

1967 act is the land revenue act and it’s formulated as per complete hierarchy of land and revenue development in Pakistan. According to this act, you can acknowledge the clear guidelines of land revenue. Major critical scenario like conducting surveys, boundaries also instructed as per land revenue act

1882 ACT AS PER GOVERNAMENT POLICIES

In Pakistan, property purchasing has never been risk free. However, it’s necessary for people during property purchasing carefully check the property title and seller detail before the transaction. As per act of 1882 people take guidelines in term of every scenario regarding real estate

FUTURE STRATEGIES

Furthermore, the most successful real estate agents are looking for new ways to grow their businesses. (Digital and web development) is essential for real estate success and there are countless ways to customize online presence to meet the goals. In the modern era, about 90% of buyers search for properties online before they look anywhere else. Business virtually becomes invisible to potential clients by not having a web presence. Conversely, having a website is cost effective advertising and makes a real estate business readily available to anyone who conducts a quick web search.

Digital Marketing of Major Social Sites like Twitter, LinkedIn, Facebook and Instagram help real estate professionals communicate with consumers, post images and information about new properties for sale, and give people real-time information. Using these social networks, real estate investor can generate a lot of great prospects online. Digital Marketing furnishes quick communication which keeps a real estate investor’s listing fresh and can attract new clients. Digital Marketing should not only involve in posting about available properties and showings but also highlight relevant local articles and media. Hence, online presence is essential for success in the modern REAL ESTATE MARKET. Digital and web presence are an excellent place to share real estate content, and drive traffic back to the website

 

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