Prop Finder

About Prop Finder

Buying Property
Purpose: Acquiring ownership of real estate, such as residential, commercial, or agricultural property.
Key Steps:
Research: Identify the type of property (house, apartment, land, etc.) and location.
Budget: Determine your budget and arrange financing (e.g., home loans).
Inspection: Visit the property to assess its condition and suitability.
Legal Verification: Ensure the property has clear ownership, no disputes, and proper documentation (title deed, tax receipts, etc.).
Negotiation: Discuss the price with the seller and finalize terms.
Agreement: Draft a sale agreement and pay an advance.
Registration: Complete the sale deed and register the property with the local authority.
Costs Involved: Property price, registration fees, stamp duty, legal fees, and brokerage (if applicable).
2. Selling Property
Purpose: Transferring ownership of property to a buyer in exchange for money.
Key Steps:
Valuation: Determine the market value of the property.
Marketing: Advertise the property through agents, online platforms, or local networks.
Documentation: Ensure all property documents (title deed, tax receipts, etc.) are in order.
Negotiation: Discuss and finalize the price with potential buyers.
Agreement: Draft a sale agreement and collect an advance payment.
Registration: Execute the sale deed and transfer ownership to the buyer.
Costs Involved: Agent fees, legal fees, and any pending property taxes.
3. Renting Property
Purpose: Allowing a tenant to use the property for a specified period in exchange for monthly rent.
Key Steps:
Listing: Advertise the property for rent through agents or online platforms.
Tenant Screening: Verify the tenant's background, employment, and references.
Rental Agreement: Draft a rental agreement specifying terms like rent amount, duration, security deposit, and maintenance responsibilities.
Handover: Provide the tenant with possession of the property.
Costs Involved: Brokerage fees (if applicable) and maintenance costs.
4. Leasing Property
Purpose: Similar to renting but typically involves a longer-term agreement (e.g., 3-10 years) and may include commercial or industrial properties.
Key Steps:
Negotiation: Agree on lease terms, including rent, duration, and renewal clauses.
Lease Agreement: Draft a legal lease agreement outlining all terms and conditions.
Registration: Register the lease agreement with the local authority if required by law.
Handover: Transfer possession to the lessee.
Costs Involved: Legal fees, registration fees, and maintenance costs.
Key Differences Between Renting and Leasing:
Duration: Renting is usually short-term (months to a year), while leasing is long-term (years).
Flexibility: Renting offers more flexibility for both parties, while leasing involves stricter terms.
Important Considerations for All Transactions:
Legal Documentation: Ensure all agreements are legally binding and registered.
Market Research: Understand the market trends and property values in the area.
Professional Help: Hire real estate agents, lawyers, or property consultants if needed.
Taxes and Fees: Be aware of applicable taxes (e.g., property tax, GST) and other charges.

1-Subscription Plans: Charge property owners or agents for premium listings.
2-Advertisements: Display ads for real estate agencies or related services.
3-Transaction Fees: Take a small commission on payments made through the app.
4-Featured Listings: Allow users to pay to highlight their properties.