Agreement of sale

When you reqire bank loan for purchae of house propeety,along with all other documents you have to produce aggrement of sale.If you purchase the property and got it registered you will not get bank loan.So you should pay advance to the seller and enter into aggrement of sale and that should be registered and produce to the bank.

It is the responsibility (if not specified otherwise) of seller to arrange documentation at the cost of purchaser through a local lawyer.

agreement of sale usually contains the terms and conditions for the sale which can be framed with the participation of the seller.

a lawyer might be needed to draft the agreement (but not compulsory)

agreement needs to be done in stamp paper

and rest as advised by learned adv Dr.Vashista

 

Hi...

I have purchased a plot in pune and the agreement of sale has been done...i wish to cancel the agreement as i have made the entire amount including the registration charges...could you please  help as i need the money for my mom's surgery and what are the steps required to cancel the agreement