List of step | Responsible | Where to go | What will you get | Required documents | Cost | Time Frame | Contact | Legal Justification |
Step 1: Verification of documents, site visit, taking pictures and getting property detail for sale | Real Estate Consultant | Property Owner @property site | Original Thram copy, Seller CID, PoA Verification | Agent must set appointment and approval of owner prior to visit. | As per the plan choosen by the seller | 1 day | Real Estate Consultant 17665442 | Verification of the property a must step to prevent legal disputes |
Step 2: Signing of Sales Commission Agreement | Seller (if seller not present sign power of attorney) | Agent will visit the property site | Sales commission agreement and sellers defines terms of sale | Agent must via online or offline submit copy of the agreement | No cost borne by the owner | Within 3 days | Real Estate Consultant 17665442 | Service Agreement and sales Deed Terms must be Finalized |
Step 3: Marketing, Lead generation, Showing of Property and negotiation and closing deal. | Real Estate Consultant | Agent Accompanies Interested buyers to the site | Agents get commitment from buyer with YES or NO response | Buyer verifies lagthram, loan detail, property condition and negotiation (if any) | None | Minimum of 30 days to 90 days | Real Estate Consultant 17665442 | Workflow@housinng.bt |
Step 4: Buyer confirmation fee and down payment and signing of sales deeds. | Buyer, Seller, Real Estate Consultant | housing.bt office or property site. | Sales deed and Payment | Sales deed Agreement, Payment, CID, Legal stamp | sales commission and payment @50% | Within 1 day | –do– | –do– |
Step 5: Processing of new loan and transfer of loan as applicable | Consultant, Seller, Buyer | Respective Bank | No Objection letter/Loan Transfer certify | Sales deed, CID | None | Within 1 day | Respective Bank | Workflow@housinng.bt, Thromde requirement, bank requirement. |
Step 6: Processing of ownership transfer @Thromde and Land Commission | Consultant | Thromde, Dzonhkhang, Online Application | Acknowledge from Thromde and property tax payment receipt | Family Tree of buyer and seller, NOC from joint owners, power of attorney, Lagthram, CID copy, withness | Property transfer tax 3% if total property valuation | 30 days cooling period +7 days | Real Estate Consultant 17665442 | Wrokflow @housinng.bt, Thromde requirement, Land commission requirement |
Step 7: Final | Consultant, buyer, Seller | Housing.bt office/Thromde/Property site | Lhagtram with change in ownership | Tax receipts, Brokerage service Termination Letter | Sales commission and remaining payment @50% | Within 1 day | Real Estate Consultant | Workflow @housinng.bt |