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Sale of Vacant Flats / Houses / Plots
in Ongoing and
Completed Residential SchemesByODISHA STATE HOUSING BOARDIntroduction
Odisha State Housing Board (OSB), the premier housing institution of the
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How to fill out sale of vacant flats
How to fill out sale of vacant flats
01
Gather all necessary documents including property ownership documents, identification proof, and any relevant agreements or contracts.
02
Determine the selling price or value of the vacant flat by consulting a real estate agent or conducting market research.
03
Advertise the property using various platforms such as online listings, social media, or newspapers.
04
Connect with potential buyers and arrange property viewings to showcase the features and benefits of the flat.
05
Negotiate the selling price and terms of the sale with interested buyers.
06
Prepare a sales agreement or contract that outlines the terms, conditions, and responsibilities of both parties.
07
Finalize the sale by coordinating with a lawyer or notary to handle the legal aspects and transfer of property ownership.
08
Receive the agreed-upon payment from the buyer and provide them with all necessary documents and keys to the vacant flat.
09
Complete any post-sale documentation or registration required by local authorities.
10
Ensure a smooth transition by notifying utility companies, setting up new utility accounts if necessary, and updating relevant parties about the change in ownership.
Who needs sale of vacant flats?
01
Individuals who own vacant flats and want to sell them to generate income or liquidate their assets.
02
Property investors who specialize in purchasing and selling vacant properties for profit.
03
Developers or builders who have completed construction projects and want to sell the remaining unsold flats.
04
Estate administrators or executors who are responsible for selling a deceased person's vacant flat as part of the estate settlement process.
05
Individuals or families who have inherited a vacant flat and want to sell it instead of using it for personal occupancy.
06
People who have relocated or moved, leaving their previous flat vacant, and prefer to sell it rather than maintain it or find tenants.
07
Financial institutions or banks that have repossessed vacant flats due to non-payment of mortgages or loans, aiming to recover their funds.
08
Government or local authorities that own vacant flats and wish to sell them as part of housing initiatives or urban development plans.
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What is sale of vacant flats?
Sale of vacant flats refers to the act of selling properties that are empty and not being occupied by any tenant.
Who is required to file sale of vacant flats?
Individuals or entities who own vacant flats and intend to sell them are required to file the sale of vacant flats.
How to fill out sale of vacant flats?
The sale of vacant flats can be filled out by providing relevant details such as property address, sale price, date of sale, and ownership information.
What is the purpose of sale of vacant flats?
The purpose of sale of vacant flats is to document the transaction of selling properties that are not currently inhabited.
What information must be reported on sale of vacant flats?
Information such as property address, sale price, date of sale, and ownership details must be reported on the sale of vacant flats form.
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