One often hears “genuine” buyers in the home-buying context. A genuine buyer is someone who has the funds required to pay for down payment and taxes and a document from a bank indicating eligibility for a home loan.

But “genuine sellers” although equally important, are scarcely defined. So who exactly is a genuine seller?

A genuine seller is one who is willing and able to sell his flat.
Willingness depends on seller’s price expectation and offers made by prospective buyers.

Ability comes from having the following documents ready:
– Original chain of agreements (legal title report of the land and building permits like sanctioned plan, IOD, CC, OC are usually annexed in the first sale agreement)
– Possession letter (from previous owner or developer)
– Share certificate (Individual members own only their respective flats, their co-operative society owns the land on which the building stands)
– Parking allotment letter (if there are dedicated parking spaces / garages)

The above documents sufficiently establish #property ownership in most cases in Mumbai and a “genuine” seller should be able to produce the same.