Dear Sir,
I intend to sell my 10 year old flat in Chinchwad - Pune in a society with Cooperative Housing Society. This flat is in my name & has a clear title. I have a customer who is interested to buy this flat. We have already negotiated for an X+Y amount where in X amount is in terms of Cash & Y in terms of Loan amount. This buyer has got loan approval for the said Yamount from ICICI bank & has X amount ready. I have indicated to the Buyer that I need the Cash (X amount) at the time of Agreement to Sale. I now need to know the legal process to proceed with this deal ie
1) whether Sale Deed will be required (since the society has Co.Op Hsg Society where in the sale deed is done by the society)?
2)When will I get the ICICI final cheque amount? Will bank issue a Demand Draft?
3)What if the Broker in between keeps the ICICI cheque & starts asking for higher brokerage charges to handover the cheque?
