Skip to main content

Store your property documents online- Top 3 benefits of moving to a Digital Platform

Store your property documents online- Top 3 benefits of moving to a Digital Platform


visit : www.bhoolok.com

Store your property documents online- Top 3 benefits of moving to a Digital Platform


BENEFIT #1: Quick and Easy Access
Have you wasted hours trying to find the one document you need? Searching for documents through a library of file cabinets is tedious and involves a lot of energy. On the other hand, documents stored digitally can be easily tracked and retrieved immediately during an emergency.
Digitized documents can also be shared with anyone who needs it in real-time, which is usually not possible with the paper documents.

BENEFIT #2: Enhanced Security and Greater Reliability
Who can you turn to for help and aid, if your property papers have been misplaced, lost or stolen? Property documents are important and having adequate security and control is imperative.
Hard copies have a high probability of being damaged either by a flood, fire outbreak, or any other force majeure meaning Act of God. With digital archiving as a backup, documents are protected from any kind of disasters.
Digitized documents can be controlled and easily secured with access controls such as passwords and an authentication system. If redundancy measures are implemented properly, electronic files neither go missing nor do they fall into the wrong hands unlike paper documents.

BENEFIT #3: Improves Compliance and Accessibility:
Maintaining regulatory compliance with payment of requisite charges, taxes, cesses and other levies for your property gets easy when the documents are stored digitally. In just one click, you can make these documents available for submissions, review, checks, etc.
 Moreover, faster accessibility to all property related documents during a property sale helps in making more accurate and informed decision for the buyers and has enduring benefits for enhancing the property value.

Comments

Popular posts from this blog

Know the difference: Agreement to Sell and Sale Deed!

Know the difference: Agreement to Sell and Sale Deed!
Whether you plan to buy a property or already own one; whether you are a home buyer or a home owner, you should know the legal documents that establish absolute ownership over the Property. When we talk about Sale, there are two terms which are widely used i.e. Sale Deed and Agreement to Sell.  Many times we have come across buyers who hold Agreement to Sell and mistake it for the Sale Deed. Lack of understanding of the difference could lead to grave errors and at times, dire consequences.
What is an Agreement to Sell? When a buyer approaches a house owner to buy his property, certain terms are agreed upon including the offer price. These buying terms, advance amount and other ‘conditions precedent’ (agreed conditions under which the sale can conclude) for the sale are recorded in writing and accepted by the parties in what is called the Agreement to Sell. It is important to note that the Sale Agreement in only an agreement where o…

Buy Vs Rent ! What should I do?

Buy Vs Rent ! What should I do? For a modern day home buyer, it has become a tough choice. “Should I pay rent or EMI’s for my house”?  Hefty costs associated with buying a house, make most independent youngsters to rent one, once they start earning.

As they start families and save money, many choose to buy a home. However, while it is apparent that there are no returns in renting, one needs to be mindful of the costs and recurring expenses associated with buying and owning a house. In this article, we have listed down five important points to consider while comparing Buying Vs Renting which shall help you take a right decision. 1. Cost:  Buying: Buying definitely has a huge upfront cost which includes paying the token money/advance amount at the time of booking or entering into an agreement. In most cases, this is 20% of the purchase price. If you are planning for a home loan, there are installments to be paid. With many banks, during the initial years, the monthly payment gets adjusted …