What are the advantages and disadvantages of selling a property to govt or private person?
I have a plot of land in Thrissur, that I'm considering selling. I'd like to explore whether it's more advantageous to sell it to the government or to a private party. Could you please provide insights into the pros and cons of both options, as well as guidance on the selling procedure?
Selling to the government -
Pros: The government offers a higher selling price than private parties, The selling process is faster and hassle-free.
Cons: The government has strict acquisition rules and regulations., The acquisition process can be time-consuming.
Selling to a private party-
Pros: There are no strict regulations or processes to follow, The seller can negotiate the selling price.
Cons: The selling process can be time-consuming, The seller may have to pay commission to the real estate agent.
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