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Tag: token money

Home » token money

Property Trends
By Anuradha RamamirthamJune 20, 2025

What is token money in property purchase?

Once a home purchase deal is finalised between a buyer and a seller, a formal process is initiated to conclude it legally. This starts with the buyer paying token money to the seller. What … READ FULL STORY

Legal
By Anuradha RamamirthamJanuary 27, 2025

What can a seller do if buyer absconds after paying token money for property?

Real estate investments require careful consideration. After completing due diligence and legal checks, an interested buyer must pay token money to the seller to ensure that the seller does not approach any other buyer. … READ FULL STORY

Legal
By Anuradha RamamirthamJuly 5, 2024

Legal options a seller can explore if buyer runs away after paying token

Real estate investments have to be fulfilled with much deliberation. After completing due diligence and legal checks, an interested buyer has to pay token money to the seller so that the seller does not … READ FULL STORY

Legal
By Anuradha RamamirthamApril 11, 2024

Can a seller back off from a property deal? What happens to the token money?

When a buyer finalises a property for buying, the next step is to pay a token money to the seller.   What is token money? Token money is the amount that a buyer pays … READ FULL STORY

Personal Finance
By Anuradha RamamirthamFebruary 26, 2024

What to do if seller cheats you with project token money?

Any property that fits the bill for you as a buyer will require you to pay some token money to the seller to book it for you. What is a token money? Token money … READ FULL STORY

Must Knows
By Anuradha RamamirthamAugust 1, 2024

How is money refunded when a property deal is cancelled?

Property deals may sometimes be abandoned halfway after certain advance payments, like token money, have been made. The deal may be cancelled by either the seller or the buyer for a variety of reason. … READ FULL STORY

Legal
By Sunita MishraApril 2, 2024

Advance payments that homebuyers should never make

Buying homes is a highly emotional and gratifying task. However, it is an equally price-sensitive proposition. It is always possible for the buyer to make wrong decisions along the property purchase process, increasing the … READ FULL STORY

Must Knows
By Sunita MishraSeptember 3, 2020

How to deal with advance payments during property purchase

A buyer has to bear a lot of miscellaneous costs while purchasing a property, including the cost incurred towards legally transferring the asset under his name. Buyers may sometimes find themselves in a position … READ FULL STORY

Legal
By Amit SethiMay 24, 2022

5 mistakes to avoid while buying a home

Making mistakes while buying a home, could result in irreparable losses. Home buyers, who are lured by offers, discounts and freebies, tend to forget their actual requirement and hence, make mistakes.   Mistake 1: … READ FULL STORY

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These articles, the information therein and their other contents are for information purposes only. All views and/or recommendations are those of the concerned author personally and made purely for information purposes. Nothing contained in the articles should be construed as business, legal, tax, accounting, investment or other advice or as an advertisement or promotion of any project or developer or locality. Housing.com does not offer any such advice. No warranties, guarantees, promises and/or representations of any kind, express or implied, are given as to (a) the nature, standard, quality, reliability, accuracy or otherwise of the information and views provided in (and other contents of) the articles or (b) the suitability, applicability or otherwise of such information, views, or other contents for any person’s circumstances.

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