4 Easy Ways to Sell Land to a Bank in Indonesia So It Sells Quickly
Easy Ways to Sell Land to Banks in Indonesia - Many people ask about how to sell land to a bank in Indonesia. This method is considered an easy way to sell property in a short time. However, is it possible to sell land to a bank?
As is well known, banks usually act as providers of credit or loans to the public. But that doesn't mean banks can't help us sell property.
So, how do you sell land to a bank? Check out the review below.
This is the Correct Way to Sell Land to a Bank
For your information, the bank's role in buying and selling land is not to act as a buyer, but to help find people who are interested in the property.
So, why would a bank want to find potential buyers for us? The reason is related to a product offered by banks, known as Land Ownership Credit (KPT).
In general, KPT is similar to Home Ownership Credit (KPR), but specifically for land purchases.
By helping you sell land to potential buyers, the bank has the opportunity to offer its KPT products.
However, there are a number of things to consider when selling land through a bank, including:
1. Ensure Access to the Land Location
The first thing to pay attention to is road access to the land location.
Make sure the land has good access, for example, it should be accessible by both four-wheeled and two-wheeled vehicles.
This aspect is important for banks, as it facilitates the resale of the land in case the customer defaults on their loan.
Moreover, good property access is one of the requirements for those applying for a KPT or KPR with a bank.
2. Clarify Land Boundary Markings
Land boundary markers are just as important as the location because they accurately indicate the size of the land to be sold.
If you cannot clearly show the land boundary markers, the bank may question the legitimacy of your ownership.
This information is also important for buyers, as no one wants to purchase fake property or property with a disputed status.
3. The certificate is already in the name of the seller
The next step in selling land to a bank is to ensure that the land certificate is in your personal name.
In the property buying and selling process, a certificate serves as proof of legal ownership and confirms that the land is not under dispute.
Banks are generally reluctant to assist in selling land if the certificate is not in your name.
This could harm the bank's credibility as a trusted institution and put potential buyers at risk.
4. Complete all required documents
Finally, when asking the bank for assistance in selling your land, there are a number of documents and requirements that must be met.
It's not difficult. Here are some general requirements that banks typically ask for:
- Submit a photocopy of your Family Card (KK)
- Provide your Taxpayer Identification Number (NPWP)
- Bring a photocopy of your marriage certificate (if married)
- Include a Certificate of Ownership (SHM), Building Use Rights Certificate (SHGB), Business Use Rights Certificate (SGHU), or a Notary Deed for the land.
It should be noted that each bank has different terms, conditions, and procedures regarding assistance in selling property.
Therefore, the process for selling land to BRI Bank may differ from that for selling land to BTN or Bank OCBC NISP.
Benefits of Selling Land to a Bank
Now you know how to sell land to a bank, but what are the actual advantages of doing so ? To avoid confusion, here are some of the benefits:
- Land can sell quickly because banks can utilize their extensive networks and use KPT facilities to attract potential buyers.
- As a trusted institution, the bank ensures the security of the seller by carefully selecting prospective buyers. This makes the process safer.
- Another advantage is that the bank assists with the entire land buying and selling process, including full payment to the seller after the buyer has paid off the KPT.
- Land handover can be done after the credit is paid off, with the bank acting as a guarantor of security throughout the process.
- Banks can handle legal and administrative processes, thereby reducing the burden on sellers and ensuring smooth transactions.
So, that's how to quickly buy and sell land through a bank, along with the benefits. Hopefully, the review above is useful.
