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About our company
At Outstanding Realty, we thrive to build a foundation of dedication, trust and understanding. We prioritize our customers' needs and requirements. It is our culture that vividly distinguishes our brand.
We strive for excellence, through our hard work and dedication to our clients. Our vision is to achieve the highest possible standards of the real estate industry while establishing our company the most respected and preferred choice in real estate.
Meet our team
If you want the best care possible for your real estate needs, our certified professionals are here to help
Nahrain Youkhanna
Designated Managing Broker, SFR®
Nahrain is the founder and the designated managing broker of Outstanding Realty LLC. She h ...
OUR CLIENTS
What are our clients saying about us
Excellent team! 🏆
My roommate and I had a great experience with Nahrain. Nahrain was super professional when showing me apartments, and was completely transparent about the process. We had a bit of a rocky process with our application process but Nahrain was great at staying in communication and pushing things forward. I'd definitely recommend working with her!
happy seller
The Outstanding Realty team did an outstanding job helping me buy my first home. The high level of service and dedication.
happy buyer
We hired Nahrain from Outstanding Realty as our buyer agent because they are specifically trained in Short Sale & Foreclosure.
Frequently Asked Questions
You can use this guide to familiarize yourself with rules, laws and other important information relating to your property.
Registering an Agreement for Sale is considered necessary for several reasons, primarily to ensure legal and financial security for both the buyer and the seller in a property transaction. Here are some key reasons why it is important to register an Agreement for Sale:
Legal Validity: A registered Agreement for Sale holds legal validity and is enforceable in a court of law. It serves as evidence of the intent and terms of the property transaction, making it legally binding.
Property Ownership: Registration establishes the identity of the property and the ownership details, providing clarity on who owns the property and who is selling it.
Public Record: Once registered, the Agreement for Sale becomes a part of the public record, accessible to anyone. This transparency ensures that potential buyers or creditors can identify any encumbrances or claims on the property.
Title Verification: Registering the agreement allows the buyer to conduct a title search to confirm that the property’s title is clear and that there are no pending disputes or legal issues.
Priority: Registered agreements may take precedence over subsequent claims or transactions on the property. This can protect the rights of the buyer against competing interests.
Preventing Fraud: Registration helps prevent fraudulent transactions and protects the parties involved from potential scams or forgeries. It ensures that the parties involved are genuine and authorized to make the transaction.
Tax Implications: In many jurisdictions, the registration of property documents can have tax implications, including stamp duty and property transfer taxes. Compliance with these tax obligations is critical for a legally sound transaction.
Financial Security: Registering an Agreement for Sale may provide financial security for both the buyer and the seller. In some cases, the buyer may pay an advance or earnest money, and the registration helps protect these financial interests.
Dispute Resolution: In case of a dispute between the parties, a registered Agreement for Sale can serve as crucial evidence to settle the matter through legal channels.
Lender Requirements: If a buyer is financing the purchase through a bank or financial institution, the lender may require the Agreement for Sale to be registered as part of the loan approval process.
It’s important to note that the specific requirements and procedures for registering an Agreement for Sale can vary by jurisdiction, so it’s essential to consult with local authorities and legal experts to ensure compliance with the relevant laws and regulations in your area. Failure to register an Agreement for Sale when required by law may result in legal and financial consequences for the parties involved in the property transaction.
Carpet area is a term commonly used in the context of real estate and property to refer to the actual usable floor area within a residential or commercial unit. It is the area where you can place a carpet or any floor covering, and it excludes the space occupied by the walls. Carpet area is a crucial metric when it comes to measuring the usable space within a property because it helps determine the living or working space available to the occupants.
Carpet area typically includes the following:
Living Area: The carpet area includes the space in the living room, bedrooms, and other rooms within the unit where occupants can place furniture, fixtures, and move around comfortably.
Bedrooms: The area within each bedroom that can be utilized for placing beds, wardrobes, and other bedroom furniture.
Kitchen: The space in the kitchen that can be used for placing appliances, cabinets, and countertops.
Bathrooms: The area inside the bathrooms for fixtures like sinks, toilets, and shower/bathtub, but does not include the walls.
Utility Areas: Carpet area may also include utility areas like balconies, verandas, and open terraces, depending on local regulations and definitions.
Qualifying for exemptions on Capital Gains Tax (CGT) depends on your specific situation and the tax laws in your country. Capital Gains Tax is typically applied when you sell an asset like stocks, real estate, or other investments for a profit. Exemptions or reductions in CGT are often available under certain circumstances. Here are some common ways to qualify for CGT exemptions or reductions:
Primary Residence Exemption: In many countries, you may be eligible for a CGT exemption on the sale of your primary residence. The conditions and exemptions can vary, but generally, if you have lived in the property for a certain period (e.g., two years or more), you may not have to pay CGT on the profit from the sale.
Small Business Exemptions: Some countries offer CGT exemptions or concessions for small business owners or investors who sell assets related to their business. These exemptions are usually subject to specific criteria, such as the duration of ownership and the use of the asset.
Retirement and Age-Based Exemptions: Certain countries offer CGT exemptions for individuals who are at or above a certain age and are selling assets related to their retirement.
Agricultural Land and Farmland Exemptions: In agricultural-based economies, there may be CGT exemptions or reductions for the sale of agricultural land or farmland.
Charitable Contributions: Donating assets to a registered charity or nonprofit organization may make you eligible for a CGT exemption. However, specific rules and conditions apply.
Inheritance: In some cases, if you inherit assets, you may be exempt from CGT when you later sell them. This depends on the inheritance laws in your country.
Roll-Over Relief: In some situations, you can defer paying CGT by reinvesting the proceeds from the sale of an asset in a similar or replacement asset. This is known as roll-over relief.
Specific Investment Incentives: Some countries offer CGT exemptions or reductions for certain types of investments, such as investments in government bonds, startups, or specific industries.
Holding Period: In some cases, the length of time you hold an asset can affect your CGT liability. Longer holding periods may result in reduced tax rates or exemptions.
Loss Offsetting: If you have incurred capital losses in other investments, you may be able to offset these losses against your capital gains, reducing your overall CGT liability.
Whether you need to pay stamp duty on the transfer of property or if the property is gifted can vary depending on the laws and regulations of your specific jurisdiction. Stamp duty is a tax on property transactions, and the rules governing its application can differ from one location to another. Here are some general principles to consider:
Property Transfer: In most cases, when you purchase a property, you are required to pay stamp duty on the sale deed or transfer deed. The amount of stamp duty is usually calculated based on the property’s value or the consideration amount mentioned in the deed. The rates and exemptions can vary widely depending on your location.
Gift Deed: When a property is gifted to you, it may or may not be subject to stamp duty, depending on your jurisdiction. In some places, gifts may be subject to stamp duty, while in others, there may be exemptions or reduced rates for property transfers by way of a gift. The specific rules can vary widely, so it’s important to consult your local laws and regulations to determine whether a gift of property is subject to stamp duty.
Relatives and Exemptions: In some cases, property transfers between close relatives (e.g., parents to children) may be subject to reduced stamp duty or exempt from stamp duty. However, this can vary by jurisdiction, and there may be conditions and limits on the value or size of the property involved.
Gift Tax: In some countries, there may be a separate gift tax that applies when property is gifted. The rules and thresholds for gift taxes can differ from those of stamp duty. It’s essential to understand both the stamp duty and gift tax implications when a property is transferred as a gift.
Legal and Professional Advice: Given the complexity and variation in property transfer laws and taxes, it’s advisable to consult with a legal or tax professional in your area who is knowledgeable about local property and tax regulations. They can provide guidance on the specific requirements and exemptions applicable to your situation.
The rules and rates for stamp duty and gift tax can change over time, so it’s crucial to verify the current regulations with local authorities or a legal professional before proceeding with a property transfer or gift. Non-compliance with tax regulations can lead to legal and financial consequences, so it’s essential to ensure that you follow the applicable laws in your jurisdiction.
When selling a property, there are several documents that a buyer typically requires from the seller to facilitate the transaction and ensure a smooth transfer of ownership. The specific documents can vary depending on the type of property, local regulations, and other factors. However, here are some common documents that a buyer may request from you:
Title Deed: This is the most crucial document, as it establishes your ownership of the property. The buyer will want to verify that you have a clear and marketable title to the property.
Sale Deed: The sale deed is the legal document that transfers ownership of the property from the seller to the buyer. It includes details of the property, the sale price, and the terms and conditions of the sale.
Encumbrance Certificate: This certificate provides a history of the property’s transactions and helps verify that there are no pending encumbrances, such as mortgages or legal disputes, that could affect the property’s title.
Property Tax Receipts: The buyer may request copies of property tax receipts to confirm that property taxes have been paid up to date.
Occupancy Certificate: If applicable, an occupancy certificate is proof that the property complies with local building and zoning regulations and is fit for occupancy.
Completion Certificate: This document is issued by the local authorities and certifies that the construction of the property is completed in accordance with the approved plan.
Share Certificate (for co-operative housing societies): If the property is part of a co-operative housing society, the buyer may request the share certificate, which represents the buyer’s ownership in the society.
NOC from Society or Local Authority: In some cases, the buyer may require a No Objection Certificate (NOC) from the housing society or local authority to facilitate the transfer of ownership.
Property Maintenance and Utility Bills: Copies of recent utility bills, such as water, electricity, and gas bills, can be requested to confirm that the property has been regularly maintained and that there are no outstanding bills.
Aadhar/PAN Card: Proof of identity and tax-related documents may be requested for KYC (Know Your Customer) purposes.
Bank Statements: If the buyer is obtaining a loan to purchase the property, the seller may be asked to provide bank statements to confirm the source of funds and financial stability.
Non-Encumbrance Certificate: This certificate is used to verify that the property is free from encumbrances and legal disputes.
Power of Attorney: If someone other than the seller is representing them in the transaction, a power of attorney document may be required.
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