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Know your real estate: Conveyance & Credit Score

When you are looking for an ideal home to live and you go to a real estate agent or a broker or even a builder, they might use jargons which you might not know.

But we give you a solution!!

Read this space every Tuesday & Wednesday for Real Estate Jargons.

Conveyance:

  • It is referred to the act of transferring or conveying the rights, title, ownership & interests of a property from one person to the other, who is purchasing the property. Any property whether immovable or movable should be transferred to the buyer using this agreement.

Credit Score:

  • It is a statistically derived score of a person’s credit worthiness, which is generally used by money lenders to know the likelihood of that person repaying his/her debts. It is usually based on the person’s past credit history.

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