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Hello,

I am contemplating on buying a property, which is in the name of only the wife. Huband bought it in her name 8 yrs back in a gated community.
She is 52 years old and both hubnad and wife ready to sign on sale deed. For this transaction does children need to give their Signature?
Will they create any issues in the future?

Thanks.

Absolutely not required.
As Its not an inherited property & the owner is alive.

For your satisfaction: You can take their also.

thanks.
What determines if inherited or self acquired.
Also, is it required to advertise in news papers that the so and so property is being bought.

Self acquired is the one which is purchased by the owner himself during his living period from his earnings.

Inherited property is the one, which has come to them from their ancestors like Father/Grandfather or blood relatives like husbad to wife or son/daughter after their expiry, either in shared or Divided form.

In such a case, you need to take the consent of all the family members who falls under that family tree.