NRI selling property in India

Non-resident Indian’s play a vital role in the real estate market in India. Today, Indian real estate market is one of the fast growing industries and the demand for properties even increasing due to factors like development in infrastructure, IT Industry, BPO, connectivity, good return on investment etc. compared to others countries.

Non-resident Indian (NRI) can sell or gift their residential real estate property as well as commercial property to a resident of India, or another NRI. The formalities or procedure for selling your real estate property in India depends on your residential place.

The residential status in India is determined by the condition of Income tax Act based on the physical stay in the relevant financial year (tax year) or preceding ten tax years. Foreign citizens of non-Indian origin cannot buy a property in India. Therefore, you cannot sell your property to a non-Indian origin.

What property an NRI cannot Sell?

NRI can sell any commercial or residential property and he is also eligible to sell inheritance property but there are some conditions for selling agricultural land, plantation property and farmhouse. An agricultural land, plantation property and farmhouse cannot be sold to NRI or PIO. The NRI or PIO can acquire such property by inheritance only. Gifting of such properties can be done only to a resident in India.

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Tips in Wholesaling Real Estate

Since wholesaling real estate is quite new to many people, a lot of business strategies should be mastered so that the desired amount of income shall be claimed by those who want them. Definitely, a lot of people want to own real estate’s because of their high value so if you are a businessman, you should think of getting many of them. 

Wholesaling houses follows the procedures of selling real estate but its focus is just to buy houses for a cheap cost and resell them. Besides, those people may do some modifications to the properties and conduct maintenance and repair if necessary so they could sell them at a higher rate. Those people can really achieve their purpose of getting double profits just because the renovations have increased the value of the properties.

If you really want to gain big profits in this business, you should sell the real estate in higher amounts. Such idea should be followed through to get a good cash flow in the market. When you plan to sell your properties or house, make a deal with the investors who could purchase them according to your desired rate but they should also be strategic enough to sell the items for other people for more cost. They may choose to sell your former properties to any individual buyer or land investor.

When it comes to selling a real estate, the agents have many secrets to consider just too top potential clients. The investors have the initiative to purchase those real estate properties in great bulk and sell them eventually to individual buyers or real estate firms. 

When talking about real estate business, flipping houses are just some of the great investments you could offer to the clients and receive big profits in the long run. In flipping house business, you need to improve the physical appearance of your properties and sell them in higher cost according to the expectation of your clients wholesaling. Conduct the business now and earn massive income.

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Tips for Buying a House in a Buyer’s Market

Now is the best time in order to purchase a house from India real estate. In another scenario where prices are expected to fall down the road, then it may not be the proper time to make a purchase. 

In most places, it is the market of buyers in the real estate where there are more sellers than possible buyers. As a result, low prices make buyers happy. The downside to it is that it can make matters complicated for buyers. In some markets, buyers have too many choices, which confuse buyers.

Buyers are concerned that they are about to purchase too early and that the figures will go down. When they have completed the transaction, the equity will be negative. On the other hand, there are people in every market who are very serious towards purchasing one of Indian homes for sale and do not get effected by market forces.

Our advice is that if you like one of Indian homes for sale, go for it ASAP. If you are in need of one, just go get it. In other words, it is up to you to decide whether you are really in need of a house. If you do need one, go make negotiations and get the best deal. 

In short, the prices of a house you have just purchased from Indian real estate can go down in near future. So, keep the above concise tips in mind whenever you or someone you know goes and buy one of Indian homes for sale. It is a stroke of genius if you get one of Indian real estate agent to guide you throughout the procedure of purchasing a house.

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Real Estate – Tips for Buying Water-Front Real Estate

Thinking about investing in some real estate on the water? Now is a great time to buy a home or vacation house at the lake or on the ocean. However, you have to do some homework before laying down the cash to determine if buying waterfront real estate is right for you. 

Here are some things to keep in mind while you are looking for property and doing your research:

It is usually a good idea to hire a real estate agent to help you with a purchase, but it is especially true for waterfront property. But, you don’t want to hire just any agent, but one that specializes in the waterfront area. This agent is familiar with the land and the water. He can tell you what the fishing is like from your dock, when the seaweed gets bad and if there are any unseen obstructions to keep you from using a boat.

Every year insurance costs are making it more and more expensive to own a piece of real estate by the water. The record damage sustained in recent years from hurricanes, floods and wind damage have caused rates to skyrocket in popular water-front areas. So, you have to decide if the cost is worth it as well as the risk of future weather situations.

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Is Your House an Asset or a Liability?

I was asked, awhile ago, whether a house is an asset or a liability. This might seem like an odd question. Of course your home is an asset, right? Well, that all depends on who you ask and what your definition of an asset or liability is.

We often hear phrases like, “A house is typically your most expensive asset in life.” Of course, these people mean that out of everything you buy in your life, your house is more than likely the most expensive. So, sure, a home (or condo) is an expense. Your mortgage is an expense. But an expense can be an asset, as we discussed in the related post: Is Your Car an Asset or a Liability?

If you had to make a guess, what would you say the definition of an asset is in the business world? Well, let’s step back for a minute. What is the number one goal of any business? It’s to make money. If they didn’t make money, then there would be no business, which makes it pretty apparent that it’s the top goal out of everything else.

If you walked up to your neighbor and asked them if their house is an asset or not, they would look at you funny and say, “Of course it’s an asset –.” It’s true. If you had the option to rent an apartment or buy a house, it is probably wiser to buy the house. Sure, you’ll have to make improvements once in a while, but typically your house will gain value through the years and may even earn you more than the rate of inflation. This is why for most people a house is most definitely considered an asset.

Why are those machines considered to be an asset to the business? Well, they are an asset because they are directly helping the company make money, which is their number one goal. Without them, the company would be sunk. So, let’s step back in again. What is the definition of an asset in the business world? It’s any tangible object within the company that has value and that helps the company make money.

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Things to Know Before You Make an Offer on a House

If you are a first-time real estate home buyer, you may be overwhelmed with the entire process. Many home buyers hire a real estate property agent and trust them completely. While a real estate property dealer and an attorney can offer you both guidance and support for buying both commercial as well as well residential property, it is most important to have a proactive approach. You should do your homework. You should be aware of every step. You should also question every people involved along the entire process.

Here is some important task that you should ask before making an offer:

1. What personal items will the seller include in the sale? Sellers tend to leave many items in the house, especially if they are moving to another city. While some of these items may be useful to you, others may not be. 
2. Why is the seller selling the house? Make sure the seller has a good reason to do it. You would not want a house that the seller is selling for poor construction value.
3. How long has the house been on the market? If the house has been available for a long time, be cautious. Check why other buyers didn’t go for it. 
4. What are home sales patterns in this area? Check the average time houses remain on market in this area. This information can be a huge determining factor, especially if you intend to sell the house in near future. 
5. Check the other offers on the house and the price reductions. Ask your real estate agent if the sellers have reduced their original asking price. Your offer price will also depend directly on the number of other offers on the house.
6. What is the average price per square foot in the neighborhood? Check the per square foot price of similar houses in the area before determining the offer price. 
7. How are the schools and school districts in the area? If you have young children, you may want to look for houses that are closer to good schools. Even if you do not have kids, good schools may be important for prospective buyers of your house down the road. 
8. Check the safety record of the neighborhood. All these factors can impact the price of the house in future.

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