#property seller
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tracymainlandkramble · 11 months ago
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propertyexperttips · 2 years ago
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NRIs Selling Property In India - All that you need to know
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The process of selling a property owned by an NRI in India is as follows:
1. Hire a brokerage company to conduct a comprehensive valuation of the property and determine its value. 2. Carry out all the necessary paperwork related to the sale of the property. If one isn’t physically available then a trustworthy person can be granted PoA to do the needful. 3. Understand the tax liabilities. Capital gains are taxable in the year in which the property is transferred, irrespective of whether the sale payment has been received in full or not. 4. The taxation details have been explained in brief below:
a. If one is selling the property within 2 years (changed from 3 years after Budget 2017) of purchase, then short term capital gains tax will be applicable and selling after 2 years makes the long term capital gains tax applicable.
b. Taxes on short term capital gains are based on an individual’s income slab.
c. Taxes on long term capital gains are fixed at 20%.
d. When a resident Indian purchases a property from an NRI, then the buyer is liable to deduct TDS at 20% on long term capital gains (LTCG). In case the property is being sold before 2 years, 30% TDS will be deducted. A TAN (Tax Deduction and Collection Amount Number) needs to be obtained by the buyer before deducting the TDS.
e. In case the property has been inherited, the date of purchase by the original owner is considered for calculating whether it’s a long term or a short term capital gain. In such a case the cost of the property will be the cost that the previous owner incurred on the respective property.
5. TDS is deducted at the time of making the payment to the NRI. All the information regarding the TDS and it’s rate have to be mentioned in the sale deed between the NRI seller and the buyer. 6. The amount can be received only in a FCNR or NRE/NRO account. 7. The NRI would be exempt from tax if he/she re-invests the capital gains of the property in another property or tax exempt bonds.
Documents required by NRI for selling property in India:
1. Passport- It serves as a proof of identity for the person involved in the transaction
2. PAN Card- It is required if one plans to apply for a tax exemption certificate after the sale of the property. NRIs of select countries are given PAN numbers which have their foreign residence address.
3. Tax Returns- If the NRI has been earning money from the property, tax returns for the ownership period should be kept handy.
4. Address Proof- Documents in support of address in India and abroad have to be provided. This includes ration card, telephone bills, electricity bills, life insurance policy statements, aadhar card etc.
5. Sale Deed- Sale deed is a legally binding agreement between the parties who are buying and selling a legally owned property.
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axarkumar · 2 years ago
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5 Tips for Choosing the Right Property to Invest In
Anyone who invests in real estate is making a significant choice. Make sure a property can generate good profits before investing in it. You don't want to make an investment in a property that won't increase your wealth over the long run. Investing in the appropriate property is essential for it.
1. What- Purpose of Your Investment?
Make it crucial to establish your investing goal before making a property investment.
Whether you want to buy a house for yourself to live in or if you want to rent it out.
People who are planning to invest in a property to make rental income would opt for properties that have easy access to essential services. Long-term investors choose properties that give capital growth and so hunt for properties in developing locations.
2. Where-Location?
Location plays a crucial role when buying a property. Before choosing a location, make sure it is close to markets, schools, train stations, and metro stations, among other places.
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Properties in locations with good infrastructure provide a solid return on investment and also pay out high rents. For individuals seeking long-term investments, investing in developing areas with development potential can be a wise choice.
3. Which-Property Type?
Investors must decide what kind of property to buy, whether to invest in a project that is still in development or one that has already been completed, or whether to buy resale or brand-new homes. If you choose a completed project, you may move in right away if the deal goes through without having to deal with the inconveniences of project delays. On the other hand, investing in a project that is still under construction might be advantageous since the property can be bought for less money than a project that is already finished and because there are several tax advantages for home loans. You must be aware of the type of property you are buying before making a purchase.
4. How much-Property Cost?
In order to get good financial returns, you must invest in real estate at the right cost.
Make sure you are aware of your budget while you invest in real estate.
The property should be such that it satisfies all of your wants while not costing a fortune.
When investing, you should choose locations where there is room for growth rather than those that are currently pricey where there is less room for price appreciation in the future.
5. Who-Property Developer?
When making a real estate investment, be sure to pick a suitable property developer.
To determine whether he completes the job within the allotted time frame, whether the project is RERA registered, etc., you should conduct a background investigation into his prior projects.
You should investigate the developers' reputation.
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For buying or selling property in Delhi, contact Bhatia Associates
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raceweek · 2 months ago
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no but please tell us more about the graves, or just graves in general in property law, it sounds fascinating
the truth of the matter is that in the uk there’s absolutely fuck all legislation about it!! there’s like five pieces of really old statute collectively called the burial acts which almost solely deals with the plague so you basically have to go….sooooooo its not a plague pit so far as we are aware……….let me know if you have any questions :) x
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somethingsomethingcomic · 6 months ago
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completely warranted
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champstorymedia · 24 days ago
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Fast Track Your Property Sale: Proven Methods for a Speedy Transaction
Introduction Are you looking to sell your property quickly and efficiently? In today’s fast-paced real estate market, time is of the essence when it comes to selling your property. From staging your home to pricing it right, there are proven methods that can help you fast-track your property sale. In this comprehensive guide, we will explore some strategies and tips to ensure a speedy…
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stickthisbig · 1 year ago
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Look at me, directly here, in my face
If an easement is a legal document granting rights to a property to someone other than the owner of that property, including the right to access the property
And easements run with the deed, not with the owner, and may be limited or permanent
Can a vampire get in if someone has previously granted them an easement on your house
Does a vampire have an easement on your house right now
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listen-to-the-inner-walrus · 11 months ago
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til that if you sell items with a smiley face on them or use the word "smiley" anywhere in the product listing including tags, you may get sued by a florida based lawfirm, brickell ip, representing a london based company the smiley company that neither invented smiley faces or the word smiley
these "lawsuits" are just shakedowns. theyre actually frivolous lawsuits, especially because most of the people theyre suing dont live in the country in which theyre being sued, and a significant proportion of them havent made any fucking sales of the product. also, you obviously cannot trademark all smiley faces, only your design of one.
theyll agree to settle with you for anywhere between $500 to $5000, even though the lawsuits are frivolous and they legally cannot sue you if you do not live in the us.
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renishascorner · 2 years ago
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From Home Styling to Real Estate: Get Inspired by Renisha's Story
Hello, friends! My name is Renisha, and I'm a single mother of 4 based in Lexington, KY. As a busy mom and a Realtor, I understand the importance of finding budget-friendly ways to update your home and make it a cozy and inviting space for your family. That's why I'm excited to share my tips and tricks with all of you!
Whether you're looking to get your home ready to list on the market, or simply want to create your perfect oasis, I'm here to help. I believe that everyone deserves to live in a space that brings them joy and comfort, regardless of their budget. With my experience as a Realtor and my passion for interior design, I'm confident that I can help you achieve your home goals.
As we head into the holiday season, I'm also excited to share some ideas for getting your home holiday-ready. From simple DIY decor projects to tips for organizing your space for guests, I'll be sharing all of my favorite ideas on my blog and social media channels.
Speaking of social media, be sure to check out my YouTube channel, Real Estate with RenishaJ. On my channel, I share tips and insights about the real estate market, as well as behind-the-scenes looks at some of my favorite home renovation projects.
Thank you for taking the time to get to know me a little better. I'm excited to connect with all of you and share my love of all things home-related!
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tracymainlandkramble · 1 year ago
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dealacres · 2 years ago
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How to Purchase Property Without a Real Estate Agent?
Most homebuyers decide whether doing it alone is preferable to working with a real estate agent, which is an important decision to make. While using a broker has always been seen as a trustworthy way to complete the home-buying process. few savvy homebuyers have been able to save money by avoiding these middlemen. While an agent may assist you in finding a property that meets all your specifications. They negotiate a price with the seller, perform a home inspection, and finally close on the new home. it is also risky to be out there in the market on your own.
To Read More about How to Purchase Property Without a Real Estate Agent? Click Here
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jasonsbones · 4 months ago
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EXCEPT YOUR CITRINE IS JUST HEAT TREATED AMETHYST. THERE IS IN FACT A REAL STONE CALLED CITRINE. And yeah the problem is the fucking crystal sales market is trying to sell with the biggest words to the dumbest fucking customers, but I'm so tired. HTA Citrine isn't even generated, it's amethyst that's turned into a shittier version of itself, and the education to what crystals are is abysmal. No shade on the other stones mentioned here but I'm honestly so fucking done with people defending heat treated amethysts as though they have the same chemical properties of actual real ass greenish yellow 'never forms in hexagonal pillars' citrine.
Imagine calling your aged bananas apricots and selling them as if they're the same thing. THAT'S the issue with HTA.
Man made crystals are so cool it’s so sad everyone who likes rocks is out for blood if you post man made crystals. I love you opalite I love you lab created opal I love you bismuth I love you HTA citrine I love you goldstone
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georgebanton · 9 days ago
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Searching for a trusted Real estate agent in Phoenix AZ? The professional team of Joseph Geier Properties LLC is here to assist you with all your real estate needs. Whether you’re looking for a listing agent near you or need expert buying agent services, we have the experience to guide you through every step of the process. Our services include beach property rentals, furnished property sales, and relocation assistance near you, ensuring a smooth transition. We specialize in property management and land leasing, making us your priority realtors in Phoenix, AZ. If you’re a first time homebuyer or interested in selling, our dedicated team offers complete seller's agent services. Don’t wait. Contact us today to discuss your real estate goals and find the perfect property in your area!
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century21lighthouse · 10 days ago
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Property Management Services in Melbourne FL
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The Caruso Group at Century 21 Lighthouse Realty, led by experienced Realtor Aura Caruso, specializes in top-tier property management services in Melbourne, FL. With a commitment to helping clients reach their real estate goals, Aura offers comprehensive solutions, from property rentals and management to acting as a trusted agent for buying and selling. Rely on Aura Caruso’s expertise in the Melbourne market for smooth, successful transactions every time.
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champstorymedia · 2 days ago
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Investor's Paradise: Real Estate Market Offers Lucrative Opportunities
Are you looking for a lucrative investment opportunity? Look no further than the real estate market. With its potential for high returns and long-term growth, real estate has always been a favorite among investors. In this article, we’ll explore why the real estate market is an investor’s paradise and how you can take advantage of the opportunities it offers. Why Real Estate is a Lucrative…
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realtorlindasraymondposts · 22 days ago
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Fairfield and Westport Real Estate Market Report October 2024 🎃
Image: Blazing outdoor fireplace at 115 Lalley Blvd, Fairfield CT October Chill is in the Air! 🎃🏡 Here’s what happened in September in our local Fairfield and Westport single-family housing markets. If you want the exact details, check out the What Sold Reports. In September 2024– Prices: Median Prices Varied By Town. Homes Sold for 100% or More On Average with a Wide Range Single-family…
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