Both the NRIs and the property market are attracted to each other. Thus, many people face a situation where the real estate agent talks about a property of an NRI which is for sale. As a result, the buyers also get a bit involved in this kind of property but there are certain things to consider before buying a property from an NRI i.e. the Non-Resident India. So, don’t fall for a wrong deal as we here list the essential things every home buyer should know before purchasing a property from an NRI:
A home buying describes elevation in your life and if it is a second home buying then surely it brings out the best for you. Yes, buying a second home is a long-term investment in two scenarios. In case one, the second home act as a retirement home and the other case makes you financially empowered as you rent this property and earn monthly income.
Apart from this, there are various other benefits which you can avail by doing so. We have brought the list of advantages of renting a second home, as the interest rate on home loan goes up and down along with the fluctuation in inflation rate. Take a look at how to pull out maximum benefit by hiring tenants.
The process of selling home involves two people initially but a proper selling deal includes three persons who are:
The reason behind hiring a legal person is important as this professional helps in completing all the legal procedure and makes transferring of property title and receiving of money easier. In fact, you as a seller must talk about the mode of payment and paperwork prior to finalizing the property deal.