Things NRIs Should Consider While Selling Their Properties In India 

If buying a property can be a stressful affair then disposing of the same can be equally burdensome. If for some reason, say shifting to a new place, you need to sell your property then there are a lot of things you should be careful about. So, today we will bring to you the matters you should consider before selling your property. 

Is It Necessary To Sell Your House? 

This is something you need to ask yourselves. Don’t be in a haste to sell the property. You should have a strong reason for selling your home in India. In case, you happen to be an NRI, who has settled in a foreign country for good, then you can dispose of the asset if you have no plans to come back to India and are unable to manage the same remotely. But even then if the realty market is down it is better to wait for an opportune time to sell the property. So, be objective while dealing with property matters. 

Put It On Rent If The Market Is Down 

Being an NRI you might not be staying in your home in India but your family might be. And you want the best for your family, so you are shifting them to a larger space. Even then the possibility of selling does not arise as you can put it on rent for the time being and shift your family to the new space. However, if you are in dire need of money for some purpose in your newly adopted country then you can think of selling the property. Again you must be careful in your dealings. 

Evaluate Property Appropriately 

If you have decided to liquidate the property then it is better to get your property evaluated by an expert. Being an NRI it can be a bit difficult to know the actual rate of property in your area and the person assisting you in selling the property would be more interested in sealing the deal rather than caring about your profitability in the entire deal. In such circumstances, it is better to know the prevailing rates, so that no one can shortchange you. 

Seek Help In Selling 

You might be based abroad and don’t spend much time in India, then it is always better to take the help of some professional to sell off the property. Go solo in property matters only if you can perform the task yourself. Disposing of your assets is a task of humongous responsibilities, and any mistake on your part can cost you badly. So, there is no harm in taking the assistance of professionals in such matters. 

Subscribe to our Newsletter

Don't miss important NRI related news - just give your email ID to get it in your inbox - it's free

Click here to subscribe Telegram Channel