Investing in property is not as easy as a walk in the park. An NRI faces alike problems as an indigenous one. But hiring a veteran real estate consultant with good repo can solve most of his problems. Hiring any consultant of the housing sector may leave you puzzled. But a professional consultant can win half of the battle of property investment for you. However, he should have honesty, sugary tongue and self-driven personality.
But these traits are not enough. The Indian diaspora abroad should look an acknowledged one. That consultant should have map of localities and market scanned in his mind. Built up connections with MCD, real estate companies, appraiser and other housing departments would be appreciable if the real estate consultant has these. He should be excellent in pursuing the buyers and sellers of property. Negotiation abilities will be in his blood. His utmost good faith among the property buyer and seller community can help the buyer as well as the seller of the property. As a middle man, he should look after buyers and sellers’ requirement carefully. Paperwork is the most burdensome task to battle with. He should be well versed with it. Acting as a legal advisor, he should have every detail regarding home loan, other property documentation and its taxation policies. Mostly NRIs think about what taxation policies regarding property should be executed. They don’t of have idea of the recent amendments and the prevalent laws. Most of the worries about receivable payment hover over the mind of the seller. And the buyer falls in between the dilemma whether he would get the charge of the property within the said timeframe or not. The real estate consultant sorts all these problems himself. If he possesses all these qualities, the migrant can take a sigh of relief during property investment.
I am also in the housing business. And I appreciate whatever is written is well said. India lacks professional real-estate consultants. But all can be very much benefitted if they go for the professional help.