Questions and Answers


 

• Questions and Answers

Commercial property is a real estate property that is used for business activities. Commercial land also refer to land that is intended to generate a profit and larger residential rental properties.
  • Maya Raina
  • 2019-12-20

“Commercial” means the land is used for businesses, warehouses, manufacturing plants and parking lots. Commercial land can be any plot or subdivided area of land used for commercial purposes.
  • Vidya Sabnis
  • 2019-12-20

To find out the history of your house consider the following points :- 1. The national registry of historic places. 2. Look up old census records. 3. Conduct the title search. 4. Visit a local library or preservation foundation. 5. Ask your Realtor. 6. Read books on the area. 7. Ready to move.
  • Sumit Mishra
  • 2019-12-20

Yes. People who live on a commercial property are usually seeking to save money by allowing their business location to double as their home. And make sure that your living space is safe. Check your country’s zoning laws.
  • Maya Raina
  • 2019-12-20

To verify the property is legal or not considers the following points :- 1. Check the title papers. A property should have a clear title. 2. Ask for bank approvals. 3. Check the property tax slips. 4. Project has a registered society. 5. Encumbrance certificate.
  • Sumit Mishra
  • 2019-12-20

If you fail to pay your property taxes, you could lose your home to a tax sale or foreclosure.
  • Shriram Raghuvanshi
  • 2019-12-20

To calculate capital gains on sales of property, we need to calculate the difference between in the cost of purchase of the house and the sale price of the house.
  • Sumit Mishra
  • 2019-12-20

Stamp duty is a tax that is levied on documents. This included the majority of legal documents such as cheqes, receipts, marriagelicense and land transactions.
  • Sumit Mishra
  • 2019-12-20

The minimum down payment for commercial property is usually 20 to 30 percent of the real estate cost. For a small business administration, loan down payment for real estate is usually considerably lower, just 10% of the property’s price.
  • Viraj Raje
  • 2019-12-20

Following list of documents are checked before buying a property :- 1. Khata certificate 2. Conversion Certificate(Agricultural to non-agricultural land) 3. Building approval plan 4. Sale Deed 5. Mother Deed
  • Vidya Sabnis
  • 2019-12-20

It have been formalized if the seller the registration of documents carried out and the seller has received entire consideration amount and actual possession of the property has granted to the buyer.
  • Vidya Sabnis
  • 2019-12-20

Commercial properties offers more financial reward than residential properties such as rental apartments or single family homes but there also can be more risks.
  • Viraj Raje
  • 2019-12-20

Go to Tax Assessor’s office which will be located in a county government building. And request the property tax records for a specific property.
  • Shriram Raghuvanshi
  • 2019-12-20

Stamp duty value means any value adopted by any authority of the central government or a state Government for the purpose of payment of stamp duty of the immovable property.
  • Maya Raina
  • 2019-12-20

Real estate values are governed by demand and supply. Real estate values may change on a project to project basis.
  • Vidya Sabnis
  • 2019-12-20

A plot has high flexibility has the option of building as per requirements. Plots generate very low income and a higher risk of litigation with the flats generate higher rentals.
  • Anand Waychal
  • 2019-12-20

Yes. You can sell commercial real estate. A residential agent can transact on commercial property deals both sales and leasing as no additional license is required.
  • Shambhu Jamadagni
  • 2019-12-20

Compare mortgages that allows deposits under 20% so you can buy your property. A low deposit home loan lets you borrow more than 80% of a property’s value. You can save a 5-10% deposit and borrow the rest.
  • Sumit Pisal Deshmukh
  • 2019-12-20

Title clear property means holding of real property without any claims by others on the owner’s title and no history of past claims.
  • Shriram Raghuvanshi
  • 2019-12-20

Rental property can make money is through cash flow. For example, if you buy a house for ?300,000 and rent it for ?2,500 per month.
  • Sumit Mishra
  • 2019-12-20

Yes. You can do it at the district’s sub-registered office.
  • Maya Raina
  • 2019-12-20

The home buyer who pays stamp duty, not the seller. You don’t have to pay if you are purchasing a property worth less than Rs.125,000, unless it is a second home.
  • Sukhau Kamthe
  • 2019-12-20

Stamp duty is a tax changed by the government on the sale of property. It cover the cost of the legal documents for the transaction.
  • Shree GundPatil
  • 2019-12-20

While you can sell houseanytime after purchase, it's usually smart to wait at least two years before selling.
  • Shriram Raghuvanshi
  • 2019-12-20

Stamp duty is based on the market value or the agreement value of the property.
  • Viraj Raje
  • 2019-12-20

Only the buyer pays the stamp duty.
  • Anand Waychal
  • 2019-12-20

Following list of documents needs to verify of registry : 1. Title certificate from Advocate of current date. 2. Stamp duty paid receipt 3. Demand Draft for payment of registration fees. 4. PAN card of sellers and buyers 5. Khata Extract
  • Maya Raina
  • 2019-12-20

1. Draft an agreement between the parties involved in the transaction. 2. Preparation of the title deed 3. The land needs to be registered in a sub registrar’s office.
  • Maya Raina
  • 2019-12-20

Buyers and sellers both parties pays transfer fees when buying a house. The buyer pays for any fees relating to their mortgage loan and the seller pays the agents commission and fees relating to the transfer of property.
  • Shriram Raghuvanshi
  • 2019-12-20

The amount of commercial rates is calculated by multiplying the rateable valuation of the property by an Annual Rate on Value(ARV).
  • Anand Waychal
  • 2019-12-20

Villa is better than an apartment. Villa would be 3-5 times more expensive. Apartments in particularly high rise ones are high on maintenance compared to villa.
  • Anand Waychal
  • 2019-12-20

It is paid by the buyer with regardless to agreement and in case of property exchange, both the seller and the buyer has to share the stamp duty equally.
  • Maya Raina
  • 2019-12-20

Purchasing a plots is much easier as compared to buying residential property. Land is a tangible asset unlike stocks and shares.
  • Sumit Mishra
  • 2019-12-20

Most states have a law, identified as “the law of adverse possession,” giving someone the right to pay taxes on tax delinquent property and eventually become the legal owner.
  • Viraj Raje
  • 2019-12-20

Studio apartment is a single large room plus bedroom. The single room of the apartment must function as the kitchen, bedroom and living room. Studio apartment is a popular single room unit in the West, is fast catching up in the Indian real estate.
  • Maya Raina
  • 2019-12-20

Yes. They need to verify the payments you receive into a bank account. Agents are governed by the Privacy Act 2000, they are only allowed to use your bank statements for this purpose.
  • Shambhu Jamadagni
  • 2019-12-20

The following documents are required from the sellers end :- 1. Original 7/12 document. 2. Previous owners with the proper names on the title. 3. Encumbrance certificate from the sub-registers office for the last 30 years at least.
  • Shree GundPatil
  • 2019-12-20

Studio apartment is cheaper to rent a studio than a one bedroom apartment. The difference is only ?50, ?60 or ?75 per month.
  • Viraj Raje
  • 2019-12-20

The property document to be registered along with a copy is to be presented will the concerned Sub- Registrar by the seller. Both seller and the purchaser are present before theconcerned Sub- Registrar who admits the execution of the document.
  • Vidya Sabnis
  • 2019-12-20

Once all the initial checks are made and the land to be bought is property examined and the negotiation of the price is done, comes the process of actually buying the land. The 1st step of buying the land is to draft an agreement between the parties involved in the transaction.
  • Maya Raina
  • 2019-12-20

Yes. You can buy a residential property from sale proceeds of a commercial property to save capital gain taxes.
  • Shambhu Jamadagni
  • 2019-12-20

Most of people, are selling second-hand items for a very small amount of money and property do not have to pay tax on these earnings. That means, you do not have to notify and declare the income on your tax return.
  • Shambhu Jamadagni
  • 2019-12-20

Apartment cannot be compared to an independent house because the land belongs to an individual or joint owners, the building can be refurnishes or demolished and rebuilt. In the case of an apartment complex, all the owners have to agree before ant such decision can be taken.
  • Sumit Mishra
  • 2019-12-20

Go to the county recorder's office. The recorder's office has the deeds and records for your property on file as public record, which you can look up for free. Look at your house's design features.
  • Shriram Raghuvanshi
  • 2019-12-20

You can find the name of the owner of a house by going to the government agency that maintains these real estate ownership in a matter of public record.
  • Viraj Raje
  • 2019-12-20

To calculate the value of a commercial property using the multiply the Gross Rent Multiplier (GRM) by the gross rents of the property. To calculate the GRM, divide the selling price or value of a property by the subject's property's gross rents.
  • Shambhu Jamadagni
  • 2019-12-20

Apartment cannot be compared to an independent house because the land belongs to an individual or joint owners, the building can be refurnishes or demolished and rebuilt. In the case of an apartment complex, all the owners have to agree before ant such decision can be taken.
  • Maya Raina
  • 2019-12-20

To calculate value of a commercial property using the Gross Rent Multiplier(GRM) approach, simply multiply the GRM by the gross rents of the property. To calculate the GRM divide the selling price or value of a property by the subjects property’s gross rent.
  • Maya Raina
  • 2019-12-20

Go to Tax Assessor's office, located in a county government building. Request the property tax records for a specific property. You might be asked to fill out a written request. You'll need the property address to make your request.
  • Shriram Raghuvanshi
  • 2019-12-20

To buy commercial property in 7 steps :- 1. Make an offer and close the deal. 2. Identify a potential property in your market. 3. Lock down your financing. 4. Run the numbers on the property. 5. Evaluate different commercial property types. 6. Build the right team for the job. 7. Identify your motivations for investing.
  • Shree GundPatil
  • 2019-12-20

Stamp duty is fee that has to paid at settlement by the buyer, who has up to 30 days to pay. Until then, they don't receive title to the property.
  • Maya Raina
  • 2019-12-20

1. Register and license your business. 2. Lower your debt load. 3. Reduce your tax deductions. 4. Keep separate business and personal accounts. 5. Pay yourself W-2 wage rather than owners draw. 6. Maintain good records.
  • Viraj Raje
  • 2019-12-20

Stamp duty is a fee that has to paid during the transfer of an asset from one person to another based on the total declared value of the property.
  • Shambhu Jamadagni
  • 2019-12-20

Following list of taxes are involved in buying a house : 1. Document Preparation Fees. 2. Title Insurance. 3. Escrow Fees. 4. Appraisal Fees. 5. Private Mortgage Insurance. 6. Credit Report Fees. 7. Points or Origination Fees. 8. Homeowner’s Insurance.
  • Anand Waychal
  • 2019-12-20

Commercial property investment is yield higher profits than residential property investment. Also the risk associated with commercial properties is higher than the risk of investing in a residential property.
  • Shree GundPatil
  • 2019-12-20

Buyer needs the original Title Deed, Sale Deed and tax receipts etc.
  • Shree GundPatil
  • 2019-12-20

The 2% rule says that for a rental property investment to be “good”, then monthly rent should be equal to or higher than 2% of the purchase price of flat.
  • Shriram Raghuvanshi
  • 2019-12-20

Yes. You can sell your home whenever you want, but you're lose money if you sell within the first six months of owning.
  • Maya Raina
  • 2019-12-20

The main difference is you will have more luxury and the privacy in villa than in house. Villa is not a affordable one but a house is. The luxurious counterpart of a row house is called a villa.
  • Maya Raina
  • 2019-12-20

Independent building means a building exclusively for you on a piece of land. In case of this, you have to maintain the entire space by yourself.
  • Anand Waychal
  • 2019-12-20

The current capital rents under the new 2018 tax, 15% and 20% depending on your income. The 2018 capital gains tax rate is holding steady through 2019, but the income required for each rate has changed.
  • Shree GundPatil
  • 2019-12-20

Studio apartment is good option for investment. Many Indians consider real estate is a safe investment option, so buying a studio apartment, for which you need to pay a home loan EMI of Rs 7,000- 11,000 can be a feasible choice.
  • Sumit Mishra
  • 2019-12-20

The valuation process evaluates the market value of the property. Quality of construction, its location, the local infrastructure available, maintenance are all gives me before the market value is decided.
  • Shree GundPatil
  • 2019-12-20

Legal fees needs to pay when buying a house. Legal fees are typically ?852-?1,500 including VAT at 20%. They will also do local searches which will cost you ?200-?250 to check whether there are any local plans or problems.
  • Maya Raina
  • 2019-12-20

Contact the local property tax authorities in your municipal office and request them to convert it to residential to commercial. They will do it by revising the property tax.
  • Shambhu Jamadagni
  • 2019-12-20

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