IREF® Real Estate in India - Property Discussion
Revert to old theme

Download our app now !

Reply
1Likes

Pros & Cons of Cash Component While Buying & Selling of Property
March 24 2011 , 07:51 AM   #11
Member

raja625's Avatar
 
Join Date: Jul 2010
Posts: 390
Likes Received: 19
My Mood: Angelic

Thanks guys for all the inputs. I really few new things and I am sure there are many like me in forum who will learn if we keep sharing this information.
June 10 2014 , 09:47 PM   #12
New Member

RajaTRKS's Avatar
 
Join Date: Feb 2014
Posts: 5
Likes Received: 1

Hi , Have anyone sold land property with partial cash ?

We are planning to sell a land property in Chennai

Probably at a price 1.5 c
But Guideline value is 60 L

In case buyer ask for payment mode 60L (dd/cheque) + 90 L cash
what are things I should consider before agreeing for sale?

1)how safe is this ? should insist for full dd/cheque ? ( though i don't prefer cash, most buyers prefers )

2) practically how it works ?
I have no clue how it would work , since the documentation is for 60L ,
I like to know these thing

when the transaction of cash takes place ? after registering or before registering ? where it will takes place ?
how to validate the cash ( original or fake / old notes etc) ?
how to even count a this much cash in a public place lol ? (silly though) hmm

really appreciate is some one can throw an idea

Regards
June 11 2014 , 02:06 AM   #13
Member

Findestate's Avatar
 
Join Date: May 2013
Posts: 221
Likes Received: 39

White is always good... Stress free transaction....

Cash is mostly given on final day before that all cheque

I personally don't think cash deal is safe as all people engaged in deal knows you will carrying big cash that day and bad things may happen

So if buyer is ready to pay all amount by cheque and you have plans to re-invest capital gains in RE or ready to pay capital gain tax white deal is anyday recommend for sellers.
RajaTRKS likes this.
June 14 2014 , 02:38 AM   #14
New Member

RajaTRKS's Avatar
 
Join Date: Feb 2014
Posts: 5
Likes Received: 1

Thank you Findestate ,


it would be nice if some one can tell the check list for cash transaction
whats are the things one should be careful about ?

Regards
June 14 2014 , 12:00 PM   #15
Member

pgupta134's Avatar
 
Join Date: Feb 2013
Posts: 123
Likes Received: 13

I had one question - if a property in resale is 4000 PSF - who will pay more or less than this psf - a guy paying all white transaction or coloured transactions ?
June 15 2014 , 12:38 AM   #16
New Member

RajaTRKS's Avatar
 
Join Date: Feb 2014
Posts: 5
Likes Received: 1

cash-more other-less


Quote:
Originally Posted by pgupta134
I had one question - if a property in resale is 4000 PSF - who will pay more or less than this psf - a guy paying all white transaction or coloured transactions ?
Choose theme from here -
LinkBack
LinkBack URL LinkBack URL
About LinkBacks About LinkBacks