Our Real Estate services provides reliable, transparent property selling and buying assistance. People who want to buy or sell property finds the going tough as they are not able to evaluate local Real Estate market conditions due to poor access to legal information. With our analysis and information that we share, we will make sure you make highly informed choice every time. Our experienced team will guide you at every stage and make the deal a pleasant experience.
We have become a trusted name among Non residents, OCI, NRI’s and we are highly recommended as a reputed Property Management and Real Estate company. The founders have more than 35 years of experience in Real Estate. Our services are currently available in all areas of Chennai and Coimbatore. Step by step process for buying and selling properties are given in detail below.
Real Estate
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Real Estate – Buying Assistance
360 Property Management Services provides reliable and transparent Property buying assistance. Our buying assistance process steps are listed below.
Step 1
The Property buyer provides the following
a) Preferred areas for purchase of the property
b) Type of Property – Apartment, plot, Independent house etc.,
c) Amount of investment planned
d) Outright purchase or going for Home Loan?
Step 2
a) Buyer will enter into a MOU (Memorandum of understanding) with 360 Property Management.
b) A non refundable commitment Fee of Rs. 10,000/- will be payable along with MOU.
c) Amount will be adjusted towards final service charges payable to 360 Property Management when Buying transaction is completed.
Step 3
a) 360 Property Management will identify properties in the preferred area for the buyer
b) Builders list in the preferred area will be short listed
c) The list will be shared with the buyer along with prevailing rate.
d) The buyer chooses the property and informs to 360 Property Management.
Step 4
a) 360 Property Management will negotiate with the builder for price, amenities and other terms on behalf of the buyer
b) If the building is under construction, payment installments will be negotiated by 360 Property Management.
c) Verification of the documents through legal team (Land document/ building approval documents)
d) Additional fee for Attorney payable for the above service as per MOU.
Step 5
a) Buyer will decide if Signing will be done in person or through POA ( Power of Attorney)
b) POA document to be made available by the buyer, if applicable.
c) Advance to be paid for the property along with sale/construction Agreement
d) 25% of Service charges payable to 360 Property Management.
e) If the property is a Plot or Ready to occupy house go to Step 6
f) If under construction, periodic photos and other updates will be provided
g) Coordinate proportionate payment and obtain receipts from Builder
Step 6
a) Preparation of Sale deed documents for Registration
b) Attorney fees payable separately for Step 6a.
c) Procurement of stamp paper/eStamp – value of the stamp cost payable.
d) Registration of documents against final payment to builder/ Owner and 360 Property Management’s Service Fee
e) All registration expenses including Registration fees to the buyers account.
f) Property Inspection from Registrar office
g) Collection of registered document from Registrar Office and handing over to buyer.
Optional Services at extra cost
1. Property Management Service
2. Rental Assistance
3. Modular Kitchen
4. Electrical Fittings
5. Air Conditioning
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Real Estate – Selling Assistance
360 Property Management Services provides reliable and transparent selling assistance for your Property. Our selling assistance process steps are listed below.
Step 1
The Property seller provides the following
a) Complete street address of the property
b) Survey details, if available
c) Type of Property – Apartment, plot, Independent house etc.,
d) Location of Property – City Limits or Panchayat limit
e) Expected Sale Price
Step 2
a) Property walk through and inspection by 360 Property Management.
b) We will make an assessment of the property value
c) The value should be more or less match with Sellers expected price
d) Arrive at a selling price
Step 3
a) Pre sale agreement between seller and 360 Property Management will be signed with payment of initial fee
b) Verification of documents will be done by 360 Property Management.
c) If documents are found to be satisfactory – one set of copy will be provided to 360 Property Management.
d) One set of keys will be provided by the seller to 360 Property Management.
Step 4
a) In case the documents are not perfect and additional documents are needed – it will be obtained by 360 from appropriate departments at additional cost to the seller
b) Up to date Encumbrance Certificate will be obtained
Step 5
Search for Potential buyers’ using the following methods:
a) Advertise in our company web site
b) Advertise in our company Social Media sites
c) Advertise in Local and National News papers
d) Online Real Estate web portals
e) Connect with Local Brokers
f) Our NRI clients will be informed about the property for sale
g) Our Corporate contacts will be informed about the property for sale
Step 6
a) Property will be shown to potential buyers
b) Rate Negotiation
c) Documents will be shared to the prospective buyer after collecting commitment fee
d) Buyer will verify the documents
e) Drafting of Sale agreement
f) A percentage of the property value will be collected as advance payment from buyer
g) Either owner or his POA will sign document
h) 2nd installment to 360 Property Management to be given as per agreement.
Step 7
a) All registration expenses including registration fees to the buyers account.
b) Registration of documents against payment.
c) Handing over of all parent documents to the buyer
d) Settlement of service fee to 360 Property Management Services.