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Buying And Selling Assistance

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Real Estate – Buying Assistance

Jeyam Properties 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 a MOU (Memorandum of understanding) with Jeyam Properties.
  • b) A nonrefundable commitment Fee of Rs. 10,000/- will be payable along with MOU.
  • c) Amount will be adjusted towards final service charges payable to Jeyam Properties when Buying transaction is completed.

Step 3

  • a) Jeyam Properties 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 Jeyam Properties.

Step 4

  • a) Jeyam Properties will negotiate with the builder for price, amenities, and other terms on behalf of the buyer
  • b) If the building is under construction, payment instalments will be negotiated by Jeyam Properties. 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 Jeyam Properties.
  • 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 Jeyam Properties
  • Service Fee e) All registration expenses including Registration fees to the buyer’s account.
  • f) Property Inspection from Registrar office
  • g) Collection of registered documents 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

Real Estate – Selling Assistance

Jeyam Properties 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 walks through and inspection by Jeyam Properties.
  • b) We will assess the property value
  • c) The value should be match with Sellers expected price
  • d) Arrive at a selling price

Step 3

  • a) Presale agreement between seller and Jeyam Properties will be signed with payment of initial fee
  • b) Verification of documents will be done by Jeyam Properties.
  • c) If documents are found to be satisfactory – one set of copy will be provided to Jeyam Properties.
  • d) One set of keys will be provided by the seller to Jeyam Properties

Step 4

  • a) In case the documents are not perfect and additional documents are needed – it will be obtained by Jeyam Properties 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’s 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 instalment to Jeyam Properties to be given as per agreement

Step 7

  • a) All registration expenses including registration fees to the buyer’s account.
  • b) Registration of documents against payment.
  • c) Handing over of all parent documents to the buyer
  • d) Settlement of service fee Jeyam Properties.