REAL ESTATE

Our Real Estate Services provide reliable, transparent property selling and buying assistance. People who want to buy or sell property find 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 a 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, OCIs, and NRI, 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, India. Step by step process for buying and selling properties is given in detail below.

Real Estate
Buying Selling

Real Estate – Buying Assistance
EKA 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 an MOU (Memorandum of understanding) with 360 Property Management.
b) Amount will be adjusted towards final service charges payable to EKA Property Management when Buying transaction is completed.

Step 3

a) EKA Property Management will identify properties in the preferred area for the buyer
b) Builders list in the preferred area will be shortlisted
c) The list will be shared with the buyer along with the prevailing rate.
d) The buyer chooses the property and informs EKA Property Management.

Step 4

a) EKA 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 EKA Property Management.
c) Verification of the documents through the 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 EKA 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/stamp – the value of the stamp cost payable.
d) Registration of documents against final payment to builder/ Owner and EKA Property Management’s Service Fee
e) All registration expenses including Registration fees to the buyer’s account.
f) Property Inspection from Registrar office
g) Collection of registered document from Registrar Office and handing over to the 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
EKA 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 the 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 EKA Property Management.
b) We will make an assessment of the property value
c) The value should more or less match with Sellers expected price
d) Arrive at a selling price

Step 3
a) Pre-sale agreement between the seller and EKA Property Management will be signed with payment of initial fee
b) Verification of documents will be done by EKA Property Management.
c) If documents are found to be satisfactory – one set of copies will be provided to EKA Property Management.
d) One set of keys will be provided by the seller to EKA Property Management.

Step 4
a) In case the documents are not perfect and additional documents are needed – they will be obtained by 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 on our company website
b) Advertise on our company’s Social Media sites
c) Advertise in Local and National Newspapers
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 with the prospective buyer after collecting the 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 the buyer
g) Either the owner or his POA will sign a document
h) 2nd installment to EKA 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 EKA Property Management Services.

Tags: Real estate and property management company in chennai.