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Selling property in India to buy a home here   Si   03/12/2018 07:36 PM  

Is it a good idea to sell property in India and pay 25% down payment to buy a home here? Or have high monthly mortgage payment and keep property in India? Second option means tight life and less money in bank account. . First option means property in India gone.

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Re: Selling property in India to buy a home here   AB   03/12/2018 07:42 PM  

It is worth paying 20% in US. This helps not paying PMI which is a good amount !

conditional sell does not work most of the time well.. reason being Indian property market is not good. Not much buyers !
You cannot keep waiting for sell one and buy another; usually that does not work well !

Most possible one is,
Buy in US and when you sell indian properly, you can bring that money and pay some more

OR

Wait for India property to sell; not sure how long that will take !




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Re: Re: Selling property in India to buy a home here   Kiran   03/13/2018 10:08 PM  

50-50

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Re: Selling property in India to buy a home here   Desi   03/14/2018 09:35 AM  

Don't ever commit this mistake if you are on visa.

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Re: Re: Selling property in India to buy a home here   Ct Desi   03/14/2018 12:51 PM  

The ROI on property is way greater here than in India.

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