Once the sale process is initiated the Seller starts getting sale proceedings in a few installments and he/she will receive the balance amount at the time of conveyance (sale deed registration). The Purchaser needs guidance on receiving monies and more importantly, needs an expert Financial Planner to make long-term planning for the sale proceeds receivable/received, make appropriate tax planning, and guide the Purchaser in investing sale proceeds, as per the needs of the family of the Purchaser. Hence it is highly advisable for the Seller to hire the services of a Financial Planner/CA, who is focussing on personal portfolio management.
Selling a Property:
A piece of time-tested advice is ‘selling of property should be the last resort!’ This is due