Goa Real Estate ... 
  Should I rent or buy a property in Goa?
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Goa Real Estate Calculator

Finding a Home In Goa
If you plan to rent or buy a property in Goa, finding your property will be a major step in your relocation to Goa. If you have not lived in Goa, you should rent rather than buy your property in Goa, at least for six months. If you would like to rent or buy a real-estate property in Goa you may email us at webmaster@india-travel-guide.de with your real-estate questions.


It is the best way to know not only if Goa is the place you want to live or retire for the next few years, but also if Goa is suited for you.

Apartments & Houses in Goa
If you are planning on living in Goa, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don’t count on real-estate agents in Goa to point out the negatives of a place they’re trying to rent or sell you.

Goa Agencies
Real-estate agencies in Goa advertise in local Goa newspapers and as well on their office windows.

You should be able to notice a real estate agency in Goa by the window full of ads for the different apartments or houses they have available for rent or sell in Goa.

Before you begin working with an agency in Goa, check that their fees are acceptable and that they are a member of the Goa Real-estate Assocation. In most rental agreements in Goa most agencies charge a month’s rent for a twelve-month rental agreement.

When selling a property in Goa, real-estate agents in Goa usually charge between 2.5% and 3% of the final sales price.
Monthly rent Goa:€
Monthly Goa rental insurance:€
Expected annual inflation rate in Goa:  %
Purchase price of property in Goa:€
Down payment amount:€
Length of Goa mortgage term (years):#
Goa Mortgage's annual interest rate:  %
Discount points on purchase of home in Goa:  %
Origination fees:  %
Other loan costs in Goa:€
Mortgage Insurance (PMI):  %
Goa Homeowner's insurance rate:  %
Monthly association dues in Goa:€
Average monthly maintenance of Goa property:€
Goa Annual property tax:€
Goa plus government income tax rate:  %
Interest rate you expect to earn on savings in Goa:  %
Expected percentage your Goa home will appreciate by each year:  %
Number of years you will stay in Goa:#
Goa Realtor commission rate:  %
Total estimated cost of renting a property in Goa:€
Total estimated cost of buying a property in Goa:€
After coming to an agreement on a rental or purchase, both parties in Goa sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Goa with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Goa will be affixed to the agreement.

Renting
Real estate agencies in Goa are the safest way if you want to rent or buy a property in Goa. Please make sure they are a licensed agent in Goa and very familiar with the Goa property market.

Local newspapers in Goa also advertise apartments and houses for rent, but word of mouth is the best way in Goa. If you are currently an academic in Goa, you could check local at local universities in Goa, where apartments or rooms for rent are commonly posted.

In general rental rates in Goa, increase by a small percentage each year in accordance with the government’s annual cost of living reports in Goa. You can find yearly leases in Goa, and more short-term housing is available near academic institutes or around tourism areas within Goa.

Short-term tourist housing in Goa is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Goa.

If you want to buy a property in Goa, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Goa to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Goa.

If you are buying a brand new property, you’ll need to pay property tax in Goa. If your purchase is a luxury property, you may have to pay local taxes in Goa and possible stamp duty.

Even as a non-resident homeowner in Goa, you may become liable for all kind of taxes in Goa, including income tax.

Goa Mortgages
If you plan to take a mortgage in Goa you need at least a 20% downpayment of the purchase price of the property in Goa. Even if you generate rental-income from renting your Goa property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Goa Real Estate calculator will help you to compare the costs of renting a house or condo in Goa to the costs of buying a house or condo in Goa. Since there are all kinds of forces at work behind the scenes such as the current interest in Goa, Goa property taxes, tax savings, appreciation in general to investments in Goa, comparing the cost of renting to the cost of buying in Goa is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Goa Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Goa.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Goa

  • Goa Multi-Family
    Traditional, multi-family residential complexes located in Goa and suburban markets of Goa.


  • Goa Mixed-Use
    Properties in Goa that integrate and combine residential with different uses, including retail and office spaces.

  • Goa Office
    Traditional office or office type properties in Goa.


  • Goa Retail
    Properties in Goa with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Goa.


  • Goa Light Industrial
    Single- or multi-tenanted spaces in Goa used for warehouse, manufacturing, distribution, or research and development in Goa.

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