Home as Asset

[sharma87]

Hi,
Can i show home as my asset ? If yes how will i show the value ? What supporting documents will i have to attach ?

Thanks in advance.

 

[explorer101]

Hi,
Can i show home as my asset ? If yes how will i show the value ? What supporting documents will i have to attach ?

Thanks in advance.

Cash in bank is the requirement, immovable property is not a good POF.

 

[polara69]

Hi,
Can i show home as my asset ? If yes how will i show the value ? What supporting documents will i have to attach ?

Thanks in advance.

Was accepted in my case, 2010

 

[maina]

Hi,
Can i show home as my asset ? If yes how will i show the value ? What supporting documents will i have to attach ?

Thanks in advance.

this is fixed asset.. if other than liquid assets u want to highlight this then there are property evaluator available in every area.. search for registered property evaluator of ur area and get it evaluated .. if u r in delhi .. then they will charge you RS. 3000 to 4000 per plot/property evaluation
they wil issue u the certificate that so and so is the value of your property.. submit that

 

[explorer101]

Was accepted in my case, 2010

Some VO's accept immovable property as POF, however largely they do not accept. That member's Visa Office is New Delhi and they do not accept it.

 

[Vats]

You consider POF in this way
Asset = your home, shope (any immovable property) + Gold + FD + bank amount etc
Liability = your pending loan amount if any
Settlement fund = the fund you can immidially transfer to CANADA (which is FD or bank balance or any liquid fund)

so I advise in Asset you show only liquid fund (as valuation of immovable prop etc is time consuming and costly)
in liability show 0
and in settlement fund show same as asset amount (as you have shown only liquid fund)
this is the best way

 

[sharma87]

Thanks everyone for advise.

 

[canadaforall]

Was accepted in my case, 2010

it is a case by case issue and depends on the visa officer's decision. So he should find out from his visa office what the accept for proof of funds.

Canadaforall.

 

[PMM]

Hi

Hi,
Can i show home as my asset ? If yes how will i show the value ? What supporting documents will i have to attach ?

Thanks in advance.

1. London accepts value of home for initial application, but you still require liquid funds to "land". You can't eat a house to live in Canada, you need cash, unless it is a gingerbread house.