A Step by Step Guide for Buying Resale Property
Loan Eligibility
Buying a resale property would definitely provide you with a bigger space in case of older properties. However it is best to note that some banks may not lend money on buildings older than 10 years. This may be due to the reason that they may not want to take the risk of the price of the property going down. Banks also make sure to ensure that the bank's outstanding loan should always be lower than the value of the property in the market.
