Most of the people wish to shift in the locations that are within the city and that keep them in their comfort zones like closer to workplace or closer to children’s school etc. to get a new place they would need to sell off their existing property. There is always an advantage of purchasing a resale property as it might be in a better location and will have to deal with one individual rather than the entire builder’s sales team.

Sandeep Sadh, CEO of Mumbaiproperty.com says that when the buyer approaches the developer then the salesperson uses all kinds of tactics to make a quick sale so that the buyer doesn’t get a chance to question much. So in case of resale of a property the buyer has ample time to examine the pros and cons of the deal before making a decision.

He also says that one more advantage of buying a resale property is that the bank pays much attention to the house that they are going to finance and so the necessary approvals will be taken by the relevant authorities. Amit Nanda bought a 2 BHK house few years back for 35 lakh as the seller had an outstanding loan of 5 lakh.