Buy Cheaper Flats in Resale Market

Also check the problems or disadvantages

Advantage and disadvantage comes with almost everything and buying property in resale market is no exception. On one hand you are getting what you paid for but on the other hand, you have to keep enough money for down payment because down payment is much higher in the resale market then the one asked by a developer. Besides, developers ask about 20 percent of the total property value. Many a time, seller of the resale flat may ask you to may partial amount in cash, for which you may have to borrow money from bank. So, before buying a flat in resale market, ensure that you can pay 25-30 percent from your own pocket. Remember, when you are buying flat particularly in resale market, you are more dealing with an individual seller and not the developer.

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