Buy Cheaper Flats in Resale Market

“You can’t take anything at face value here, so you must thoroughly scrutinise all the property documents, especially those that verify the seller as the real owner of the property, who has the right to dispose it off,” advised Om Ahuja, CEO, Residential Services, Jones Lang LaSalle India.

Apart from the actual property price, buyers need to consider other costs as well, like property registration charges, transfer charges to the housing society and so on. It is better to confirm that seller has paid off all the dues and taxes before selling the house to you. Adding to it, resale flats comes with some minor problems like obtaining club membership and parking spaces. “If the first buyer did not buy the parking space, the new buyer may not be able to get a new parking lot even if he is ready to pay for it,” added Ahuja.

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