How to Purchase Resale Flats

Ask this 7 questions to You before purchasing any Resale flats

1.What will be the Price Difference?2.Do I know the Distinctive issues in Resale flats?3.Do I am a Beneficiary?4.What I suppose to Inspect?5.Do they informed the flat is not mortgaged?6.How about my choice?7.Will be useful for me?

1. What will be the Price Difference?

• The price of resale flats depends on various factors like city, locality, construction company name, age of the flat.• Always check the particular locality flats price per Sq. Ft before you approach any broker or surf on internet.• Compare the price of resale flats on with nearby localities to choose the best flats of low price and elegant living.

2. Do I know the Distinctive issues in Resale flats?• Check the down payment will not exceed 20 % of the total cost since this is higher than that of construction companies.• Be prepare to pay reasonable fee for registration fees, stamp charges, transfer fees, utility fees and any real estate agent fees.• Check whether the flats has existing dues with the previous owner or community.

3. Do I am a Beneficiary?• Buying a resale flat can reduce the extra amount and you can save or expense this amount to pay EMI for home loan.• There is no hidden tricks of builders or any false commitment of giving extra features.• There is an option of immediate possession which helps you to reap the tax benefit from the initial EMI.

4. What I suppose to Inspect?

• Check the documentation is proper from the first sale of property. • Check the Flats corner to corner for any damage.• Check whether he is the true owner.

5. Do they informed the flat is not mortgaged?

• Check the flat posses any loan from the bank, if it so then you need the legal papers from the bank to proceed further.• The owner should avail this legal paper from the bank as soon as the buyer deposit the amount to the bank.

6. How about my choice?

• Your choice of selecting the Resale flats should be the age of minimum 10 years.• Do background verification about the resale property and the owners before you agree.• Do check about the surroundings and take a correct decision before registering the property.

7. Will be useful for me?• Check whether the resale flats located in a good place like outskirts as wells as proximity to the city. hence the property value will increase after few years incase you want to sold and if it is proximity to the city then you could not find any difficult for ups and down to office and shopping.• You can save more money and use that for future savings.• Bengaluru is the top place for resale flats and new projects sale as per the survey of this year.• The locality like hsr layout comes with different options of resale flats sale within reasonable price range. One can blindly search flats for resale in hsr layout since it posses with plenty of merits.