Tuesday, 5 September 2017

The Resale Advantage

Investing in a resale property has its own share of advantages. We highlight some of the benefits
Why should you invest in a resale property? Well, the reasons are aplenty but we list down top five reasons for you:




1 TESTED PROPERTY:

A resale property is already a `tested' one and the buyer can further investigate various aspects from the neighbours and people living in the same locality.The buyer needs to focus on the quality of construction and the property price while buying a resale property. “A resale property ensures on-time delivery with no unpleasant surprises,“ says Rohini Sarkar, a resident of Andheri (e).

2 LESS CHANCES OF FRAUD:

People sometimes get cheated when they buy an undere construction property.

Though a developer may seem to be financially sound, it is most likely not possible for a property buyer to evaluate his balance sheet and therefore, the chances of a fraud increases in case of under-construction properties. The resale properties are mostly ready-to-move-in ones; thus, the buyer just needs to verify the authenticity of the property and its papers.

3 IMMEDIATE POSSESSION:

Dharti Kothari, a resident of Borivali (w) says, “A resale property gives you the option to move into your new home immediately. Also, the need to spend extra money on the rented accommodation is ruled out. Immediate possession keeps the buyer safe from construction delays and you know how your property looks like and what all would you get along with it.“

4 BANK LOAN EASILY AVAILABLE:

As a resale property comes with the ready-to-move-in advantage; banks are not hesitant to approve loans for such properties. The bank's duediligence takes very less time and you don't need to wait for the loan disbursement (that takes more time incase of an under-construction property).

5 GOVERNMENT CLEARANCES IN HAND:

It has been noted that in the last few years, the work on an under-construction property project is usually halted due to legal disputes, a lack of environmental clearances, etc.When you buy a resale property, you know the exact number of clearances you need.


Read More: http://bit.ly/2xLoP91 
Source: The Times of India