Budget Friendly options

Buying a home takes a lot of time, you need to find a home that’s right for you. A newly constructed flat in a huge building society might not be what you’re looking for. Perhaps, it’s an old home with a garden that you prefer or one that’s in the heart of the city and has some history; resale homes have plenty to offer in these cases. 

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What is a Resale Property?

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A resale home is a home that was purchased and is ‘For Sale’ by the initial buyer. A resale indicates that the property is being sold to someone new from someone who was assigned the same property before. Essentially, the resale property can either occur from the first allotted or the beneficiary who had bought the same from someone else previously.

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Benefits of Buying a Resale Flat

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Resale properties are viewed as more financially sensible than purchasing a ready-to-move-in home, as various elements like the property's age, overall price, depreciation over time, and needed renovations decrease the expense. Regardless of what draws you to purchase a resale property, there are numerous advantages to acquiring a resale flat, such as –

• Location

• Larger Area

• Ready to move in

• Save on Taxes

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No sale of property, apartments, villas etc. is possible without the right documents. These are the documents required for resale flat registration when buying a resale property-

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• Sales Deed: the primary legal document

• Plan: the building plan will tell you if the building is sanctioned and approved

• Occupancy Certificate: says the building is fit for habitation

• Encumbrance Certificate: the house has no liabilities

• Tax Receipts: there are no pending tax payments, everything is up to date

• Mutation Deed: access to all previously registered agreements

• NOC: No Objection certificate

• Possession Certificate: from builder to owner then to you

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