Resale Property Purchase Checklist: for Buying a Resale Apartment/ Flat

Today, it is becoming more and more difficult to get a residence of your choice. Builders make tall claims for under-contruction apartments, quote very high charges, take years for it to complete and at the time of giving the possession, they do not deliver what was promised. Common people like you and me find it difficult to undestand the complex jargon mentioned in the agreement where everything is in favour of the builder and we fall prey to their tactics.
However, some of these problems can be avoided if you go for a ready possession apratment or a resale property. Resale properties are the ones which are already bought & ownded by an existing customer and he is now willing to sell it off due to some or the other reasons. In this series of articles, we will provide a

Checklist for resale property purchase

which the prsopective buyers should keep in mind before signing the resale deal.
The reasons for resale of a property can be many - the real estate prices might have increased, so the seller may be willing to capitalize on that profit. The seller may be in urgent need of money. The seller might be shifting to another location or city. Or the worst of it, there may be problems with the property he has bought, so he wants to dispose it off and get rid of the problems - basically, passing on the problem to the new buyer.

The last situation mentioned above is the worst, so there the new buyer should be extra careful about buying a re-sale property or apartment.
Anyways, lets start with the Advantages Of Buying A Resale Property