| ign="center"> | | | | payments. The seller insists for cash payment in order |
| You might be running out of patience while planning to | | | | to evade tax on the gains of property sell. On theother |
| purchase property. Sometimes getting the property | | | | hand, if your cash component of the payment |
| possession may take 3 to 4 years. To avoidsuch | | | | increases, you might not receive home loans on the full |
| delay, many opt for buying resale property. But, since | | | | price you are actually paying. |
| you would be buying an already used estate, you | | | | You are recommended to make sure that the building |
| would have to go through proper checklistfor buying | | | | is built according to the plans and layouts approved by |
| resale property. | | | | authority. The seller should provide youwith certificates |
| Important Checklist for Buying Resale Property | | | | of completion, occupancy and NOC or No Objection |
| Check whether the property is included in the | | | | Certificate. |
| government registry or not. Make sure that all the | | | | In case the age of your property exceeds more than |
| documents related to the registration of the | | | | 10 years, you are recommended to check the quality |
| propertyare available. You may also take help of legal | | | | and the durability of the building. Good qualitybuilding |
| experts to verify the authenticity of the papers. | | | | structures are necessary for safe living and would |
| Finding the debt status is an important part of checklist | | | | also save you from spending large sums of money on |
| for buying resale property. If the property is under | | | | repair and maintenance.iTrust is a leading personal |
| mortgage, then check its debt status andwhether it | | | | finance portal in India providing excellent services in |
| has approvals from authorities or not. Also, ensure that | | | | financial planning, real estate India, buying real estate |
| the property tax, water charges, society tax and | | | | properties in Gurgaon real estate |
| electricity bills are paid by theprevious owner. | | | | Report this article |
| Since the property you are buying has already been in | | | | This article is free for republishing |
| use for years, you may further need to invest money | | | | Source: |
| to repair all the wear and tear of thestructure. So, plan | | | | Republish this article |
| a budget according to the money you would have to | | | | |
| spend in renovation. | | | | Ask a Question About this Article |
| The cash component is another important checklist for | | | | >> Want to buy used slot cars |
| buying resale property. In India, the sellers force buyers | | | | >> Multi Level Marketing |
| to make the payment mainly in cash. | | | | >> Which Musical Instrument Do You Play? |
| You are recommended to avoid huge sum of cash | | | | >> Why do i have to pay Pa. |