How to Deal in Resale Property

Resale properties are those properties which are pre owned and are available for sale from the buyer. It may be used or it may be new, but buying a resale property is not always an easy task. So before you make a decision read out the following tips that can save you from falling in the pit.

Check out the NO OBJECTION CERTIFICATION - Before cracking the deal makes sure the builder has all the necessary documents and approvals from the authority. Since Noida is the realty hub where the mass of the projects are coming up, therefore duping buyers have become regular tasks of scamsters. So before you fall into the prey of them, get assured that your property is approved from all officials and authorities.

Make sure the property is registered - whether its residential, commercial or institutional plots in Noida, it is important that it should be registered. Don't seal the deal till the time you get to see the registration papers. Get legal experts on board if you feel doubted from the seller's side.  

Undisputed property - Make sure the property you are investing in is not under dispute territory. There were many projects in Greater Noida which were slashed by the courts and were termed as disputable property. Find out the complete information about the project you are investing in before you get into the monetary output.

Cash Involvement - It is very typical to finance a loan on resale properties. Added on seller may want you to pay partial amount in cash and the rest through Cheque, so make sure that the deal is not fraud and you don't get deceived by any fraud dealer.

Buyers and Investors dealing in Resale property in Noida and other regions in NCR need to be more careful as the numbers of cases are running as a matter of solicitation in courts where one party is running over the other over the fairness of it. Whether its residential or commercial property in Noida, a certain amount called property circle rate has been fixed by the authorities. This is the minimum amount you have to pay for buying the property. If you are paying less than this, then beware there is something really very fishy. Here are listed base prices of some locations of Noida for residential properties: - Noida - For developed sectors - Rs. 3,000 - Rs. 66,500 per sq. meter, for developing sectors - Rs. 26,000 to 28,500 per sq. meter, for rural areas - Rs.7, 000 - 15,000 per sq. meter.

Writer: Ravi Chauhan is a Real Estate Agent in Noida and he loves to explore the site like Brys Buzz and Lotus Square Noida to polish his experience and skills. He makes wise decisions and serves his clients to provide maximum profit in real estate industry.