How To Buy Properties On Resale?

Ostensibly, the best time to buy a property is when the project has just begun

. If the builder is quite reputed and there are no issues of legal and financial nature against it, then one shall not delay in investing in the project of that buyer. As the time passes by, the project is only going to get costlier. Quite often, people tend not to invest in the project, even if it from a reputed builder such as Omaxe Heights Faridabad as they lack the oversight to see how the future rates of properties would move and remain undecided. Indecision might cost dear since buying properties at a future date will most likely be costlier than the present times.

However, even if you have missed out on buying the property such as Omaxe Heights and the project is sold out, you can still go ahead to buy it in the resale. It is quite obvious that the prices would be high. This is a penalty which you need to pay for your indecision to book the unit when it was initially being launched. So, do not expect the rates to be lower and be prepared mentally to meet the high prices when you go for making enquiries in the market.

The two most important sources where you can go are the property dealers and the builder itself. Since there could be a number of dealers or channel partners for a particular project, it is better to make enquiries with them as they are likely to have the latest information of resale units in Omaxe Heights as they are closer to the people who might have invested on their reference. While it might be a little inconvenient to make enquiries in the beginning since there could be a number of these dealers located in different parts of the city, these can give you real chance of getting the property at lower rates than the ruling market prices.

Even though you are at a disadvantage with respect to the prices, you shall keep this in mind that the person who is selling the property has his or her own reasons for exiting and therefore, he or she too needs money. Therefore, you shall negotiate well and never give the other person the impression that you are dying to get hold of the property. If you miss one chance of buying, there could be other units within the same project which might be on sale.

Another important point to note to ask is for the distress-sale properties. There could be units whose owners might be looking to get one shot payment and for that, they might offer heavy discounts. Usually, this is tightly held information and is more likely to come forth as you dig deeper. So, even if you missed the bus in the initial stages, it is never too late in buying property since it is assumed that rate appreciation will continue to happen in future.

by: kamal bhatt

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