Resale might require dealing with some mandatory expenses like registration fees, stamp charges, transfer fees, utility transfer fees and real-estate agent fees among many others.
Sometimes, the previous owner may not have cleared the dues with the society or building management, which would need to be doled out by the new owners.The other corollaries might include minor expenses allotted towards home makeover, parking/security charges, society membership fees and a couple of other overheads.
The vital things taht are to be taken care of before buying the resale property are :
Checking the documentation carefully is the foremost thing that demands due consideration.
It is essential to check whether the seller is the true owner of the property.
It is also vital to ensure that the seller doesn't have any dues to the society, building or against the house that you may have to pay later.
It is imperative to check the physical condition of the flat before investing your hard earned money into it.
Certain documents to be confirmed are:
1.Sale deed.
2. mother deed,
3. Encumbrance certificate,
4. Tax paid receipts.
5. khatha
6. Occupation certificate,
7. Building approval plan,
8. Record of Tenancy rights (RTC)
9. Possession certificate
10. Conversion order(if any),