You need to take several thorough inspections of the resale flat that you are considering to purchase. There are some types of resale flats that it is not advisable to buy. Before you sit down with the home owner/seller to negotiate the price and pay a token, you need to make sure that there are no red flags in the house that you are considering.
Buying a resale property or pre-owned flat is difficult & complicated. One has to see and inspect at least 3- to 40 houses before striking a deal. Discovering the proper price or lowest price for the property is also a difficult job, and there is always the temptation to give a token. There is a lot of psychological & social pressure from the brokers to sign a token cheque or bank transfer a substantial token amount to the broker or flat-seller. Resist such pressures at all cost, because if you succumb to the pressure and make a wrong decision, it will cost your family its financial independence.
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