There are pros and cons to buying a resale home or new property. I have previously written about the pros/cons of buying pre-construction property. In this article, I will explain the pros and cons of purchasing resale property. Note: A resale property is a home/condo that is purchased from the previous owner of the property (rather than from the builder). For example any property purchased from 'for sale by owner' or through MLS listing is considered a resale property.
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