A Re-sale property is a property that has been lived in previously. Most properties on out portfolio will come under this label. This label even counts if a new built is bought and then re-listed a week later.
Most of the time re-sale properties are within an established community, or a community that is on the rise. The price of a re-sale property is also a lot easier to estimate as it usually is within a community. You can estimate a re-sale property’s price due to its area and the price of other properties within that area.
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