Resale in Shared Ownership Property Valuation
Resale in Shared Ownership Property is the process of selling a shared ownership property to another eligible buyer in the secondary market. In the realm of shared property ownership, the concept of “resale” plays a pivotal role. Shared ownership schemes have gained immense popularity in the UK, offering a pathway to homeownership for those who may not have the financial means to buy a property outright within a modern building located in an area of choice. But what happens when you decide to sell your shared ownership property and move on to pastures something new? This is where resale comes into play. In this article, we will explore what resale in a shared ownership property valuation entails, how the process works, and the key factors to consider.