The Benefits of Investing in A Condominium:
Cheaper prices, flexible payment schemes, promising investment
-In the condo market, it’s a toss between ready-for-occupancy (RFO) units and pre-selling ones.
-If you are a real estate investor, pre-selling condos are a promising investment since their market value can increase by the time they are finished. Better options, new features
-You may al
so have more options when buying a condo in a pre-selling stage. You get to choose your preferred unit location and floor plan, not to mention the better views, easier access to amenities, and lesser foot traffic. -
Quick tips in buying pre-selling condos
Buying a pre-selling condo is a risky venture that needs an informed decision. The following quick tips can help you avoid fraud from the get go:
1. Only buy from and invest in reputable developers who have a long and solid history of delivering quality properties on time. (Check out our list of top real estate developers in the Philippines)
2. Consult a good lawyer you can trust to guide you in the murky waters of legal jargon and paperwork before you sign any contract.
3. Do the math to see if your income and resources enable you to make the commitment of buying a property.
4. Get the services of a licensed and registered broker to guide you in the process of buying a pre-selling condo.
5. Verify if the developer is licensed to sell the pre-selling condo project and if the project is registered on the Housing and Land Use Regulatory Board (HLURB) website www.hlurb.gov.ph. HLURB is a government agency that regulates the Philippine real estate industry.
