If you live in Manila, chances are you’ve seen the plethora of properties for sale. It’s easy to get lost in those numbers, but you should choose well when buying real estate.
You’re investing your hard-earned cash for something you want to use until you get old.
It’s also easier to sell a valuable property.
Here’s how you can ensure you’re buying the right one.
The Difference Between RFO and Preselling Condo Units
RFO or Ready-for-Occupancy are condo units you can buy and use at once. If you need to use it right away, then you should buy RFO units. But if you’re not in a hurry, then preselling units are your best bets. Why?
A licensed broker mentioned that preselling units are easier to buy.
Most real estate companies offer lower payment schemes for these units. You also have more time to plan the unit’s layout and look for a decorator. You should check out a preselling condo here in Ortigas, Pasig if you want to save money.
Choosing Which Condo Unit to Buy
Take note that your goal should be to buy from a credible company. Sure, you need to shell out money for repairs now and then. But it’s disappointing to do this during the first years of turnover. That said, try to find credible reviews about the property you want to buy.
If it’s preselling, then find out about the developer. Are their buyers satisfied with their properties? Aside from a durable construction, aesthetics also play an important part when buying.
There are a lot of qualified agents out there, but many don’t have your best interest in mind.
Always talk to an agent who acknowledges your needs. This may mean offering a unit at a lower price if it means it’s the right one for you. They’re also willing to refer you to another agent if they know a better one unit for you. For that, you don’t need someone who has the most experience.
But, an agent who only wants to offer the best. To add, the right agent won’t force you to buy at once. They will give you time to decide. Do you feel something odd before closing a deal?
Maybe you visited a “brand new” condo unit but discover that the construction is poor.
Or finding out there are extra charges. It can be anything that made you doubt buying if you feel that then you must reconsider first. This is a serious matter, and you need to buy from a reputable company. Talk to a realistic agent who will tell you the risks when buying and selling their units.
They should also provide after-sales support. Ask for an analysis of the property. The analysis must include details and forecasts about the neighborhood. You can use this, especially if you’re planning to rent out your unit in the future.
Don’t forget to research thoroughly. You can use the power of the internet to gather data about your prospective developer. You should also research your agent. This way, you’re sure if they have a license to sell. Contact a lawyer if you’re unsure how to proceed.
How to Decide
You have a big decision to make. Make sure you check all the details before buying to avoid problems.
Choose a reputable developer to make your buying process a wonderful experience.
