This channel is created to help Investors find their desired Property Investment. It is also an informative site to help newbie clients understand Real Estate investments like Condominium in the Philippines.
Pre-selling means the stage when a real estate developer is offering properties either condominiums, townhouses, or raw lots before their actual completion. These are also called “off-plan” properties in other parts of the globe, as buyers are buying nothing more than a plan.
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. Given favorable market conditions, you can resell the finished units for a higher price than you put down when they were in the pre-
selling stage.
For some property buyers, especially first time buyers, buying an expensive thing that is non-existent can be hard to understand. But, there are advantages to buying pre-selling properties. Hopefully, this can guide you in your decision on whether or not to purchase that property you have in mind. (Although these advantages apply only to those developers that are reputable)
Many property developers offer pre-selling condos to buyers to finance the development itself. The customers, on the other hand, as early adopters are rewarded with a discounted price and the promise of capital appreciation once the property has been turned over and, in cases of townships and mixed-use projects, all infrastructures and amenities have been put in place.
ADVANTAGE OF PRE-SELLING
Preselling Properties Are Normally Cheaper
They Give Buyers the Best Unit Options
Once Completed, They Can Provide a Steady Source of Income
They Are an Excellent Investment Option
TIPS BEFORE BUYING PRE-SELLING PROPERTY
1.TIPS BEFORE BUYING PRE-SELLING PROPERTY
2. Check Developers Track Record
3. Prime Location Matters
4. Get Financing Ready
5. Consider Other Projects
6. Read and Study the Contract
7. Carefully Inspect the Display Home or Model Unit
8. Carefully Follow Market Conditions
There you have it and hope that these tips will help you with your plans to buy a condo property. Do not be afraid to invest in a condominium, you just need to have knowledge and guidance to help you succeed in this industry.
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nikyl_25@yahoo.com
Nino Kyril Laroa
SMDC Property Specialist
09208721608
09772587494
Thank you for watching it. Until my next video...
PEACE !!!
DISCLAIMER:
1. These are only my opinions and views about the subject base on research and experience as a real estate salesperson and it has nothing to do with SMDC Company.
2. This video is not made for children.
3. Credits to the owner of the clips. Video is for promotional use only.
