Buying Pre-selling Condo, Lot, Townhouse, and Office Space

as published in alveoland.com.ph

Apart from buying ready-for-occupancy (RFO) properties, buying pre-selling properties is another popular choice when it comes to acquisition. These properties are off-the-plan, which means the property is not constructed yet. Buyers sign a purchase contract but can only view the designs and building plans. While there are no physical properties that buyers can inspect, buying a pre-selling condo, lot, townhouse, or office space has several benefits.

First, pre-selling properties are typically cheaper. The units are sold at markdown prices, with between 30 and 50% discount from the finished units’ actual prices. Payment schemes are more flexible, including in-house financing, waived reservation fee, waived down payment, longer down payment period, etc.

Second, buying pre-selling a condo unit, lot, or townhouse allows a buyer to choose the best unit possible. It would be much better if you are a repeat buyer because you are a priority. Some developers invite current homeowners to check the property being pre-sold before offering it to the public. It’s a privilege having the opportunity to choose the ideal unit on the perfect floor and location.

Third, a property bought during pre-selling is an excellent investment. Investment if you are not going to live in the property or use it. It can be a steady source of income, especially when it is situated in a location attractive to renters. In this way, you would recuperate your investment faster. Other than that, its real estate value can only go higher.

However, when buying a pre-selling property, make sure that you are dealing with a trusted developer such as Alveo Land. Choose a developer that has a proven track record of delivering quality pre-sold properties. Buy only from a reputable developer!