What is a "pre selling" property?
A pre selling project is a project that an individual can purchase prior to construction or while in construction. Condos, lots, house and lots, and even office spaces are typically offered for sale.
What are the advantages of buying pre selling properties?
Purchasing pre selling condos and other properties is more advisable because it is much cheaper than buying ready for occupancy units. Depending on the project, you also need not pay that much upfront and down payments can be paid in installments.
What is the rate of appreciation?
Projects usually increase price by 5% every quarter. It is not unusual to see properties in some areas double or even triple in price between launch and turnover.
When is the best time to purchase?
Any time is OK as pre selling properties appreciate over time although it is best to buy when the project was just launched so that you can maximize your return in investment.
If I own a condo unit, what happens to my unit after my 50 years?
You still own the own regardless. A condo is built like a corporation and corporations have a 50 year lifespan. You can read more about it here: http://bit.ly/Condo50yrs
What are "other charges?"
Other charges are legal and documentary fees that the owner of the unit should shoulder. Among them are: registration fees and expenses, documentary stamps, transfer tax, service fee, real property taxes, and credit life insurance.
Where are properties usually located?
Projects are usually located in Metro Manila. Provinces like Cebu, Batangas, Cavite, and Laguna also have pre selling condos and lots.
Which developers offer pre selling projects?
Major developers like Ayala Land Premier, Alveo Land, Avida Land, Federal Land, Megaworld, DMCI, SMDC, etc. offer pre selling projects. It is important to deal with developers you can trust. We only offer projects from developers that have a proven track record.
