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Reasons to Invest in a Pre-selling Condo

June 19, 2017

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First of all, you may be asking, “What is a pre-selling condo?” Well, in real estate, a pre-selling condo is a condo being sold before its construction or completion. The property may still be in the planning stages, or the developer is yet to break ground for the project. In other words, the property does not yet exist. With that said, it definitely seems absurd as to why anyone would want to invest in something so dubious, which is like throwing all your hard-earned money to the wind. That is unless you’re dealing with a trusted developer, such as Crown Asia Philippines.

Now that you know what a pre-selling condo is, your second question may be, “Why to buy a pre-selling condo?” With all the ready-for-occupancy condo units available, indeed, why buy one that you can’t even occupy yet, let alone see the blueprint of? Well, here are the reasons:

Cheaper price
One thing about a pre-selling condo is that it is definitely more affordable compared to a ready-for-occupancy unit. Offered at a low introductory price, which can be 30% lower than a completed unit, it is indeed an offer that’s difficult to pass up, considering the sizable amount of money you’ll be able to save on the downpayment or the total amount of the unit.

Flexible payment schemes
Aside from the low introductory price, developers also offer flexible payment schemes for pre-selling condos, such as a 10% downpayment which can be payable for 3 years. You can pay the lump sum either through the developer’s in-house financing options, a government-sponsored home loan (such as Pag-ibig), or through bank financing.

Promising Investment
Aside from being given the opportunity to purchase the unit at its cheapest rate while it is at its developing or pre-developing stage, one will also be able to make the most of this investment in the future when the property is completed. Should you decide to sell the unit in the future, it will have already increased its market value, which would definitely be more than what you put down for it, enabling you to reap way more than what you have sown.

Better options
Buying a condo in its pre-selling stage also gives you advantages when it comes to unit location, floor plan, features, etc. You get to choose a better, if not the best location for your unit, and the best view, compared to when a condo has few units left available, with all the good units taken, and your options are down to the units farthest from the amenities and with the worst possible views. Since your pre-selling condo will also be taking a considerable amount of time to be finished, you can expect its development to offer the latest when it comes to design, features, and amenities by the time it’s finished.

As you think about purchasing a condo unit from Crown Asia Philippines for your family, or as an investment, a pre-selling condo would definitely an option to consider.

Crown Asia is a subsidiary of Vista Land & Lifescapes, the country’s largest homebuilder of quality homes. Each Crown Asia home features stylish architecture and a contemporary, innovative design every family would be proud to come home to. For beautiful home inspirations, like Crown Asia on Facebook at www.facebook.com/CrownAsiaOfficial.

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