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4 Important Questions Before Settling on a Condo

If you are clueless as a rock on the how-to's and whatnots of real estate, then you need to brush up on relevant information regarding the purchase and acquisition of property. Oftimes, knowing the basics is enough to get you a good deal. Getting a prime condo like Rockwell Land Katipunan is without strings or hitches. Developers cannot oversee every offer and contract drafted by their agents, so it's up to you to decide and take heed of their proposal. As a first-time property owner and newbie in the real estate arena, here are the answers to some important questions on your condo. 1. Is it possible to refund the reservation fee? Before entering any transactions, you need to clarify the terms of how they handle reservation fees. Real estate contracts can contain verses and loopholes that can result in penalties and additional expenses. It can be wasteful and expensive especially if you wish back out of the deal.  Consequently, you have the right to ge...

18 Condo Buying Tips for 2018

Buying a condo can be a daunting task especially for the first-timers, but this should not be the case. Here are some essential tips to make the process easier and stress-free for you. 2018 Condo buying tips 1) Think long term.  Don’t even think of buying a condo if you have no plans of staying in it for 5 years or more. 2) Know what you can afford. It is useless pining over a condo unit that you cannot pay for. Use a home loan calculator to determine whether you are financially ready or not. 3) Determine payment options. Familiarize yourself with various loan options. Options vary from one banking institution to another. 4) Obtain a pre-approval. A pre-approval is a proof that you are a serious home buyer. Banks take note of this. 5) Save for the down payment. A down payment can be between 10 and 30% of the total purchase price. So, again, make sure that you have enough savings to pay for it. 6) Hire a broker. Real estate brokers will be a ...