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  • Is Buying Pre-selling Property A Smart Move?
    Eman Santos
    in OnePropertee Tips
    Posted Oct 18, 05:32 AM

    Is Buying Pre-selling Property A Smart Move?

    You might presume a pre-selling investment is good, but imagine how much better it will seem if it is backed up by facts and practical insights. Whether you’re new to investing in real estate or simply looking to consider some form of investment, it can seem tempting to say yes to schemes and promises that are too good to be true.

    There are plenty of pre-selling projects today that allow you to instantly own a unit for the price of a second-hand car as a down payment. But of course, if it really was that affordable and simple, everyone would be doing it. So what’s the real deal? Is buying pre-selling property really a worthwhile investment?

    In this article, we’ve gone ahead and covered all the apprehensions you might have about investing in pre-selling properties to give you a clearer picture of its pros and cons.

    Low Prices, Flexible Terms

    One of the most irresistible advantages of a pre-selling project is the cut down on selling price. Once a developer ground-breaks a project, they usually start selling units at the lowest price offer possible. The selling price gradually increases as the project nears its turn over. Additionally, they also offer low downpayment and flexible monthly terms until turn over year. If you have the available funds for the low downpayment and monthly scheme, you can give it a go and just make sure that you will be financially ready to take on the lump sum loan after a few years. This will allow you to kickstart a property investment with ease while giving you ample time to prepare ahead.

    Increasing Value and ROI

    Unlike other investments, it’s not impossible to gauge how the value of your pre-selling property value will play in a few years as long as the market outlook is good. By being very keen on the reputation of the developer and how strategic the location is, you can be certain that your investment value will increase by that time it is finished. You can either resell the property as RFO and net big return or rent it out to earn passive income.

    First Dibs on Best Deals and Features

    Marketing goes all out during pre-selling. You can take advantage of big discounts and deals to save a significant amount of money. If you’re lucky, you can even score appliance freebies or other promotional offers to boot.

    If you’re looking at a sought-after project, chances are, the available units or lots are just finishing inventory. So if you’re particular with views, floor plan, or perhaps, the topography of land if you’re purchasing a lot, buying it at the pre-selling stage gives you the best options possible. If you are planning to combine units and customize a floor plan, buying it during pre-selling is also the most cost-efficient option because you don’t have to tear down walls. Pre-selling projects give you the best chance to own a property that fits your preferences and answers all your wish list.

    Be a Smart Investor

    Lastly, all it really takes to be a smart and savvy investor is to be very thorough in doing research and review prior to purchase. Apart from researching the track record of the developer and their past projects, you can also verify their existing project’s license at the Housing and Land Use Regulatory Board (HLURB). Also, don’t hesitate to work with a licensed real estate broker who can help you negotiate, review contracts, and legal paperwork before signing a deal.

    Head over to OnePropertee to see more pre-selling properties available.

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