08/09/2022
Advantages of Pre-selling Properties:
1. Better payment schemes 📝
During the preselling stage, since the project is under construction or not completely livable yet, developers usually gives the buyers a lower introductory price, great deals and discounts during this stage. And as the project gets completed, the selling price appreciates. Developers can also give longer payment terms so it would not be difficult for them to pay for their desired unit or lot. In addition, they also offer in-house financing which is easier to process compared to bank financing or applying through the PAGIBIG/HDMF fund.
2. Availability 🏡
Availability of lots or unit location within the development is one of the main reasons why buyers prefer preselling properties. This way, they can choose specific lots near the amenity area or one facing morning sun as a belief of bringing good luck and attract positive vibes for the family. Also buyer can choose what lot sizes or unit area can fit their personal budget.
3. Faster return on investment 📈🖊️
Since you will be paying the total selling price during its construction, the property may already be done on or before your last payment. Completion of property development will already increase its value instantly. As you know, ready-for-occupancy properties are much higher in price compared to preselling ones. When you have all the documents of the property, you can start selling it at a higher price. However, before selling it you must do further research and see how much you can sell it. If you can still wait for a few years, it would be better because the value of properties appreciate overtime, most especially with land/lot properties.
Important things to consider:
Keep an eye on the developer - With all the advantages that seemed too good to be true and has their own risks, it is a must to check the credibility of the developer first. Check their background in the real estate industry. Their previous developments and ongoing projects can speaks louder than words. In short, be smart. Do the research and ofcourse get a trusted Real Estate broker. 😉
Real Estate Broker, can help you throughout the entire selling process. Can recommend you a credible developer with an excellent track of record in the industry. So, if you are ready to start your first real estate investment, we are here for you. Talk to us now!
