23/03/2022
Pre-Selling Vs. Ready for Occupancy (RFO): Which is the Right One for You?
1. What is the status of construction?
Pre-selling:
No groundbreaking yet
Not yet built
Construction in progress
RFO:
Property is already built and existing.
2. How much does it cost?
Pre-selling:
Low introductory price
RFO:
More expensive because of the growth in market prices since it was built.
3. How long is the move in period?
Pre-selling:
Depending on the type of property (condo, townhouse, or house and lot) or the developer’s discretion, time frame is between less than a year to more than four years
RFO:
Homeowner can move in immediately after purchase.
4. What are the payment terms?
Pre-selling: Flexible
Down payment payable in one or two years