Checklist Before Buying a House or Condo on Pre-Selling Stage

First published on PropertyAsia.ph
Before putting your money in a house or condo on pre-selling stage, follow this checklist to help you in the buying process.
1. Check first if the house or condo you want to buy is registered with the Housing and Land Use Regulatory Board (HLURB) and has been issued a license to sell by the same agency. The HLURB regulates and monitors all real estate developments such as vertical (condos) and horizontal (house and lots) projects.
2. Conduct a site survey to see if the location of the house or condo is acceptable to you and according to your liking and preference. Pay careful attention to its neighborhood and proximity to commercial, recreational, financial, and educational establishments.
3. Do a background check on the property developer and the people behind the company. Your best bet is the developer’s official website, which has a list of past, current, and future projects.
4. Know the terms of sale such as:
Reservation Fee – Know how much and va…
Before putting your money in a house or condo on pre-selling stage, follow this checklist to help you in the buying process.
1. Check first if the house or condo you want to buy is registered with the Housing and Land Use Regulatory Board (HLURB) and has been issued a license to sell by the same agency. The HLURB regulates and monitors all real estate developments such as vertical (condos) and horizontal (house and lots) projects.
2. Conduct a site survey to see if the location of the house or condo is acceptable to you and according to your liking and preference. Pay careful attention to its neighborhood and proximity to commercial, recreational, financial, and educational establishments.
3. Do a background check on the property developer and the people behind the company. Your best bet is the developer’s official website, which has a list of past, current, and future projects.
4. Know the terms of sale such as:
Reservation Fee – Know how much and va…