The Definitive Guide To Buying A Condo in the Philippines

The Definitive Guide to Buying a Condo in the Philippines IS A CONDO RIGHT FOR YOU? The lifestyle in a condo is different from a single-detached house. Find out if a condo living set-up works for you. Check all that applies: O 'm OK with a conservative home space O I value comfort, but convenience comes first O I don't plan to have major renovations O look forward to weekend staycations by a pool O I come and go as I please O I think CCTV cameras in public areas are a must O I rarely expect visits from family O I have to be as dose as possible to the metro O m OK with having a lot of neighbors O lonly need a tiny space for my vertical garden O like a house with a view O I don't mind paying for a parking slot O I don't mind living on higher floors O I can pay minimal insurance fees on top of my mortgage payments Check your answers, and if you ticked mast of the items above, a condo lfestyle would suit you wel GET TO KNOW YOUR FINANCING OPTIONS If you're planning to buy a condo, you'll be paying the total contract price of your chosen unit. You can acquire funds from one of these financing options. LOAN Bank Loan In-house Financing Spot Cash Pag-IBIG DIFFERENT CONDO TYPES TO CHOOSE FROM Whether you're living solo or starting a family, have a tight budget or can afford more, the suitable condo unit can address your needs. Studio 1/2/3-BR Unit Penthouse 10 THINGS TO CONSIDER WHEN BUYING A CONDO You'll feel more confident about investing in a condo by doing diligence with these steps: ine print Ascertain your goals Study the unit structure Settle on a location Review the fine print Choose your financing option carefully Inquire about security Ask about the Observe the amenities neighborhood Research about the Check for parking property developer DOCUMENTS YOU NEED TO PURCHASE YOUR CONDO A condo purchase requires legal documents to facilitate the buying process. There are six types of paperwork you have to prepare. v Letter of Intent to Purchase v Reservation Application Contract to Sell Tax Declaration Letter of Guarantee Deed of Absolute Sale INFOGRAPHICS BY: FEDERAL LAND GT Capital Holdings SOURCES: Filipino Homes | Investopedia | Lamudi | Lilian Real Estate | My Property PH | Real Living | The Balance Small Business | The Canadian Real Estate Association | The Nest | ZipMatch M