What you should know about buying property from developers

What you should know about buying property from developers

As for Phuket condos in primary market there are two essential advantages: savings and interest-free installments. The main thing is not to be in a hurry when you are choosing one of condos, because this purchase will be profitable only if you are not going to treat the topic of picking a developer with inanity.

It should be noted that funding liquid condos is not easy work. The ideal decision is to deal with a professional real estate agency with an excellent reputation. Here we will enumerate just some of important points which every buyer who desires to invest money favorably must take them into consideration. 

First of all, read documents confirming builder is allowed to make constructions on this plot. Also ask for permission from ECC (Environmental Conservation Committee). Then read purchase agreement properly: contract must contain such information as payment schedule (monthly, quarterly, semi-annual, etc). One of the most popular payment schemes is considered a quarterly installment which allows a client to reduce amount of banking commission. One should note here that if you buy a brand new apartment from developers, you are to pay deposit which will not be refunded if you make a decision not to buy the unit. The reason of penalty is that the apartment is removed from sale and selling price of this property will not be increased for you. In other words, this deposit plays the role of compensation for loss of potential profit if a customer refuses to obtain the estate. If you are not going to break agreement, that amount will be deducted from total price.

The next thing every buyer needs to keep in mind is that some developers put in commission flats with built-in furniture included different equipments. But many of them offer non-furniture units. Anyway everything what you ought to do is to read the paper carefully.

It is undeniable that you have to assess the situation realistically. It is true that nowadays foreign investors prefer to invest in projects form local builders. There is a great amount of developers on the island, and it is very easy to make a mistake and choose an unreliable organization. As you see the most significant part of the procedure is find out a reputable company, and then the apartment having bought in this miracle place will become a worth investment.

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