Thinking about purchasing a condo? Great! It could definitely be an exciting procedure, as well as more then when you realize everything you are doing. However, when you do not understand what you are doing, the condo-buying experience can be costly and totally frightening. No need to worry however, because we are planning to cover the top seven things you need to do when purchasing a condo.
1. Get pre-qualified for a mortgage.
When you are pre-qualified by way of a mortgage lender, you will have significantly more leverage. Prequalification means your finances has been reviewed by a lender and located you capable of taking on financing in a given sum. It shows sellers you are serious about purchasing, although it can not ensure that you will get the loan.
2. Select the place that is right.
"Location, location, location" is one of the most frequently used expressions in the property business - but with really good reason. Individuals frequently select condominiums over conventional houses using a particular lifestyle at heart. So be certain that lifestyle can be accommodated by the location of your Yio Chu Kang EC condo. Experiment. Test the drive from your possible condo to your work, school, shopping, etc. out
3. Run extensive research.
Condo life normally has numerous association rules, bylaws as well as other assertions. Make certain to get this documentation up front to prevent any surprises later on. You are making a monetary investment that is huge, and that means you will need every one of the facts about what is prohibited and what is allowed. Get to be familiar with programmer also while you are at it. Learn expertise and their history. Speak to a number of the residents (when appropriate) to get their input.