Ultimate Checklist For Buying A New Condominium

From stretching out finances to selecting the right location, buying a new condo in Singapore is not an easy task to deal with. It is advised that before initiating the purchase, buyers should refer to a checklist when buying new jade scape condo is deemed to be beneficial.  While home ownership is a dream for every individual, cost and effort that goes into owning a property can be shattering. The first step in making a smart decision when it comes to property ownership involves knowing what to expect.

Here is the step by step guide to purchasing the property in Singapore.

Carry Out Detailed Research:-

Taking time to research on locations that would be ideal for acquiring property will yield so many benefits. Having information prior to visiting actual sites for prospective properties will help the buyer to make better decisions.

Research includes some of the things to take into account which includes the most appropriate neighborhood, commuting time to and from work as well as nearby amenities. It is also vital to come up with a list of the things a prospective property should have.

Budget Required:-

After gaining a clear understanding of the type of properties, individuals can buy, it may be time to play close watch on how much money can be spent without straining financially. There are many calculator tools available online that provide important information on how much an individual can spend financially.

After that, a buyer needs to know the amount of down payment that is needed to be paid. The amount designated as down payment goes a long way in determining the overall budget.

Taking Property Loan:-

To fund the remainder of the purchase price, it is a common practice by the people to take a property loan, after making down payment. There are number of calculators available online that could in handy, in calculating how much interest one would end up paying, on taking up a property loan to supplement cash at hand.

Find a Good Real Estate Agent:-

There might be some complexity that comes into play in pursuit of property buying. Getting a good experienced real estate agent could be the difference in getting the best deal. A good real estate agent would go a long way in providing clear-cut information, about properties, perfect for making informed decisions.

Negotiate Hard For The Best Offer:-

After examining all the shortlisted jade scape show flats, a buyer should finalize property based on their needs and requirements. It would be wise to negotiate for the purchasing process agreeing to the initial offer. Here is where a reputable and trusted estate agent would come handy to ensure the buyer to get the right value for a given property.

Before tabling the final offer, a buyer should take time to find out whether the seller has been trying to sell the house or is in hurry. If that is the case, the seller will even accept the lower offer to avoid the long process.

Sign Sales And Purchase Agreement:-

Within two weeks of providing with the option, the developer will deliver the sales and purchase agreement, following which buyer will have three weeks to sign it and exercise the options.

After this, the buyer has to pay a 15% percent exercise fee. This will be due at the point of signing the S&P, or within the nine weeks from the date of the option.

Collect Keys:-

After completing all the legal formalities and paying the remaining amount, buyers are now the owner of the condo as they can collect the keys and start living.