This post is meant for those who are planning to buy, for the first time, real estate properties from developers, whether it’s a lot, a house and lot package or a condominium unit.
Many first time buyers have this notion that buying from a developer simply involves payment of two costs: the down payment and the monthly amortization. I can’t blame them, because most developers, in their desire to entice buyers, often initially specify only the down payment and the amortization and remain silent on other costs that ultimately inflate the final contract price of a real estate property. (more…)
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