Potential home buyers have a misconception that buying a condo in the pre-construction stage is a wrong decision. In reality, you can enjoy huge benefits if you can make the right choice of Condo nearby Chatuchak [คอน โด แถว จตุจักร, which is the term in Thai] and purchase it in the pre-construction stage. The following post is going to reveal all the major factors to remember if you want to enjoy the benefits of the decision.
Factor #1: Work with pros
A pre-construction condo belongs to a special class o the real estate industry. Hence, you have to work with a team of experienced professionals who can navigate through the process smoothly. The team must include:
- A knowledgeable realtor with complete knowledge about the projects available in the area
- A lawyer who can provide meaningful advice and review all the documents
- Reputed developers and builders with an unparalleled track record of successful project completion.
Only then will you have the assurance that the investment will be in your best interest.
Factor #2: understand assignment sale
When you are buying the condo in its pre-construction condition, you are not purchasing the uni. It is only an assignment sale =,m which is a kind of a contract. The legal rights of ownership will be eligible only when the development is complete ad the building gets the registration. It will be a complex transaction with many legal norms. That is why the lawyer is an essential part of the work.
Factor #3: Occupancy
You can expect the keys and the rights to possess the Condo nearby Chatuchak [คอน โด แถว จตุจักร, which is the term in Thai] before the registration. Official ownership will be after the registration of the condo is complete. The intermediate period is called interim occupancy, and you have to pay an occupancy fee to the builder for the unpaid balance of the purchase.