PRE Selling VS Ready for Occupancy (RFO), which to choose!

PRE Selling VS Ready for Occupancy (RFO), which to choose!

Are you having troubled between pre-selling and ready for occupancy (RFO), Don’t know which is best choice for you? We’ll this blog will give you understanding between the words you encounter upon buying a real estate property.

Pre-selling is buying a unit in advanced though it’s not readily available. While Ready for Occupancy (RFO) is buying the available actual unit. 

Getting confused which to choose either a pre-selling or a ready for occupancy (RFO) unit? Well, below are a pros and cons between the two. This will help you decide which to look when buying a unit.

Advantages of PRE-SELLING

• Price is cheaper; Units are being sold at the lowest price.
  
• Earn on maturity; Property value is getting higher upon reaching its full development.
  
• Light pay plan; Pay fees and down payments in staggered payments.
  
• Great promos; Rewards and discounts are given.
  
• Wide variety of choices; Plenty of choices not to worry whether it’s taken or not.
  
• Premium Locations; Get the best locations which are being sold first. 
  
• Tuck-in Improvements; No need for renovations, request improvements upon construction.
  

Disadvantages of PRESELLING

• Waiting for turn-over; Needed to wait for turn-over date before transferring to your unit.
  
• Unit Turn-over maybe moved; Construction may not be on time and may add additional months.
  

Advantages of Ready for Occupancy (RFO)

•  In a Rush; Move in quickly without waiting for few months or years.
  
•  Actual project development; Feel and see the full project development before buying.
  
• Great discounts; Rewards and promos are given.
  
• Check the actual Unit; Feel and see the actual delivery of unit.
  
• Enjoy the development; Amenities are readily available.
  
• Established Community; Jive in on the lively community.
  

Disadvantages of Ready for Occupancy (RFO)

• Cash Out; Requires paying fees and down payments in few months or by cash. 
  
• Higher Unit Prices; Units prices are higher compare to pre-selling.
  
• Minimal choices; Fewer available units to choose.
  
•  Seldom premium locations; most premium locations are taken. 
  

 I hope this gives clarity and a helpful advice in buying a real estate property for you. Have a question in your mind; please comment it below or you may request a topic you want by commenting it below. Lastly please share to extend your help to other people. Thank you!

By: Eidelvert Duzon