Should you invest in a pre-selling condo or go for an RFO unit? This is one of the most important questions that a person interested in buying a condo must figure out before taking the leap. You will find a lot of options when it comes to condo investment but it’s your responsibility to do your research first so you will be guided in making the right decision.
Generally, the key difference between pre-selling condos and RFOs is their availability with pre-selling still under the stage of project planning or construction while RFOs are completed projects that can already be occupied upon purchase. However, the differences do not stop there. There are key points that you need to know to differentiate the two and identify the option that’s best for you.
A Point by Point Comparison between Pre Selling Condos and RFOs
Don’t fall prey to the trap of buying a condo without doing your research. Check out the key points that you need to know about pre-selling condos and RFOs.
Pre-Selling Condos and RFOs Compared
|
Key Differences |
Pre-selling Condos |
RFOs |
| Construction Status | Planning Stage/Construction is ongoing | The project is already completed |
| Availability | Not yet available for occupancy. Usually available in less than a year or up to 5 years. | Owners may already move in upon purchase. |
| Cost | Low introductory price | Priced higher due to market growth from the time it was built |
| Unit Selection | You can find a condo unit based on your personal preferences because of the wide selection still available. | Units are limited to the ones left unsold during the pre-selling period. |
| Payment Schemes | Installment option is available. Down payment can be completed in staggered payments. | Cash-out is required. Fees and down payments must be completed in a few months. |
| Risk | Investors have no idea how the actual condo unit will look | Investors may not be able to choose the best units as they may have already been sold during the pre-selling stage. |
| Return on Investment | Greater profit as a high increase in market value can be expected from pre-selling to completion. | Price is already high upon acquisition. Growth in terms of market value is lower than pre-selling condos. |
Pre-selling Condos or RFOs: Which One is Right for You?
Pre-selling condos and RFOs are both great forms of investment. As with other real estate investment opportunities, they may be used as a source of passive income and their market value is forecasted to have a steady growth.
Pre-Selling Condos are Most Ideal for:
- Those with a limited budget
- Young professionals planning to live independently
- OFWs who want to invest in their future home
- Investors looking to generate higher returns from their investment
RFO Units are Most Ideal for:
- A financially stable individual with savings to buy a condo
- Starting families with an urgent need for a home
- Working professionals
- Retirees who prefer stress-free living
Make the Right Decision by Choosing a Trusted Real Estate Developer
A condominium is a profitable investment that can provide a roof over your head or a source of passive income. But regardless of your choice, you can protect your investment by finding a trusted real estate developer.
✅ Minimize risks
Prevent untoward problems with a condo developer with a great track record in the industry.
✅ Ensure Quality
Condo units from trusted real estate developers are constructed by professionals and use quality materials
✅ Secure Your Location
Location is important when buying a condo. Trusted real estate developers choose properties in safe and high-traffic areas that are also near important establishments.
✅ Choose Convenience
Trusted developers provide proper management and upkeep of the properties they develop so you can be stress-free.
✅ World-Class Amenities
Enjoy the luxury of having your own condominium especially with world-class amenities that will contribute to a quality and high-end lifestyle.
ALSO READ: Everything You Need to Know About Condo Living in the Philippines
CitiGlobal has been providing world-class development real estate properties in the key locations of the country complete with top-notch amenities. Find your own space while enjoying the lush scenery and cuddle weather of Tagaytay or take advantage of a prime location by choosing a beachfront property in Palawan. We offer pre-selling units for as low as Php15,300.00 per month. RFO units are available too.
Check out our projects today or get an overview of our future locations through this video.