Buying pre-constructed condo or townhouse units is risky

[Mayox25]

People should be careful in paying for pre constructed houses except it is routed through a reputable mortgage facility. Though those who requested for money uses it to secure commitment from prospective buyers.

 

[kayode10]

It is risky to buy a real estate property at the wrong location. it can be very hard to make back your money because no one will want to rent such a property. This is the reason why it is very important to have your real estate properties at the commercial area.

 

[Sincerem]

Similar scenarios have also occurred in our region here where after making the down payment constructions hasn't started even after several years. So it is quite risky to engage in such or invest in those kind of real estate companies.

 

[HayKay]

This further strnegthens the need to always go directly to the realtor or property owner, that way nobody will have any experience of being swindled. As for this case, it's very simple - sue the real estate company.

 

[VictorIkpe]

It's understandable that you would have concerns about the lack of progress and transparency in the development of the grassy estate. Exercise caution when dealing with real estate agents. Besides, it's essential to thoroughly research and verify the credibility and track record of the real estate agents and developers involved. Checking for reviews, testimonials, and past projects can provide valuable insights into their reputation and reliability. Remember to prioritize transparency. Working with reputable engineering construction teams, such as the Hin Chong Engineering Construction team, can provide an added layer of assurance and help ensure that the development project progresses as promised.

 

[Nomad]

If you are buying so that you can live, I think there is no need to worry about it. However, if you are buying it so that you can flip later, it might be risky as they do not seem to have much resale value.