2. Research available condos: Research available condos that fit your budget and preferences. You can do this by browsing online or through real estate brokers or agents.
4. Review the contract and other documents: When you decide to purchase a condo, review the contract and other documents thoroughly. These documents will include the purchase agreement, deed of restrictions, and other legal documents.
5. Pay the reservation fee: If you're satisfied with the condo and the terms of the contract, pay the reservation fee to secure the unit.
6. Apply for a home loan: If you're planning to finance your condo purchase through a home loan, apply for one with a bank or financing company.
7. Pay the down payment and other fees: Once your home loan application is approved, you need to pay the down payment and other fees such as transfer taxes, documentary stamps, and notarial fees.
8. Sign the contract and other documents: After paying the down payment and other fees, you will be asked to sign the contract and other documents to finalize the purchase.
9. Get the keys to your condo unit: Once the purchase is complete, you will get the keys to your condo unit and start enjoying your new home.
It's important to work with a licensed and reputable real estate broker or agent and to do your due diligence to ensure a smooth and successful condo purchase in the Philippines.
