Six Essential Things to Consider when Buying Second-Hand Condos

When we talk about “second-hand” many people would harbour a misconception that it must be old and run-down, needing major repairs. However, when it comes to the real estate products such as condominiums, “second-hand” does not always mean decrepit and dilapidated. This is because when a condominium unit changes hands from one owner to the next profits are generally made. An example is when the owner of an unfinished project sells the down payment obligation to a new buyer even while the project was still under construction or the construction has not even started. In reality, this is no difference from buying a brand-new unit on the very first day of offering. Therefore, buying a re-sale condo means just buying…