Know more about buying a Resale Condo (TOP) in Secondary Market
If you are interested in buying a resale condo unit, you must recognize if it is a good buy or not so you won’t have to regret it in the end.
The often-cited reason for buying resale condo is that it can be seen by the buyer, and indeed, this resale property buying experience provides more certainty over buying from a developer’s showroom.
If you are really up for a resale unit, it will be better learn how you can perfectly present your Offer to Purchase so that the involved individuals would know your intentions in acquiring the unit.
A deposit cheque of 1% of the sale price of the resale condo unit should also be issued to the vendor’s name. Before issuing the cheque, it is advisable to obtain the proof of ownership first.
Once your Offer to Purchase has been accepted, the Option to Purchase (OTP) document will be sent to you by the vendor and you have to exercise this option by signing on the OTP together with a cheque of 4% of the sale price and deliver the OTP to the vendor’s solicitor within 14 days from the date of the OTP.
You may also look at my condo listings for sale.