From condominium to house and lot and whatnot, there are countless properties to choose from. But across the board two options are always present: RFO and pre-selling.

From condominium to house and lot and whatnot, there are countless properties to choose from. But across the board two options are always present: RFO and pre-selling. What these two property types are is pretty cut and dry. RFO or ready for occupancy properties are already built and just waiting for you to move in. Pre-selling properties, on the other hand, are at the early stages of development—planning or construction. However, the difference goes way beyond the actual property itself. So we put together this guide to help you determine which one is the right for you.

How will each cost me?

Pre-selling properties are typically cheaper given its introductory price and several other discounts offered. In contrast, condos or houses ready for occupancy will already have gained value given the movement of the market over time. While pre-selling condos look an outright winner, choosing one still depends on your need. If you have the leeway to wait for a few months or years, pre-selling properties will help you cut the costs. But if you are looking for someplace built and existing, AND got some extra bucks sitting in your bank account, RFOs will be the better choice. In a nutshell, the higher or lower cost for each option matters less versus when you can or need to move in.

How long do I need to pay?

If you need some time to save for your payment, properties in their pre-selling period offer relatively more flexible terms. Down payments are typically spread in years and since they are cheaper, purchasing a pre-selling unit will be the more budget-friendly option. On the other hand, RFO properties require one-off down payment from a percentage of the property value. Therefore, this would be more ideal for those who already have saved enough to pay in one go.

What should I expect?

With the countless options available in the market, RFO properties allow you to actually inspect the condo unit or house from inch to inch before signing the contract and handing over your hard-earned money. It therefore saves you the time by determining all improvements you need upon moving in. Meanwhile, pre-selling units will need your commitment before seeing the property itself and plans may be subject to change. However, this will be the better option for those who wish to customize their home to their liking versus RFOs.

Which property is better for which?

To sum up, choosing between RFO properties and those in pre-selling period should be determined by your short- and long-term needs, and financial capacity upon purchasing. RFOs would be ideal for those who have saved enough for the property and want to move in as soon as possible, whereas pre-selling units are better for those who want to invest early on and take advantage of the booming property market. Have you determined your property needs and financial capacity? Ayala has a wide range of units to choose from—from condominium to house and lot—located strategically that will suit all lifestyle. Check out http://atayala.com/ now.