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Torre Lorenzo Development Corp. continues to develop communities that aim to upgrade the lifestyles of the emerging affluent.
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2263 Chino Roces Ave. Ext. Makati City, 1231

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Frequently Asked Questions
Condo Buying Process For First Time Buyers
May 3, 2018

You’ve been dreaming of having your own place for quite a while now. Having finally saved up enough cash, you decide to purchase a place you’d proudly call your own. This independence comes with responsibility as well. Thus, it is important you do your research before deciding on purchasing your first real estate property. But where do you even begin?

Consider the location.

Whether you’re buying a condo to rent out to others as a source of passive income or as your half-way home, knowing your preferred location would always be the first part of the process. The whole point of living in a condo unit is that it should provide you with everyday convenience. Your unit should be near your work and other important establishments like convenience stores and malls. The hassle of travelling to and from your office is made even more tiring with the ever-worsening traffic in the city. You wouldn’t want to arrive at work with half of your energy drained already, just because of your commute going to the office.  Choose to spend your time doing something you love instead of wasting away hours on the road commuting.

Analyze your financial capacity.

Because you’ve worked hard for every peso you’ll be spending for your first real estate property, you should get your money’s worth. Fear not, if the condo unit you’re eyeing is a little over your budget. Various developers now offer a flexible payment plan, so that you can afford living in your dream unit. Don’t be afraid to discuss your options with your broker. After knowing the requirements and documents needed, ask how you can pay for the property given your budget.

Always go for the trusted developer.

In all transactions, it is important that both parties can rely on each other. Your deal with your broker and your property developer is only as good as your trust towards them. Thus, doing research and looking into the reviews about them is definitely part of the process.

Go for a well-known developer that has high ratings and a formidable reputation when it comes to dealing with condo units. Remember, you’ll be investing a huge amount of your financial resources, and you deserve to get great value and your money’s worth. So choose wisely.

No need to look further. Torre Lorenzo offers quality condos and will help you achieve your dream home. Feel free to contact us at 86-TORRE (86773) or visit our website https://www.torrelorenzo.com for more information.

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