5 things to note about buying property on the secondary market
If you are looking for a ready, more secure and less speculative type of property, you would probably look at the secondary market first rather than those that are still under construction offered by housing developers. While the costs of entry are higher in the secondary market compared to buying from housing developers (for a start, immediate payment of stamp duty on transaction rather than issuance of the title later), the legal documents and processes are different as well.
What’s the worst that could happen to you as a property investor?
Property investment is arguably one of the most secure investments, especially in the current volatile market. After all, as the world’s population continues to increase, it will become harder to obtain land, which is a limited commodity. Real estate prices might depreciate briefly at times due to some foreseen or unforeseen circumstances, but prices can only appreciate in value over time due to the ever-growing demand for living spaces.
10 things to check before signing your housing loan documents
A signature serves as a universally recognised symbol of proof of agreement. It seals the deal in many agreements and contracts and makes them legally binding. Like in any contracts, one should scrutinise loan documents before signing them.
