1. Affordability. Delaying in reserving a pre-selling condo unit incurs more cost because prices increase regularly and payment schemes become much more difficult as time progresses. For example, a condo unit that you can pay for 60 months last quarter may be paid now for only 36 months. From 5 years, the payment scheme is now compressed to 3 years. With higher prices and tighter payment period, delaying in reserving a condo unit does not make it any cheaper.2. Availability. The unit that you like now may not be available tomorrow. Most of the time, the good ones are the ones being sold first. Delaying in reserving your preferred condo unit by thinking that there are tons of options to choose from in the future is wrong.
3. You May Spend The Money Meant For Reservation Fee. One of the top 3 reasons why I urge my clients to reserve their units as early as they can is because money is very liquid that they may spend the one meant for Reservation Fee for other things. Raising the fund again in the future may be a difficult thing to do and thus forfeiting altogether the benefits that you can get in having your own condo unit in your chosen location.
