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Noob over here:
Can anyone school me on purchasing a pre-developed place?
Looking to purchase my first place in the next few years, and I really like the idea of developments because I can have the warranty, and a place built to my liking instead of having to do renovations in the future.
Would I need more than the standard 5% down for first time home buyer?
How would a mortgage work? Start after the place is fully built?
Are stratas established before place is done? (To see if strata fees will be ridiculous?)
Do I choose the unit/floor while doing the presale?
Asides from my initial downpayment, what other fees should I be expecting to have upfront?
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