Wanted: a Good Condo Acquisition Plan
My cousin who’s a nurse, working on a foreign and European traveling luxury liner for over five years now is excited about the idea of buying her first real estate property here in the Metro. Initially, three years ago, she’s had the chance to buy her 2 hectare farm land in the province. The land is now fully paid and her cash crops are earning her well, thank you. Her plan is to buy a condominium property as soon as possible. She was able to inspect and evaluate the unit the last time she was here while on her annual vacation. She loved the property’s location and “looks like” she “could afford it”. It’s a good investment to prepare for her “daughter’s schooling accommodations when the time comes”. According to her, her current financial picture is: she has enough money in savings and time deposits. She also has a life insurance which is on its fifth year of payments. Her available cash is more than enough to buy the property in cash, plus the rest of the processing and incidental f