The Pre-selling projects usually require no down payment, future homeowners can settle a percentage of the selling price for couple of years as their monthly amortization or equity, by the time the project is ready to use the balance must be settled in cash or loan before the homeowner can occupy the property. Project selling require earnest money or reservation fee as the first step of purchase process. In general the properties are brand new and have warranty; the Documentation and registration are being done by the Developer.