With projects like Emerald of Katong and Parktown Residence selling out fast, it’s clear that buying season is upon us. That isn’t just true for new launches either: good resale condos have become an increasingly rare find, that you’ll want to snap up ASAP. With all this rushing about though, there are several things that could go wrong. Check out some overlooked risks at different points in the property purchase timeline, so you’re better prepared:

1. Fix your credit score early—last-minute payments won’t help

If you rush to pay off car loans, credit card loans, etc., in the weeks or days prior to your home loan application, it may be too late. It can take up to 12 months for various loan repayments to be reflected in your credit score, and for any previous damage (e.g., former late payments) to be rectified. You need to start paying down loans or fixing your credit score at least...