Buying Pre-Sale Property — Do I need an agent to buy presale?
Updated: Oct 10, 2021
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Of course! But first of all, what is a pre-sale? Purchasing pre-sale property or development simply means that you are buying property that hasn’t been built yet, or in some cases, in its early stages of construction.
If you’re considering buying a pre-sale property, keep in mind that the Developer (including all of their representatives) cannot represent you. It is best that you seek representation from a knowledgeable licensed real estate professional to be your agent in seeking out the ideal home or investment property! You will receive our best service and attention when you work with our team for pre-sale purchases.
What are some benefits of using an experienced real estate agent for a pre-sale purchase? There are some perks to pre-purchasing property, but just like any large financial investment, there are also some risks you need to consider. Our realtors have a thorough understanding of the presale buying process and can advise you while asking important questions to determine if this is the right pre-sale property for you.
Here are some examples of questions you should consider:
When is the estimated completion date? Are you aware that pre-sale developments can be delayed anywhere from a few months to 1-2 years?
Do you know what the pricing is for each specific unit?
How many parking stalls and storage lockers are included or available for purchase?
What appliances, finishings, and upgrades are included in your purchase?
Are there any options for colour schemes & designs? Can I purchase any upgrades?
Is the land freehold or leasehold?
Who should be writing the contract and who will be on title and/or mortgage application? Are you able to get a pre-approval ahead of time for a pre-sale purchase?
What if I change my mind? What if I want to resell my unit, are there fees involved?
What else is being developed in this neighbourhood? Will you have access to services and essentials?
Our team will help you consider all the different angles so you can make the most informed decision when you purchase. After all, you won’t be able to move in to this property for a number of months — we want to make sure it’s worth your wait!
****** ONGOING PROMOTION FOR PRESALE BUYERS!!! ******
Tired of Bidding Wars and not getting the Property you want?
Have you considered buying in a new development?
Our Team provides step-by-step guidance for a successful purchase of a presale condo OR townhouse. We offer an easy one-time registration that applies to all new construction & project sales. You tell us your ideal area & price range, and we'll curate the Top Picks for you!
Get C$2,000 Closing Credit on any 2+Bedroom Purchase of Your Choice on a PRESALE CONDO or TOWNHOUSE DEVELOPMENT THIS MONTH! We would like to offer our clients, a Designer Furniture or a Patio Furnishing Package worth up to $2k at successful closing. We respect your privacy and will never sell your information. Invest in your future now. This gift credit is in addition to any incentives already offered by the Developer.
Limited-time offer. First-come, first-serve only.
Download your Complimentary Presale Buying Guide
Feel free to contact us with any questions about pre-sale developments — we’re happy to help!