To some, the idea of buying pre-construction may seem simple enough: All you have to do is visit a sales centre, talk with an on-site agent, and you’re well on your way to condo ownership – but that’s far from the truth.
There are many advantages of buying pre-construction, but there’s also a great deal of risk if you don’t hire a real estate agent to represent you. As with any large purchase, there is no better approach than to work with an experienced professional who knows the ins and outs of the process.
Here are 5 ways working with a pre-construction real estate agent will benefit you:
1. We work for you
One of the most important things to remember is that when you walk into a pre-construction sales centre, the on-site agents are working in the developer’s best interests, not yours. When you enlist the help of a pre-construction real estate agent, you receive legal protection, market guidance, and peace of mind that your best interests are upheld.
2. We make the complicated process simple
Even if you have purchased a home in the past, an experienced pre-construction real estate agent can identify issues you may have never thought of. Our team will be there to guide you through the nuanced financing structure that comes with pre-construction, negotiate on your behalf for any extra features you’d like included in your unit, and will ensure you work with a lender who also has your best interests in mind, not just the one that the builder recommends.
3. We have insider information on the area
With guidance from our team, you will know everything about the unit, building, and area you are investing in. For example, if there is another development planned for the area that could obstruct your new view, the on-site agent may not disclose that to you. Our team, on the other hand, has access to those planned developments and will ensure that you are well aware of them.
4. We have exclusive access across the GTA
As pre-construction real estate agents, our team has VIP access to developments before they are released to the general public. This gives you a competitive edge and complete advantage over other prospective buyers, with the opportunity to secure your unit quicker and for a potentially lower price.
5. We help investors capitalize on the latest developments
When working with investors, we leverage our knowledge of neighbourhood demographics and local market experience to ensure you’re purchasing a unit that will attract your ideal tenant and highest ROI. One of the strongest advantages to investing in pre-construction instead of resale is the down payment plan. Instead of paying your 20% down payment all at once, the cost is paid in installments throughout the construction process, making it especially easier for first-time investors to break into the market.
If you are considering investing in pre-construction, having an experienced pre-construction real estate agent will make your experience less stressful and more profitable. Learn more about the latest pre-construction developments by browsing through our Pre-Construction Guides.
To start your search today, contact our team by completing the form below and we will get back to you promptly.