1. Down Payment & Financing
When it comes to buying a property before its completion presale projects offer the advantage of a payment ranging from 5% to 25% spread over a period of approximately two years. This allows buyers to secure their desired property without the need to qualify for a mortgage loan. It’s especially beneficial for those who have funds for a payment but may currently fall short of qualifying for a mortgage loan. This arrangement is particularly advantageous for individuals planning to downsize in the future or investors looking to maximize their investments with investment.
2. Avoiding Multiple Offers
The real estate market often leads to bidding wars where multiple offers are made on houses and condos making it challenging for buyers to secure their dream home. By opting for a property buyers can bypass these situations. Increase their chances of securing the home they desire without facing fierce competition from other buyers.
3. Quality and Desirability
Presale condos are meticulously constructed using the materials, finishes and amenities that highly appeal to buyers. Moreover these properties come with the added assurance of being covered by New Home Warranty making them more desirable compared to older homes / condos in terms of both quality and peace of mind. In case any issues arise after completion buyers can feel confident knowing that they are protected by warranty coverage.
In general deciding to invest in presale properties comes with benefits. These include having the flexibility to choose payment options avoiding situations where there are multiple offers on a property and the chance to buy a new property, with contemporary features and warranty coverage.