BC Condos For Sale, What Holds More Value Pre Sale Or Resale condos?
Pre Sale Condos / Re Sale Condos
BC condos for sale in the Lower Mainland are rising in popularity as baby boomers make the foray into hassle-free housing and new immigrants look for more affordable housing. With both resale and pre sale condos available, which is the better investment?
BC condos for sale contain many deals in today's Pre sale condos, there is also many deals in today's re sale condo market so which one is the better investment?
BC Condos for sale:
There is some risk in buying pre sale condos, but if you do your research, and go with a credible builder, then you significantly reduce the chance of a bad investment. Some major factors to consider when looking for BC condos for sale / pre sale condos are the following!
1. You normally buy pre sale condos before they are even built. Typically you need to put 15-20% deposit down with out even seeing the finish product and without taking possession of your new home for another year or more and how do I know for sure if the value of my pre sale condo will appreciate in value?
2. BC condos for sale vary quite differently in price. How does the price of the pre sale condos compare? Do resale condos effect the value of pre sale condos?
3. When purchasing BC condos for sale, How can you be sure of what your getting while purchasing pre sale condos?
BC Condos for sale - The Answer
Always use an experienced Realtor when purchasing pre sale condos! Working with a Realtor who has experience purchasing pre sale condos prior to construction is key to being able to assess the strengths and weaknesses of each project. BC condos for sale vary in price, area's, amenity's and more. You need the expertise to guide you through the market to inform you on the best decision possible! Without working with the right Realtor you might not realize that the prices in the area you’re looking at have already increased in value, or that you negotiated your own deal on price, but didn’t negotiate other important details including getting the upgrades you want and having building costs capped by the builder. It’s not just about price, it’s also about value! You need to be able to put aside a builders flashy advertisements or promotion offers and seek professional advice!
If your thinking of buying pre sale condos and you have any questions feel free to give us a call. The Property finders are experts in dealing with both Pre Sale and Re sale condos. We are experts on BC condos for sale!
The Property Finders
By Sean jordan @ One Percent Realty