AFSHIN AFSHAR Personal Real Estate Corporation

Oakwyn Realty Ltd.

Why Presale?

Presale has always been an exciting way of "Investment" and "Home Ownership". We're going to review the Benefits of it together.

Buying presale buildings can be an attractive option for various reasons. Here are some compelling reasons why individuals might choose to invest in presale properties:

  1. Lower Price Point: Presale properties are typically offered at a lower price compared to completed properties in the same area. This initial discount can be appealing to buyers looking to enter the real estate market at a more affordable price.

  2. Potential for Appreciation: As the property is purchased before construction is completed, buyers may benefit from potential appreciation in property value by the time it is finished. In rapidly growing markets, this could lead to substantial gains.

  3. No Mortgage needed now: The Mortgage is for the Completion time, so you don't need to worry about the interest rates until that day. Meanwhile you can plan ahead and do what your Mortgage Broker advise you to.

  4. Customization Options: Buyers of presale properties often have the opportunity to customize certain aspects of their future home, such as choosing finishes, fixtures, and sometimes even layout modifications, allowing for a more personalized living space.

  5. Flexible Payment Plans: Developers may offer flexible payment plans for presale properties, allowing buyers to spread out payments over the construction period. This can make it easier for some individuals to manage their finances compared to a lump-sum payment.

  6. Newer Features and Technology: Presale buildings often incorporate the latest architectural designs, construction techniques, and technologies, ensuring that the property is equipped with modern amenities and energy-efficient features.

  7. Minimal Maintenance Issues: Since the property is brand new, buyers can expect fewer maintenance issues and repairs, at least in the initial years of ownership.

  8. Access to Prime Locations: Developers often choose prime locations for their presale projects, providing buyers with the opportunity to own property in desirable and sought-after neighborhoods.

  9. Investment Opportunities: Some buyers view presale properties as investment opportunities. They may plan to hold the property and rent it out for a steady income stream or sell it after completion for potential profits.

  10. First-Time Homebuyer Benefits: Presale properties can be particularly appealing to first-time homebuyers as they provide a chance to secure a home without competing in a competitive resale market.

  11. Developer Incentives: To attract buyers during the presale phase, developers may offer additional incentives, such as cash rebates, upgraded features, or waived closing costs.

While there are many advantages to purchasing presale buildings, it is essential for potential buyers to conduct thorough research, review the developer's track record, understand the terms and conditions, and be aware of potential risks associated with presale investments. Working with a reputable real estate agent and seeking legal advice can also be beneficial during the presale buying process.

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