If you’ve ever wondered about buying a pre-construction condo or have been confused by the entire process and have been frustrated trying to understand how the whole thing works, this is the blog for you.
We’ve rounded up our top blogs about pre-construction – so if you’re a first time buyer, someone who is thinking about starting to invest in real estate, or even have a few purchases under your belt, these blogs can help you start to navigate through how the process works, and help you understand how you can make money by buying pre-construction in Toronto.
Blog: How Pre-Construction Condos Can Work for You
Since buying a condo is one of the best ways to get into the Toronto Real Estate market, it’s no wonder so many people are interested to find out the ins and outs of buying a pre-construction condo. Whether it’s a condo for you to live in, a condo to flip, or one to hold and rent, there is money to be made for every type of buyer – from first-time condo buyers to seasoned investors and even downsizers looking for financial freedom later in life.
In this blog, we review some of the most important parts of the buying process and how many of the steps work.
Read the blog here: How Pre-Construction Condos Can Work for You
Blog: Buying a Pre-Construction Condo 101
If you’re reluctant to even get into the pre-construction game, you should really think again. It’s a very different buying process than purchasing a resale condo, and one that could make you money while the development is being built. Understanding some of the parts that make uneducated buyers fearful will help you see that there is a major upside to understanding how to buy a pre-construction condo.
Read the blog here: Blog: Buying Pre-Construction Condos 101
Blog: Leveraging Home Equity to Buy a Pre-Construction Condo
In this blog, we discuss using the equity you have built up in your current home and using that to purchase a pre-construction condo for your future move. This is a great learning piece for those who are expanding their family and need a larger space, or those looking to move into a different neighbourhood in the future.
We’ll show you how using the appreciation in your current home can make you money and provide you with a new home in just a few short years, while your new condo is being built.
Read the blog here: Leveraging Home Equity to Buy a Pre-Construction Condo
Blog: 5 Terms Every Condo Investor Should Know
If you’re thinking about getting into the investment game and purchasing a pre-construction condo to hold and rent out, this blog is for you. Even if you’re not, it’s still a good read to familiarize yourself with how condo investing works, and the key terms used in the industry.
We cover things like ROI, NOI – not sounding familiar or not sure how to calculate these? Give this blog a read.
Read the blog here: 5 Terms Every Condo Investor Should Know
Blog: The Importance of Working with a Pre-Construction VIP Broker
If you’re going to pick one blog to read, make it this one. Buyers are not on the same buying level when it comes to pre-construction condos and working with a VIP broker is one of the most important steps you can take.
Taking this first step can save you thousands of dollars and get you in the door first, giving you access to the best floor plans at the best pricing before the general public or even other brokers in the city.
Read the blog here: The Importance of Working with a Pre-Construction VIP Broker
Blog: How to Make Money in Pre-Construction Investing – A Case Study
We’ve had so many clients ask us for proof that investing in pre-construction works – so we pulled together a real-life example from one of our clients. It’s a great snapshot of how buying a pre-construction condo works and how your investment pays back as the development is being built.
This is a great blog to read if you want to see hard facts and numbers, which we provided with the permission of our client. What is this client doing now? More of the same – investing in projects like XO Condos and 28 Eastern which will continue to make him money in the market today, and for many years to come.
Read the blog here: How to Make Money in Pre-Construction Investing – A Case Study
Blog: What You Need to Know About Assignment Sales
If you read our case study, you would have seen the mention of Assignment Sales. Do you know what they are? Familiar with how they work? If not, check this blog out. We discuss the ins and outs of assignment sales and the legalities around them.
They are a very different transaction than resale so if you’re curious about them, this is the blog for you.
Read the blog here: What You Need to Know About Assignment Sales
Blog: The Advantages of Buying a Condo on Assignment
Even more intrigued about Assignment Sales after reading the previous blog? If so, keep reading. In this blog we provide details on how buying on assignment can put you in a positive position, ahead of the buying competition.
If you want a brand-new condo without the typical 3-4-year wait, we’ll show you how it can happen. We’ll also review how important it is to work with a Broker that has experience in Assignment Sales – it makes for a much less confusing purchase, and you’ll learn a lot while doing it. We’ve done more assignment sales than most agents, so the expertise here is firsthand.
Read the blog here: The Advantages of Buying a Condo on Assignment
Blog: How to Buy Your First Home with the Help of Mom and Dad
So now that you’ve read through all of the blogs, you’re feeling good about understanding how pre-construction work, the importance of working with a VIP Broker and even have an appreciation for how assignment sales work, but you’re still wondering how you can afford the deposit.
We’ve helped many of our clients work with their parents as partners in their first purchase, and when done right, everyone wins.
If you’ve never thought about partnering with your parents, read this blog and seriously consider it. This may be a way for you to get into the market and form a great business bond with your family.
Read the blog here: How to Buy Your First Home with the Help of Mom and Dad
If you’re interested in discussing buying a pre-construction condo with us and looking at what’s available now that will make you a great return, simply fill out the form below. We’ll be in touch to set up a time to chat to review the projects we really believe in and that our clients are buying.