INTERVIEW WITH THE EXPERTS
This is the first of a series of interviews with real estate industry experts. Here you will find answers to your most pressing questions about the real estate market and tap into a diverse pool of new leaders in the industry to get your questions answered. In this episode we will discuss the 'ins and outs' of pre-construction condominiums and what you need to know as a personal home buyer and as an investor.
EPISODE 1 – PRE-CONSTRUCTION CONDOS: 7 QUESTIONS YOU NEED TO ASK BEFORE YOU SIGN ON THE DOTTED LINE
Many individuals, families and couples will enter the real estate market this year for the first time; as investors.
Some will purchase existing inventory and use the traditional buy, rent, hold strategy. Still others will take a slightly different route and purchase their investment property as ‘pre-build’ also commonly known as ‘pre-construction’.
Essentially, they are making the purchase by way of a floorplan with the anticipation of seeing a healthy Return on Investment by the time the construction is completed. Some will keep the property after completion. Others will take a different route and cash out before taking ownership then move on to the next venture.
So how do you know the best approach to take as a first-time buyer or an investor new to the pre-construction purchase strategy? Great question.
I have engaged the fine legal mind of Alex Koch, Partner with Segal, Koch LLP to answer key questions you need to understand the legal implications before signing a contract to purchase your pre-construction condominium.
If you are thinking about purchasing a condominium because of downsizing, buying your first home or, buying an investment Register today to get on our VIP/Platinum list for upcoming condominium projects.
Remember, not every contract is the same…Watch, listen and learn from this in-depth interview designed to help make your pre-construction condo purchasing easy.
Click on the link below to enjoy!