Pros & Cons of Buying Presale in Canada

Own Your Life ~ by Jessi Johnson

Find presale buying opportunities here: https://www.jessijohnsonrealtor.ca/pr...
Did you know that you don’t necessarily have to complete a presale purchase? Many contracts are assignable or flippable, to a new buyer, before the completion... Watch to learn more!
If you can’t sell the contract or don’t want to for the price a buyer offers, you must complete on the transaction. So, make sure that you qualify to complete, in the event that you must. Also, what if the market drops, this is unlikely but still possible... Watch to learn more!
The Canadian government has changed their focus back to immigration but kinda forgot to fix the housing crisis first. Almost 800,000 new people arrived to Canada in 2022 and the government has set a goal of 500,000 every year, for another 4 years. This will more than likely cause home prices and rental prices to keep going where, straight up... Watch to learn more!
Are there any discounts, as in price reductions or incentives, when buying presale, you might ask? Great question, there are not really discounts, pretty much everyone pays the same, in most circumstances. However, there certainly can be incentives, so look out for those. Some incentives examples are:
~ 1 year of mortgage payments
~ Upgraded appliances
~ Decorating allowances
~ Smaller deposit structures, as low as only 10% down
~ I have even seen entry-level BMW car’s offered
~ The deposit forms the down payment at completion
Watch to learn more!
👉 Learn more, call Jessi at 604 716 6474, email [email protected] or schedule a time to chat here: https://calendly.com/jessirealestate
Don’t forget to pick up a copy of my best-selling book on Amazon, Rockstar Real Estate Investing if you haven’t yet and we are here for your questions at any time.
Pick up my book here: https://amzn.to/3uX43SA
Also, let us know if you are interested in becoming a realtor and joining our team at eXp. We have one heck of a program for new and experienced agents.