RISKS of Buying a Presale... and SOLUTIONS so You Can Buy a Presale Safely

Описание: Today's video is all about presales, and the RISK OF BUYING A PRESALE! Plus: I offer some solutions on how to lower the risk of buying a presale in Vancouver and the surrounding areas, and purchase a presale safely.

TIMELINE • In this video, we discuss:
0:00 • Introduction
0:31 • Tip: Work with a PRESALE Realtor
1:58 • Risk #1: Presales aren't tangible - no guarantees
3:49 • Risk #2: Rates, Appraisal & Financing Requirements Can Change
4:28 • Pro Tip: Look into Builder's Rates & Blanket Appraisals
5:34 • Risk #3: Delays Often Occur
7:46 • Risk #4: No Guarantees on Profit!
9:49 • Presale Assignment of Contract
11:24 • Risks of Buying a Presale Recap
12:01 • Lower Risk by Hiring a Presale Realtor - Bridgewell Group!

RISKS:
No guarantees that the unit will be exactly the same when built as it was when you bought it on paper

No guarantee that you'll be able to get financing - life and mortgage rules can change
PLUS no guarantee on interest rates or appraised value... *SOLUTION unless you use our presale hack and work on getting a firm approval, blanket appraisal, and builders interest rate

No guarantee on the exact move in date... all dates are estimated and construction may delay

No guarantee on profit... don't bank on assigning, we have no idea what the market will be like come completion

SOLUTIONS:
Use a realtor that is familiar with presales and has extensive experience & connections when it comes to presales & presale financing. (If you're looking to buy a presale in the Vancouver area/Lower Mainland, call me today - 604-765-0376!!)
Try to secure a firm approval, blanket appraisal, or builders locked in interest rate to minimize your risk (for more on this, check out the video below)

VIDEOS REFERENCED:
Firm approvals, blanket appraisals & builders interest rates with Jon Chan from RBC, check it out HERE:    • Presale Scares During COVID: Job Loss, App...  
Assignment of Contract FAQs for Presales, check it out:    • Assignment of Contract of Purchase and Sal...  
--
🔹CONTACT INFO🔹
TEAM BRIDGEWELL REAL ESTATE GROUP
📲 Direct phone: 604-319-0200 (we love texting!)
📩 Email: [email protected]
🖥️ Visit: https://www.bridgewellgroup.ca
🔹◽🔹◽🔹◽🔹◽
STAY IN TOUCH ON SOCIAL:
Instagram:   / bridgewellgroup  
Tik Tok:   / bridgewellgroup  
Facebook:   / bridgewellgroup  
Twitter:   / bridgewellgroup  
🔹◽🔹◽🔹◽🔹◽
Want to find listings and know how much homes are selling for FASTER? Sign up for our PCS system to receive instant notifications to your email for new listings and sale activity: https://bridgewellgroup.ca/pcs-signup/

Are you ready to BUY or SELL in the Coquitlam, Greater Vancouver/Fraser Valley areas?! Contact BRIDGEWELL REAL ESTATE GROUP - we are one of the top producing teams in Coquitlam and the Greater Vancouver area and can help make the process of buying or selling as seamless as possible!

SUBSCRIBE TO THE CHANNEL HERE:
https://www.youtube.com/c/BridgewellR...
More Coquitlam neighbourhood information here:
https://bridgewellgroup.ca/coquitlam-...

COQUITLAM REAL ESTATE OAKWYN REALTY LTD.
VANCOUVER BC HOMES, TOWNHOUSES & CONDOS
GREATER VANCOUVER BC REAL ESTATE FOR SALE

#vancouver #coquitlam #realestate #presales