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Category Archives: How To Buy a Pre Sale Condo in Vancouver
Presale Condo Completions in Vancouver – Avoiding Penalties!
Completing on a Presale Condo in Vancouver and Appraisals.
I recently had the pleasure of interviewing Chad Watts of The Mortgage Group about an experience he had during the the Completion of a Pre-Sale Condo here in beautiful Vancouver, BC.
Developers in many cases only give 10 days notice of the Completion of a Presale Condo. During this time sometimes up to several hundred appraisers need to get access to and appraise the soon to be Completed suites.
What does Completion mean in Relation to Condo Presales? Continue reading
Posted in: For Buyers, How To Buy a Pre Sale Condo in Vancouver, Vancouver Real Estate and Mortgage Financing
Tags: Chad Watts, Completing on a Presale Condo, Completing on Off Plan Condos Vancouver, Developer Penalties for Completing Late on a Presale, How to Avoid Penalties when Complleting on a Presale, Mortgage Broker Advice on Presale Completions, Off Plan Completion, Presale Completion Tips, Presale Condo Buyers, Presale Condo Deficiency Walk Through, Presale Condos in Vancouver, The Mortgage Group
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Presale Condos and Mortgage Financing!
Getting a Mortgage on Your Presale Condominium in Vancouver
Pre Sale residential condos are a popular option for many home buyers and investors in Vancouver. (Want an explanation of Presale Condos? Check out this video here).
I recently had the pleasure of interviewing Jessi Johnson, a Mortgage Broker in Vancouver about mortgages and presales.
Most people buying pre sales get mortgages on these properties when they complete several months or years later. Getting a mortgage is a fairly straightforward process and for most buyers occurs with very few issues.
That said, very few buyers of presales realise that there is no guarantee that when they buy a presale condo there is a chance they may not be able to get a mortgage in a few years time when the property completes.
No Guarantee You Can Get Mortgage on a Presale?! Continue reading
Posted in: For Buyers, How To Buy a Pre Sale Condo in Vancouver, Vancouver Condo Pre-Sales, Vancouver Real Estate and Mortgage Financing
Tags: Downtown Vancouver Pre-Sale Condo Project, Getting a Mortgage on a Presale, How to Buy a Presale Condo, How to Buy an Off Plan Condo, Off Plan Condo Financing, Pre Development Properties Vancouver, Presale Condo Financing, Presale Condo Risks, Presale Realtor
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