How To Buy a Pre Sale Condo in Vancouver

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… Find out more

Pre Sale Condo Assignments in Vancouver – What are They? Are they Safe?

Along with the rise of the Vancouver's Pre Sale Condo market, the market for Pre Sale Condo Assignments has been a huge money maker for investors in Vancouver Real Estate. What are Pre Sale Condo Assignments? A Pre Sale Condo Assignment is when the original Buyer of a Pre Sale Condo sells their rights to a completed condo to another Buyer before that condo is completed. The reason the word "Assignment" is used is because the original Buyer assigns their rights to the new Buyer. The Seller of an assignment is the Assignor and the Buyer of an Assignment is… Find out more

What is a Pre-Sale in Vancouver Real Estate?

Pre-Sales in Vancouver, British Columbia Canada Open the Georgia Strait or any other local paper and you'll notice advertisements for apartments and condos. Most of these places don't yet exist. Why? Because they are pre-sales! What is a Pre-Sale? A pre-sale is when a Developer sells a Buyer a property before that property is built or completed. The Buyer purchasing the pre-sales is buying the right to a completed property that will be built in future. In the UK and elsewhere Pre-Sales are referred to as Off Plan Investments. Why do people buy Pre-Sales? Pre-sales are popular with investors and… Find out more