Presale Condos in Vancouver

An Answer to Florin’s Question: Can a Presale Bought High Ratio be Completed on Low Ratio?

 Financial Leverage and Presale Condos in Vancouver I LOVE Questions and Comments on my blog posts and appreciate them HUGELY!! We recently had a great question (Thanks Again Florin!) in the comments section of Episode 2 of How to Buy a Presale Condo where we discussed the advantages of pre-construction condos for Owner/Occupiers. This question was SOOOO GOOD, I decided to bring in a mortgage broker, Chad Watts and shoot an entire video on this topic! Florin's Question: I asked my mortgage specialist about point 3 “Financial Leverage.” The one where you mentioned “buyer who previously was a high…

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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. (Not sure what an appraiser is? Check out this great explanation with video on What is an Appraisal!) What does Completion…

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