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How to Buy a Presale Condo in Vancouver!

How to Purchase a Pre Sale Condo in Vancouver, BC, Canada Buying pre-construction condos have become a very popular option for many homeowners and investors in Vancouver. (If you're not sure what a Presale Condo is, check out this great Video Here!) Many buyers think that buying a presale is as simple lining up in front of the Developers Display Centre and signing a contract for a Presale. What many of these buyers don't know is that there is an element of risk when buying a pre-sale in Vancouver. Presales are Risky in Vancouver? Sometimes YES! I am a huge…

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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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How to Buy a Vancouver Presale #1 | Introduction

 Introduction to How to Buy A Presale Condo in Vancouver In this series of videos, I will explain in detail the process of buying a Residential Presale Condominium in Vancouver, British Columbia, Canada. (Not sure what a Presale is? Check out this great explanation of Presale Condos Here!) Who I am: My name is Mike Stewart, and I am a top producing and award winning Realtor in Vancouver and I specialize in Pre Sale Condos. Since 2005, I have helped my clients purchase Presale condos all over Vancouver and Pre-Sales make up a good portion of my Real Estate…

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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…

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