How typical pre-construction deals are set up:
First level pricing - usually not
advertised and available only through our sales team. We
are notified and updated by our network of brokers who
sell directly for the developers. In many cases we deal
directly with developers. We usually reserve 10 to 15
units for our vip clientele.
Second level pricing - advertised, but
depending on popularity of the building usually
available to real-estate brokers and their clientele.
Prices are 5% to 10% higher.
Third level pricing - available to public,
advertised, but another 5% to 10% added to the price.
Reservation deposit - typically $15,000.00
to $25,000.00. Some developers require as much as 10% of
the purchase price. Usually, after the initial deposit,
a balance of first 10% is required within 15 to 45 days.
The second 10% is typically due upon groundbreaking or
within the next 3 to 6 months. Here is the most typical
timeline:
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Are your ready to buy a pre-construction property? If
so, then fill out the information below and one of our
agents will contact you.
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