Michael Park Broker
Royal LePage New Concept, Brokerage Independently owned and operated
Office: 416-223-3535Mobile: 416-417-4326

Preconstruction Condos

If you’re thinking of buying a pre-construction condo in Toronto; 

 

  • Many Buyers buy directly from the Builder, but the sales guy at that gorgeous model suite works for the Builder, not for you. His job is to get the highest price and the best conditions for the Builder. He doesn’t care if you don’t get the best price, or if you sign a contract that restricts your ability to resell or rent the unit–he works for the Builder, not for you. How can that be a good idea?
     
  • Don’t be fooled into thinking that if you don’t use a Realtor, that you’ll pocket the money we would have been paid. That money will go to the Builder’s sales team (or maybe the Builder himself). Have you ever heard of a Buyer getting a discount because they didn’t use a Realtor? Me either.
     
  • Buying a pre-construction condo is complicated and there are a lot of legal intricacies and details involved–You don't want to get a surprise HST bills when they flip their condo before closing.
     
  • By the time a new condo project goes on sale to the public, most of the good units are already sold–in fact, we routinely see condos or lofts that are already 50% sold  by the time of the public opening. The ONLY WAY to get the best units (high floors, best layouts, good views) is by partnering with someone who has VIP access to the condos BEFORE they go on sale to the public. And if you’re working with the right VIP Realtor, you should get special VIP pricing and upgrades too.

     
  •  Yes, Builders are notorious non-negotiators. But there ARE things that a knowledgeable Realtor can negotiate for you–from upgrades to a cap on your development closing costs. 

If you decide to use a Realtor to buy a pre-construction condo in Toronto, make sure you partner with someone who knows pre-construction and knows the particular project you’re interested in. They’ll know the good buildings, the good builders and can walk you through what can be an intimidating process

Contact Me

Michael Park Broker
Royal LePage New Concept, Brokerage Independently owned and operated
5 Glen Cameron Rd Unit 5
Thornhill, ON   L3T 5W2

Phone: 416-223-3535Mobile: 416-417-4326Fax: 905-597-7731
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