by Gerald Boniel, REB,REA,ECE
Purchasing a condominium unit during its launching or pre-selling phase offers significant advantages for buyers. Developers often provide introductory offers during this period, making it an opportune time to invest. Here are key benefits:
Lower Prices & Flexible Payment Options:
- Introductory Discounts: Take advantage of lower prices compared to units sold after launching or when ready for occupancy (RFO).
- Flexible Financing: Benefit from potentially lower down payments and extended payment periods.
High Appreciation Potential:
- Value Growth: Pre-selling condos typically increase in value as construction progresses and demand for the development grows.
- Early Equity: Your investment can appreciate even before you move in, building equity from day one.
Wider Unit Selection:
- Prime Choices: Secure your preferred unit type and location within the development, especially important in high-demand areas where the best units are quickly reserved.
Investment Opportunities:
- Resale or Rental Income: Lower initial prices can lead to higher potential profits if you choose to resell or rent out the unit after completion.
Developer Incentives:
- Launch Promos: Some developers offer special promotions, free upgrades, or other incentives to early buyers during the launch period.
