presale

People always have questions about buying a pre-sale condo, and for good reason, it’s a different process than buying a typical (re-sale) condo.

When you purchase a pre-sale condo, you’re buying the unit directly from the Developer and often before construction has even started, if not, it’s typically before construction has finished. You and the Developer are making a contractual obligation with regards to a specific unit: they promise to build it, and you promise to buy it, with a big caveat: You don’t get to see the unit until it’s in your possession. Here’s what you need to know about buying a pre-sale condo.