With the rising interest rates, it’s quite common to be worried when it comes to making decisions to achieve real estate goals given the constantly changing market.
Presales are a great opportunity now to get into! Especially concrete high rises with a four-to-five-year outlook. You get to invest in the market without having to secure a loan with today’s high rates and higher payments. All that is needed is to put down a deposit and wait for the building to complete.
In addition to this, we are seeing a lot of inflation right now, so leaving your money in the bank is just losing purchasing power.
We are also in more of a buyer’s market than before so you get much higher negotiating power with the developer. You can negotiate terms such as the assignment fee, the deposit structure and extra add-ons, any extra finishes. You may even be able to negotiate an additional parking spot and even negotiating the price itself!
If you have any additional questions, feel free to reach out and we’re happy to help and walk you through the process of getting into presales!