Cell: 604-855-2521 |

How can this tool save you thousands of dollars?

Many buyers, sellers and even realtors have never heard of this!
What is BPP?
Let me explain by with an example:
John and Marie have been looking for a home to purchase for almost a year and they have found a number of homes that they would happy to own. What is holding them back is the fear that the market will dip and they will pay too much.
So instead of making a move, and making a potentially wrong decision they chose to make no decision at all and continue to rent.
John and Marie are the type of clients that this program is customized for.

Lets assume that they find a house listed at $350,000.
It is well priced at today’s market value but John and Marie think that the market will drop another 3% in the next 3 years. Fortunately this home has a BPP sign on it.
Therefore the buyer can bring an offer that will include the clause that says, 3% ($10,500) of the purchase price shall be set aside in the non interest bearing trust account for a period of 12 months" and if John and Marie are right and the market dips 3% they will get that 3% back. If they are wrong and the market value increases or stays the same the seller gets their money back and John and Marie will enjoy the investment.

This is just one of the tools that I have to save my clients thousands of dollars $$$.

If you want to learn more


What is a pre-sale?

Example scenario: When the developer intends to build an apartment building and applies for financing, the bank will grant financing under certain conditions. One of them will likely be a certain percentage of pre-sales the developer will need to secure before receiving the funds.
It is common practice for a developer to approach several real estate investors and offer them an opportunity to purchase units of the non-existent building at a discounted price, and on good terms.

Once the number of pre-sales is accomplished, the developer goes ahead with the construction, which will likely take two years or longer to complete. During construction, their marketing team offers the remainder of the units for sale at market value to the public.

If you are a RE investor, you know that it is preferable to be buying at the pre-sale prices, not market value prices.

The question is, how do you get the invitation to buy a pre-sale?
In the past many years, investors have made substantial income by buying at wholesale prices and selling at retail prices even before they needed to complete their purchase. I saw many of them lining up and sometimes even camping overnight in front of the sales center to get a chance to buy at lower prices, but not everyone was lucky enough. You needed to be well-connected to get an opportunity, and you had to act fast.

Today is a bit of a different story. Several projects in the Lower Mainland and Fraser Valley offer really good prices and incentives to secure a unit now and complete the purchase two or three years later. The list of incentives varies from one project to the next. Besides attractive prices, you can get low deposit amounts (5-15%), low or no assignment fees, free updates, a mortgage rate buy-down program, extra parking and more.

A month ago, I helped a few of my clients purchase a presale in Surrey that sold out in 2 days, and I know of another good developer that will be offering a few units for sale as well.

If you would like to know more about these opportunities, I would encourage you to call or email me, and I’ll be happy to send you details on those projects.
Kind regards,
Tibor Bogdan
Century 21 Creekside Realty Ltd.
45428 Luckakuck Way #190, Chilliwack, BC V2R 3S9
cell: 604-855-2521
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