Cell: 604-855-2521 |

Change is Good

Change is uncomfortable but it is good for you.
I have a lot of personal experience with change and I have learned to love it. The first job I had and thought that I would be there until I retired was really hard to quit since I had no idea what I would do next. Looking back it was the best decision I made in a long time.
The first home I bought with my wife was a big change.
We were afraid whether or not we would be able to keep it. It turned out to be one of the best financial decisions we ever made.
Going into the real estate business was scary. I did not know if I would survive. After many years, I no longer think ‘survival thoughts’. I am thinking ‘stability and prosperity’ thoughts now.
The willingness to change creates new opportunities and improves our lives. If you don’t like where you are and what you do, then change it. It is in your power.
See, what I have learned is that the opportunities are rarely presented to us as an easy thing to do. They are usually dressed up in the difficulty suit. They are hard to recognize.
But they are yours to take if you have the right attitude and are willing to change.
So my advice for you is to embrace the change!
Tibor

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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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