Cell: 604-855-2521 |

Information and What Do We Make Of It?

~ Information, and What Do I Make Out Of It? ~

We live in a world of information overload! Information used to be protected. Now it is available to everyone that wants it Free!

We used to call our stockbroker to find out what our portfolio is doing. Now I can access my account within 60 seconds and get up to the minute information.

We used to call our travel agents to find us a vacation deals. Now the deals come to my junk mail folder just about every hour of the day.

We used to call our realtors to ask them to find us a house. Now we find a house and then call our realtor.

However, the fact that we have the access to the information does not mean that we understand the issues and/or challenges that are associated with the action. That is where an expert comes in picture.

I may know that my stock is up or down but I may not know why? I need an expert. I may know about the cruse to Caribbean for $500/person but what I may not know is that the ship has been constantly worked on due to many technical problems. I may know about this cheap house that looks so good on the MLS but I may not know that this house has a potential to turn into a money pit.

So here is my advice; Find yourself a trusted adviser before you commit your life savings and the peace of mind.

You will be happy you did!

Please reply with any comments or questions on this.

Kind Regards,
Tibor Bogdan


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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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