5 Reasons Why You Need a Realtor to Buy a New Condo

31 December 2014

Recently the price differential between new and re-sale condos has narrowed and the pre-construction market has become more popular. Unfortunately many choose to buy pre-construction condos directly through the sales office. Today I want to talk about the five reasons why you need a Realtor to buy a new condo.

1. A Realtor has no interest in any one development

Realtors are in a position to compare projects and advise you, the buyer, on which ones best suit your needs. They also can advice you on which units have the most potential for price appreciation and the basis for good rental rates.

2. We can Help Negotiate

While prices for new projects are not negotiable, we can advise and help you to negotiate on upgrades, deposit schedules capping closing costs payable to the builder and much more

3. We can get you to the front of the line

Most successful projects are more than 50 percent sold before they even reach the public. Find a Realtor with Platinum or VIP privileges. Developers start with the lowest price at the outset and they raise their prices in stages. Buy at the end of the project and you will pay more.

4. Good Realtors know the best units to buy and which ones to avoid

The floorplans, views, exposure ect. are all critical elements in making the right purchasing decision and achieving strong price increases over time

5. Who is Working for You?

When you visit a new condo project, the sales person on site is hired to work for the interest of the developer. Who is working for you? If you go alone you're in trouble.

6. (Bonus) It costs you nothing!

If you hire a Realtor to work for you and use their expertise it costs you nothing. The developer pays the commission