1. Find a Platinum Selling Agent with the Right Access
First things first, find the right Agent with Platinum Access to guide you through the process. Platinum Agents like ourselves, have vast knowledge and first access to the latest project launches all over the GTA for you to review.
2. Determine an Area of Interest
Look into the cities you’d be interested in putting your money into and what you're willing to pay for that area. We love an already-developed or in-demand area like downtown Toronto, which is usually a pretty safe bet! But also consider upcoming locations that have room for growth (ie, neighbourhoods just outside of the hustle and bustle!) Ask your Platinum Agent which areas have the best value in terms of appreciation, resale value, rentability, $/sqft, etc. Once you’ve selected the area of interest it’s time to choose the development/project you wish to invest in. Our Platinum Agents will help you find a great project with a developer you can trust.
3. Pick Your Floor Plan
The next step is to select the type of unit that best fits your needs. You will have the chance to review different floor plans and layouts from a range of suites. Some builders will also have a “Presentation Centre” to showcase the features and finishes in a Model Suite so you can grasp a better understanding of what you are buying into. After you select your unit type, we help you determine how your selection will fit into your budget.
4. Submit Worksheet
Our Platinum Agent will then submit your request to the builder and confirm the allocation of the unit. Once confirmed, an appointment (in person or virtually) will be arranged to sign an “Agreement of Purchase and Sale”.
5. Time to Review!
After you’ve signed the agreement, we help you review the documents with a lawyer to ensure everything is in place and no hidden fees/issues will arise. You now have a 10 day “Cooling Period”. If there are any problems within the 10 days, you will be able to cancel the agreement with no penalty. After 10 days, you will officially “firm up” and be the owner of a brand new pre-construction unit!
Thinking of investing in Pre-Construction? Contact Our Team Today!
Mourad Hanna, Broker Of Record
Bonnatera Realty | My Condo World
416-822-7112 | admin@mycondoworld.ca