Preconstruction Sales

Started by StreetChallenged

over 11 years ago

Posts: 19

Member since: Aug 2013

Discussion about

Hello, I am curious about purchasing in a unit in a building that is expected to begin construction next year from a fairly reputable developer. However, I am not sure how to go about this. I have been in touch with the developer but I'm wondering: 1. Do I need a broker for preconstruction sales? Or do I deal directly with the developer? 2. Would I ask the developer for some type of pricing sheet? Or would I just get in touch with an attorney? Thanks.

Response by streetsmart

over 11 years ago

Posts: 883

Member since: Apr 2009

A buyer's broker with experience in new construction should be very helpful..The commission for a buyers broker is paid by the seller, in this case the developer, sponsor .

Ellen Silverman
Licensed Real Estate Broker since 1987
Ellensm@ aol.com

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Response by ungdoo

over 11 years ago

Posts: 7

Member since: Oct 2008

if you go without broker they might be able to pay for your transfer tax. I was offered this althought didnt end up buying one.
But if it's just a condo do own research and go by yourself and get 3% discount which is normally offered to agent.

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Response by crescent22

over 11 years ago

Posts: 953

Member since: Apr 2008

risky move late in an upcycle

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Response by jaredmb05

over 11 years ago

Posts: 23

Member since: Jul 2014

@Crescent22.. Care to elaborate?

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Response by streetview

over 11 years ago

Posts: 331

Member since: Apr 2008

What new building under construction on the UES has a little dispute going on with the Architect vs. the concrete guys?
The construction appears to be on hold until remedies are addressed.

Preconstruction Sales

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