Meetup! You’re Invited: Why NOT to buy a presale development, and when you should?

Theresa’s Soapbox

Today I’m here to invite you to our next meetup! We will be discussing presale developments in particular why not buy a presale development and also when you should buy a presale development.

We’ll be meeting up on Wednesday, not Thursday this time, June 22nd at 6:30 PM. The reason for the change is we were lucky enough to invite Vic Jang, our special guest, who will not be available on Thursday. He will be talking to us about presale developments because he’s been involved in quite a few of them over the last 20-30 years.

For myself I’ve always thought that presale developments are a great option, but in the past meetups we’ve been talking about leaky condos, foreclosures, estate sales and everything that might have a problem with it, but might get you a great deal. On the flip side I always thought that presales developments were great option because you get a brand new place nobody’s lived in it and it’ll be hassle free, worry free and you’ll pay today’s price for something two year’s later, and the price is sure to increased. Sounds like a great situation, but there are actually a lot of things you might need to look out for. If you are think about it you’re paying a deposit today, but there’s nothing there yet, no tangible apartment building for you to look at yet and you won’t know how well built the place will be or how reputable the developer is. We’re going to be sharing a lot of that information with you and after the meetup if you decide that you want to buy a presale development because you’re armed with more knowledge and you’re more comfortable with your decision you’ll know what to look out for, what questions to ask.

Make sure you remember to RSVP on our page because there will be a prize draw at the end of the night for those who have RSVP’ed online (the draw excluded people who are just drop-ins).

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