Kim Lee

Pros & Cons Of Presale

Pros & Cons Of Presale - Kim Lee
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Presale vs Resale: The Pros & Cons

In the market for a condo, there are essentially two paths you can take: opting for a presale unit or a resale unit. Each option comes with its own set of pros and cons, and based on what you’re looking for and where you stand financially, one might suit you more than the other.

Presale Advantages:

Presale usually takes 3 years to complete and you won’t have to worry about getting a mortgage until then. You will have more time to save for a down deposit, as deposits are paid in installments. For a resale, completion day usually occurs a lot sooner and so does a mortgage. 

Pros & Cons Of Presale

Resale Advantages:

When you buy resale, you can see the home already and you know what you will be purchasing. You get to spend time in the unit, feel the layout, and take measurements. Although you may get a pretty good idea of the presale home by viewing the showrooms, the finishes and the intangibles like views may seem quite different upon completion.  

There are a number of factors that need to be taken into consideration when determining whether a presale or resale purchase is more appropriate for you and I’ll be happy to help you navigate the best option! 

Kim Lee PREC*
Oakwyn Realty Downtown Ltd. 
P: 778-997-8938

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Kim Lee (Vancouver Realtor)

As a Vancouver realtor, Kim Lee combines her love for people with her passion for real estate to provide guidance throughout the process and to building lasting relationships.