Presale condos in Downtown Vancouver are a perfect choice for first-time homebuyers and investors. Not only do they offer great investment opportunities, but they are also priced to sell. The low price is a direct result of the massive supply of new high-end condominiums in this area. There has never been a better time to purchase a resale condo – in any part of the world!
The presale condos in Downtown Vancouver are available at prices that are well below list price. This is a direct result of the enormous demand for these properties. In addition, there is also an opportunity to get first-time buyer pricing. Presale condos have already been sold and you can take advantage of this amazing offer. By purchasing a condo in Downtown Vancouver, you will be one step ahead of the latest real estate market trend.
Many new developments have been planned for Downtown Vancouver
However, none of these has ever come to fruition. The lower the demand for condos, the lower the price. This has created a situation where high-end, fully licensed condominiums are selling for hundreds of thousands of dollars less than market value. This is a win-win situation for resale property buyers. You get to own a high-end property at a low price and the developer makes money by offering it at such a reduced cost.
Many new developments will have a limited number of resale condos available when they are ready to sell. It is wise to invest in one of these properties early on, as there is no telling how quickly these will sell-off in the market. There is also less risk associated with purchasing a resale condo, so this is definitely a win-win situation for any investor.
In addition to the high-end, fully licensed, resale condos, you will find that there are a number of “designer” resale condos also being offered. These new development professionals are bringing the beauty of the urban environment right to their own backyard. These beautiful condos offer all the features of a luxurious resort without the hefty price tag. Whether you want a quiet, out-of-the-way space to enjoy nature, or you crave the hustle and bustle of the “real city”, designer condos are the answer.
What to consider before buying any presale condos?
If you are considering buying real estate in Vancouver, whether it be condo developments, townhouses, or single-family homes, there is no better time than the present. Between a slow economy and record job growth, there is no room for anything but optimistic expectations. The key to successful real estate investing in Vancouver is timing. Buy property when the economy is healthy and full of hope. When things are sluggish, your opportunities for big bucks will diminish greatly.
The most lucrative time to buy in Vancouver is between spring and fall. This is the best time to purchase real estate because everything is still in the “heirloom” stage. Vendors are still renovating and repairing old structures to put them on the market for resale. At this point in the economy, buyers are offered a number of attractive deals. There is no need to take advantage of these offers, however, by shopping around. Make sure to check out resale listings in the spring and fall, and then compare prices in Vancouver with those offered by traditional real estate agents.
In summary, it is important to understand what you can expect from presale condos in Downtown Vancouver. They offer an investment vehicle that is ideal for the cautious, real estate investor. They offer luxury at a fraction of the price of new construction condos. Whether you are looking for a place to live in the downtown area, a second home, or an investment property, there are many great options available. One can find the best deal for presale condos in Downtown Vancouver at websites like greatervancouverrealestate.com.