Top 5 Questions To Ask Your Realtor Before Buying A Presale Condo?
The Real Estate Market offers an array of exciting presale investment opportunities for buyers—from those aspiring to homeowner status for the first time to experienced real estate investors.
If you’ve ever wondered how what questions to ask a realtor while buying a presale condo, here’s the list of Top 5 Questions to Ask your Realtor
Please don’t hesitate to contact Ravi Bhindi at 604-825-8881 if you have any questions.
1. What Area Of Real Estate Do You Specialize In?
While this question may seem quite forward, it’s best to get to know your Realtor first.
This is an important step and can be easily accomplished to suffice your long-term relationship with your Realtor.
Asking questions about their experience with pre-sale condos, how well they know the devloper, their communication style, how they support clients, and how they manage client expectations can make a big impression on you as the buyer.
You will want to feel confident in their abilities, having a positive personality fit with them, and building trust with them is crucial for your real estate goals to be met.
A seasoned Realtor will stay informed and connected to the sales representatives at the projects you are most interested in.
They will stay on top of current market conditions, ask important questions about promotions and incentives, they’ll understand the closing process to ensure you truly understand what you are buying given the pre-construction nature of the purchase.
An Experienced Realtor would know who the reputable builders and developers are in the industry
2. Where Is The Presale Condo Showroom?
Most buyers nowadays view homes though virtual showrooms. However, visiting a showroom, or a building site is a much different experience in person.
If you have the chance to visit the construction site in person, it’s a great way to get to know the process and see the progress. It’s also brings the purchaser a great deal of peace of mind. Ask your Realtor if it’s possible to visit in-person.
When you do tour, either virtually or in person consider researching the developer, find out if they are a reputable builder in the area.
Review their previous projects and take note of the quality of the work put into the building and their timelines – to see if you might experience anything similar. As you do your walk thru of the building, take a closer look at the features and finishings.
This is a great time to assess whether these live up to the standard you are expecting for the price tag you are focused on.
Here is where you have the chance to ask more detailed questions that will benefit you in the long-run.
3. What's The Best Location, To Suit My Lifestyle?
While getting to know your Realtor, and as they are getting to know you better, they’ll know what area will best fit you and your lifestyle. One of the questions to consider asking your Realtory about presale condos is in regards to the location.
Due to the fact that it can sometimes take up to 3 years or more to complete a project, from the moment you make an offer, do your best to understand what the other proposed neighbourhood changes and think about how it would affect your lifestyle.
Look for things like schools, daycare, community centres, proximity to your job, medical centres, etc… as factors like these can help your boost your property value while your condo is still being constructed as well.
4. Are There Any Ownership Options?
One of the perks of condo ownership are the options! Ask your Realtor what the ownership options are at each of the showrooms you are visiting. See if there are decisions outside of the property itself, you may be interested in. Knowing these could be the deal breaker if you’re having a hard time deciding on multiple buildings.
Some of the perks are in-building storage options, parking spaces and extra spaces that may be available.
Find out if they offer electric vehicle charging stations. Some developers include playgrounds on their building grounds and dog friendly areas.
Look for things like schools, daycare, community centres, proximity to your job, medical centres, etc… as factors like these can help your boost your property value while your condo is still being constructed as well.
5. What Are The Customizable Interior Design Options?
For each of the showroom tours you go on or building site location tours, ask your Realtor what your options are for interior designs. Most presale condos offer buyers the opportunity to customize finishings, like bathrooms and kitchens.
Be sure to discuss interior design options such as finishings or colour schemes. If you don’t, you could easily be stuck with design details you don’t like or have to necessarily pay for them to be redone.
Be sure to find out all of the building floorplans, your Realtor should be able to access those easily and answer any questions you may have when finding the suitable floorplan to fit your needs
Conclusion:
Whether you’re looking for a condo pre-construction or resale, it’s always best to work with a real estate agent that is experienced in the Greater Vancouver Market. By working with an agent who has experience in both pre-construction and resale condos, you can rest assured that you’ll get all the information you need to make an informed decision about your next purchase.
For more information on condo developments in Surrey, contact the team at Ipresalecondos.
Ipresale Condos is not just an agency that sells real estate, but our agents believe in educating each client deal with their own professional situation. Please call or text at 604-825-8881 or email at info@ipresalecondos.com
