What is a Presale Condo?

It is buying the right to purchase a brand new home in a new development. The purchaser pays the deposit and is obligated to purchase the home when it does complete (is built). Deposits can range from 5-10% initially, and then another 10- 15% through the construction process, depending on the development. However you will not have to secure the mortgage until after the property has been completed. This money is held in the developers trust account until completion, they will not have access to the funds before it.

Why Would You Buy A Presale Condo?

1. Buying early in the Development means you will purchase before the prices rise as they tend to do. This can allow you to leverage your investment. Possibly to assign the contract to another purchaser for a significant profit, or use the equity to decrease your down payment with the “assumed equity.”

2. Customize your new home before it is built, it may be easier to do while it is being constructed.

3. New condos built by a reputable developer, will have the 2-5-10 New Home Warranty. Since the entire building is under warranty, there won’t be any serious structural costs for many years. This is some great risk mitigation.

4. Maintenance fees will likely remain quite low as compared to many older building who have needed some work done to them.

5. New homes are coveted by potential tenants and will garner a much higher rent from these prospective tenants, which is a great reason for investors to buy Presale Condos.

There are many great reasons to purchase a presale condo, I would be delighted to speak to if you have any questions on a particular presale or the process of purchasing a presale condo. Sign up to become a VIP Presales Member.

Chris.

Chris Ball Real Estate Advisor - Presale Condo Expert 

Mobile: 604-512-9208

Email: chris@chrisball.ca

Sky Front at Burrard Place

This one of a kind sky scraper is set to change the Vancouver skyline. Skyfront at Burrard place will be a mixed use development consisting of a signature two 60 storey towers and a 13 storey office building including the future flagship Jim Pattison Downtown Toyota, totaling over a million square feet of residential and commercial space. This development is huge and will consist of 810 housing units. Striking uninterrupted views of English Bay, North Shore Mountains and the Downtown Skyline can be seen from floors 31-60 in all directions.

Features

• Sculptural curving glass facade
• High speed elevators
• Designed to LEED GOLD environmental performance standards
• All homes have open air patio or balcony opening on to downtown, mountain and water views
• All homes and common areas feature energy efficient heating and air conditioning
• Dramatic double-height lobby with public art and reflecting pool water-feature at entry
• Grocer and coffee shop
• Furnished guest suite
• Caretaker suite
• Secured underground parking and storage lockers (most homes)
• Keyless entry to elevators and restricted floor-to-floor access
• Protected by Travelers 2-5-10 New Home Warranty

Interiors

• Interior design by Michelle Biggar of the award-winning Office of Mcfarlane Biggar
• Choose between two refined colour palettes – Beach (Light) & Boulevard (Dark)
• Wide selection of studio,one-,two-and three-bedroom homes
• Elegant engineered hardwood flooring throughout living, dining and bedroom areas
• Custom closet millwork
• USB ports inconvenient locations
• Expansive, floor-to-ceiling energy efficient windows
• Contemporary rollerblinds
• Bosch front-loading stacking or side-by-side washer and dryer (depending on plan)
• Individually controlled heating and cooling system for year-round comfort
• Pre-wired for state-of-the-art home security systems
• Italian design custom wood veneer kitchens with lacquer accent cabinets featuring soft close stops and under cabinet lighting
• Custom kitchen islands in most homes
• Fully integrated Gaggenau appliance package that includes:
  • Energy and water-efficient ultra-quiet dishwasher
  • Speed oven that combines convection, microwave and grill all in one appliance
  • Professional-grade four or five burner gas cook top
  • Integrated bottom-freezer refrigerator

• Integrated hood fan
• Luxurious polished stone slab counter tops and full height back splash
• European styled chrome faucet and large single-basin undermount stainless steel sink
• Italian design custom wood veneer cantilevered cabinets in main bathrooms
• Medicine cabinets in bathroom with ample storage space.
• Stone counter tops and undermount sinks pair classic materials with a modern finish
• Luxurious stone and marble throughout including tub aprons, floors and feature walls
• Frameless glass showers in most plans
• Wall-mounted toilets
• European styled chrome fixtures and accessories

***For more information regarding this Presale Development please contact Chris Ball ***

Phone: (604) 512 9208

Email: chris@chrisball.ca

Beat the Crowd!

Fast track to the front of the line!

Sign up for to be on the VIP list for Pre-Sales Members Service. Through our relationships with Developers and the Marketing teams that sell these NEW HOMES, we have the inside track and can get you the best homes offered for sale before anyone else!

Our team specializes in getting you the Pre Sale property you want you want without having to line up. We provide you with all the information you need, VIP access before they are offered to the public for sale. We are also privy to getting a few added benefits that come along with being a VIP, but most importantly you will get EARLY ACCESS.

When you are one of our esteemed VIP Pre Sale Clients we at Ball Real Estate will be working for you, as your agent, making sure you get the best deal possible. We don’t work for the Developer, we owe you a duty of Care and Service; built on TRUST, KNOWLEDGE, and PROVEN RESULTS.

***GET ACCESS TO NEW CONDOS FIRST!  SIGN UP AND BECOME A MEMBER OF OUR VIP PRE SALES MEMBERS SERVICE.*** 

***Click here to sign up***

VIP Exclusive Access to Eastpark!

This new development will rise up where the hillside of Vancouver's Queen Elizabeth Park gives wat to the eclectic streets of Main and Quebec. Choose an airy one bedroom + flex flat, a two-storey city home with private entry, or a dramatic and bright corner penthouse. In each one, Eastpark has been designed to appeal to community-seeking individualists who need beauty and functionality in everything they own. Two collections with one cohesive feel. Architecturally, Eastpark will fit right in. Its handsome, modernist exterior, brick accents and unexpected details will feel very much at home here at Main & Quebec.

Beautiful extras, inside and out.

• A KITCHEN THAT COOKS - Here’s a fitted kitchen that knows its place: to be the undeniable nucleus of the home. It’s appealing to look at with excellent ergonomics that allow you to do everything more efficiently. Add in modern appliances, and this kitchen feels gourmet down to its last detail.
• A FAMILY FAVOURITE - To keep your floors and walls sparkling, rinse off Fido in our dog wash station. Warm water means your furry friends will come willingly in the colder months, while chilled water will give them the perfect summer cool-down.
• ESSENTIALLY BRIGHT - Truly well-designed homes maximize light and air flow – and these homes do both. Large windows and great outdoor spaces make these homes feel even better and brighter.
• THE BOFFO BIKEROOM - If you don’t already own a bike, you’ll likely want one living at Eastpark. Go explore the neighbourhood with confidence knowing you can service your bike in your very own Boffo Bike Room, complete with air pumps, a selection of tools and a handy stand to make sure you’re running smoothly.