Buying a Presale Condo | Avoid These 5 COSTLY Mistakes! | Vancouver Real Estate

📲 Book a free call with me here if you'd like to chat about presales or anything real estate related: https://calendly.com/hasanjuma/30min 📘 Access my FREE guide on my Top 10 Red Flags & Dealbreakers When Buying A Condo here: https://l1nk.dev/h4CCG This is a MUST WATCH video if you are thinking of buying a presale condo in Vancouver. Many buyers don't fully understand the risks when purchasing pre-construction properties, and making mistakes in the presale process can be incredibly costly. Most people are attracted to presale condos because they typically have staggered deposit structures that make them "easier" to purchase. But failure to complete at closing time often ends up in lost deposits and other financial damages to the buyer. This video is a thorough run-down of the top 5 mistakes I see made by presale buyers, and there are several tips and ways to reduce your risk in this video as well. Here are the timestamps for this video: 00:00 - Introduction 00:32 - Assigning / Flipping a Presale 01:26 - Assignment Fees 02:48 - Marketing Restrictions on Assignments 03:43 - Tax Implications on Assignments 04:36 - Mortgage Financing on Presale 08:00 - Disclosure Statements 11:41 - Showhomes vs. Finished Product 13:46 - Developer Reputation 16:27 - Summary & Outro Don't forget to hit the "Like" button if you learned something from the video. SUBSCRIBE TO THE CHANNEL HERE:    / @vancouver.realestate   #presales #vancouverrealestate #hasanjuma Looking to buy or sell real estate in Vancouver, its surrounding areas, or other locations across Canada? WORK WITH ME and my national network of the best agents: 📲 TEXT / CALL: 604-787-5656 📲 EMAIL: hasan@jumarealty.com Instagram:   / hasanjuma   Twitter:   / hasanjuma   LinkedIn:   / hasanjuma   My Website: http://www.jumarealty.com RESOURCES: 🔹 Costs To Buy A Home in Vancouver, BC:    • 🏠  Costs To Buy A House In Vancouver, BC   🔹 Will Home Prices Crash in 2021?:    • 🏡 Will Home Prices Crash In 2021??   🔹 How To Review Strata Documents:    • How To Read Strata Documents: What To Look...   🔹 Soaring Strata Insurance Costs - Explained:    • 🚀  Soaring Strata Insurance Costs - How To...   🔹 Top 5 Places to Live In Vancouver, BC:    • Top 5 Places To Live In Vancouver, BC   🔹 Top 5 Places To Live In Surrey, BC:    • Top 5 Places To Live In Surrey, BC   🔸 Download my Mortgage App and find out for yourself, how much you can afford: https://cma.me/hasan-juma ABOUT ME: I am a real estate agent in Vancouver BC, licensed with Oakwyn Realty Ltd., and am currently working with new clients in Vancouver, Burnaby, New Westminster, Surrey, and other areas of the Lower Mainland of BC. I also work with the top agents across Canada to offer the best service, right across the country. Feel free to connect with me through any of the channels above! This video is designed to be educational and as every person's real estate journey is different, I recommend you connect with your real estate agent and/or mortgage broker of choice to get more specific real estate advice based on your personal situation and goals.