Are you looking for a property that fits your needs? You have probably seen more than one ad with the word pre-sale, and you may wonder: what does it mean, is it good or bad? That is why today we are going to go deeper into this term and at the end you will know 10 reasons to buy an apartment in presale.
Pre-sale in real estate jargon is a concept that refers to the sale of a property, apartment, house, office, among others, before the work or project is completed. For example, buying an apartment in pre-sale means that the buyer makes a down payment and starts making payments for a property that has already started to be built, but still needs to be finished. This time can generally range from 12 months to as long as necessary.
There are several very good reasons why you should buy a pre-sale property. In principle, we have the and investment. In general, houses or apartments offered for pre-sale are priced from 15% to 30% lower than they will be once construction is completed. Even the final value of the property may increase further depending on the area and future urban projects, i.e., here also intervenes what we know as the capital gain. In this way you could earn profits in a very fast, legal and safe way.
Another important point is the maximum customization. Although pre-sale real estate projects already have a solid base on which to work, it is common for the client to ask for additions or deletions. All this in order to customize 100% your next home. These changes can range from the interior and exterior layout of a property, as well as the finishes and materials used in the construction. In this process it is vital to have experts on your side to guide you in making decisions, always taking care that these are aesthetic and highly functional. On the other hand, planning is a fundamental part of the whole process. When you buy a pre-sale property, you already know the specific or approximate date on which you will open your new home. This allows you to contemplate with a large margin of time issues such as moving and tax obligations. In addition, you have the opportunity to order custom-made furniture to create harmony and elegance in your home.
On the other hand, it is essential that you know how the law protects you throughout your pre-sale purchase process. This in order to avoid surprises and have total confidence in your decision, either for investment or as a primary residence for your life.
This sales modality arises from a primordial need: The project has the resources to finance the entire project. It is very common for pre-sale properties to be located within developments that have amenities as added value: green areas, clubs, entertainment spaces, restaurants, etc. In order to complete these spaces, as well as the rest of the properties, it is important to have a flow of capital to finance the project. In this scheme both parties win, both the client and the developer, since the client buys at a much lower price and the developer does not need to have all the capital from the beginning. To conclude this topic, we present a concrete list of the most important:
Discover the incredible luxury properties we have for pre-sale
At Nolab we update every day our catalog of luxury properties for sale and pre-sale in the best of Mexico City, State of Mexico, Europe and the United States. Do you want to release the home of your dreams? Do it hand in hand with our real estate experts and live a unique process. Contact us here, one of our consultants is waiting for you.
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Alfredo Obregón is the co-founder and CEO of Nolab, a real estate platform focused on investment, sales, and property management across international markets.
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