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Real estate in 2015 has started with a spark and there are plenty of new homes, condos, and town homes being built. The real estate market does not look like it is slowing down at all. Take a drive in the city and look towards the skyline, there are literally hundreds of condo building in the construction phase. This is a welcome sight to any buy and real estate investor. Pre construction condos are a great way to get your first property and it will allow you to save some extra money for a bigger down payment once the building is complete in two to four years. This to any investor is a big plus, especially with mortgage rates so low. Well if you are looking for a great investment you have to check out 1 Yonge Condos.
The spark for pre construction condo investing is at an all time high. Now that property has risen to all time highs, there are a lot of people that just can’t afford to live in a house with a backyard. So what do they do now? Well the answer is easy they start looking for more affordable options. One of these options includes purchasing a condo unit that has not been built yet. This way you ensure you are getting a great price and don’t have to worry about bidding wars.
1 -7 Yonge Condos is going to be the biggest development coming to the city and it promises to the the tallest and largest master planned community in north america. Pinnacle International is extremely enthusiastic to announce the official registration for this development at http://www.1-yonge-condos.ca. The super agent will be available 24/7 to help you every step of the way so you feel you have received the best unit for the best price available. Buyers and investors please have your pre approved mortgage handy because we are only accepting serious clients. Units will be going selling extremely fast and we want your sale to go through without a hitch.
1 Yonge Street condos will be built in 7 phases and once completed there will be four towers that will be standing at 98 storetys, 92 storeys, and two at 70 storeys. You best believe that you will be getting the best views in the city. In total this huge property will house over 4,100 units and will also include plenty of retail space and one commercial office building.
There will be plenty of floor plan layouts, all designed with no wasted space in mind. Investors who get in early will have first choice access to these unit. The start price will be approximately in the mid $250,000 and range all the way to the $1,000,000 mark. Let me mention that the starting price per square foot will be approximately $600 per square foot. Which will be extremely appealing consider the location of this project. Please register today if you want a chance at even looking at one of these units. This will be the hottest development in the city for the next ten years!
Looking to purchase a condo, well look no further because baby I got what you need.
Welcome to condo investing in the real estate market. As many already know the marketing is sizzling at the moment, low inventory is creating a high demand and pricing is going through the roof. Many investors have been securing pre construction units as quickly as developers can pump them out. This strategy has been where useful and investors have been seeing some great return on investments with their properties.
So you as how is this actually done? Well for starters you have to have the ability to purchase before the general public. The developer has their own sales team and first access is given to friends and family. This is followed by platinum brokers which have close ties to the developer and are chosen based on their prior sales record. The next phase is VIP real estate agents who have registered with the developer to gain access to the project. Then the project is released to all realtors that are interested in the project, and finally condo units are offered to the general public.
Sales of these condo units really depend on the location, the builders reputation, and the price per square foot. Many of the hottest projects sell out way before they ever reach the general public. For example condo units at M City Condos sold out during the friends and family sales event, in this case there really isn’t anything you can do unless you know someone with the developers close circle of friends. For that condo development there were 225 units available and 1015 worksheets were submitted the first day that project was offered to friends and family. As you can see there were four times more work orders than there were actual units available. If you were one of the lucky few to acquire a unit you are surely given an edge. This in the future will result in some terrific return on your investment.
In today’s real estate market you want to purchase one of these units as close to the initial offer as possible. This will give you access to a wider range of floor plans, the best deposit schedule, and the lowest possible price. At each sales level the price of the units go up, and the highest price will be paid once and if they reach the general public offering.
Not to worry, in today’s real estate market developers are pumping projects by the dozen, so keep your eyes peeled to a specific area that you would like to live in or potential invest. Contact a real estate agent that has access to the project and cross your fingers that there are still units available to purchase.
Hope this little tidbit helps you with your real estate needs. If you have any questions do not hesitate to give me a call.
Cheers and enjoy your day