Pre-Con 101
Common Terminology
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The process of purchasing a home and selling it prior to closing is referred to as an ‘assignment sale’.
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The first date the purchaser is allowed to move into or occupy the property.
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The process of purchasing a home and selling it prior to closing is referred to as an ‘assignment sale’.
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A pre-approval is a preliminary evaluation of a potential borrower by a lender to determine how much of a mortgage they would be able to afford.
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Depending on the project, you will be asked to put down a deposit anywhere from 5-15%
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Top agents and brokerages often offer VIP incentives if you purchase a project through them. Incentives can include free assignment, exclusive pricing, capped development charges, free appliances, etc.
Get in touch to learn about the newest pre-construction projects we have available