Presale vs Resale Properties - Which is the Better Buy? Key Differences, Pros & Cons, Risks & More!

What is better, buying a pre construction or a resale property? This is a question we get asked all of the time! In this video, Mariko goes over key differences between resale and presale properties including taxes, tax exemptions, deposits & more. As well as the pros & cons to both options, and which may be the best buy for you!

When deciding whether to buy a presale or a resale home, you have to consider your personal situation, timeline, affordability, stability of income, and goals. There is no right or wrong answer generically, but rather an answer that is specific to you. Looking to buy in the Greater Vancouver area? Our team is experienced in working with both presale and resale properties, and are with our clients every step of the way to make sure they have all the knowledge & tools to consider all their options and make the right choice for them. Reach out to our team today to start your home buying journey!

TIMELINE • In this video, we discuss:
0:00 • Introduction
1:02 • What is a Presale Home?
1:40 • What is a Resale Home?
2:50 • Key Difference #1: Taxes - GST & Property Transfer Tax Exemptions
4:25 • Key Difference #2: Subject Removal vs Rescission Periods
6:15 • Key Difference #3: Completion, Possession & Adjustment Dates
8:30 • Key Difference #4: Deposits
10:45 • Key Difference #5: Financing & Risks
15:45 • Key Difference #6: Warranty (2-5-10 Warranty)
17:10 • Presale vs Resale Pros & Cons
20:00 • Recap & Conclusion - Reach out to our team for all your presale AND resale real estate needs in the Greater Vancouver area!

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VANCOUVER BC HOMES, TOWNHOUSES & CONDOS
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