Keller Williams Greater Seattle, Ben Kakimoto, Seattle Condo Agent

Pre-Sale Quick FAQs

By on May 16, 2006 in Pre-Sales with 0 Comments

1. What is a pre-sale?

Before a new project can be built, developers are often required to sell a percentage of the available units in order to obtain construction financing. As a result, pre-sales provide you an opportunity to purchase a unit before the project is built.

2. How can I benefit from purchasing pre-sale?

Because developers must sell a percentage of the units before they obtain financing, they are made available during pre-sale at a discount. Not only do you save initially, you’ll also realize an increase in value as a result of post-constructing pricing and benefit from Seattle’s strong market appreciation.

3. How much do I need to put down?

The amount you need to put down depends on the developer. Generally, 10-20% of the purchase price is required as down payment.

4. What projects are currently pre-selling?

Seattle is undergoing a condominium renaissance with many luxury and high-rise projects under development.

5. How do I find out more about pre-sales?

Please call, email or IM. Click here for my contact information.

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