If you have investor clients one of the things you can do to encourage them to buy early is letting them know that you will pay for part or all of the assignment fee if they buy a unit at the launch date, but that you will not pay for the fee if they buy
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Assigning New Properties One of the safest and yet highest yielding investments you can make today is on a pre-construction condo in the Toronto area. When a buyer wants to sell their newly bought pre-construction condo to another investor or to a home buyer before the closing date (IE the move in date), they can
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“The next day the client called to tell us he had made a mistake and wanted to get the unit we talked about the previous day. We called the developer and the suite had increased in price by $30,000 in one day. Knowing that prices can change quickly adds another layer of pressure to make
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In time you may enjoy a success story such as the following one told in the Ramadhin/Persaud book Investing In Condominums: “During the sales cycle, a developer can increase pricing several times,
“While agents are told that the worksheets are dealt with on a first-come, first-served basis, that isn’t necessarily true. Let’s say they opened the fax lines on a Friday morning, and worksheets are accepted until Sunday. If you are an agent that the developer has never heard of, it’s likely they won’t give you any
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Remember a few years ago when some crazy people where talking about how social media can be used to generate leads for your business? Do you still think they are crazy? “Facebook is a huge time waster for teenagers. I don’t know what to tweet.” Do you still share these sentiments? Social Media marketing has
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As with the Elite Buyer phase of the sales cycle, preferential treatment of certain top sales reps and investors over others is the reality of how these sales work at this point in the sales cycle. The recent book “Investing In Condominiums: Strategies, Tips and Expert Advice for the Canadian Real Estate Investor” by Toronto
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Since there are various problems in having people line up for weeks outside a sales centre, some developers are now issuing numbered wristbands to brokers on a first come, first served basis. The wristband system guarantees a broker a specific spot in a lineup, thereby doing away with the need for lining up for long
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Broker Event The second phase of a developer’s sales cycle is where the developer or Exclusive Brokerage will advertise a sales event exclusively to real estate sales reps in the region. Reps with potential buyers register for the event in advance and bring their clients with them to the event whenever possible. In some cases
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At this stage these buyers are usually investors who have bought from the developer before, have had positive experience with the properties they bought, and therefore are willing to buy a unit in a new project sight unseen. Very few (if any) people buying a home for themselves will buy at this stage without having
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