Even though you won’t need a mortgage until the building is finished (which could be years away), most developers require a upfront.
You might pay 5% at signing, 5% at 30 days, 5% at 90 days, and a final 5% at the "occupancy" stage. how to buy pre construction homes
The building is registered, ownership is transferred to you, and your mortgage officially begins. 7. The Final Inspection (PDI) Even though you won’t need a mortgage until
The best units and lowest prices are often sold before the general public even knows a project exists. Before looking at floor plans, look at the builder
A lawyer will look for hidden costs like development levies, which can add tens of thousands of dollars to your closing costs if they aren't "capped" in the contract.
Before looking at floor plans, look at the builder. Your investment is only as good as the company behind it.