Answers to Common Presales Buyer Questions
Here you’ll find answers to some of the most frequently asked questions about presales from first-time buyers and those new to investing in future strata condominium or townhome development. Have questions not answered here? We’re happy to help! Contact us today.
Why not buy directly from the developer?
At PresalesBuzz, our role is to help you review every available option for a presale home so you can move forward with a clear understanding of what you’re purchasing. Working with an agent ensures you have someone representing only your interests.
Can I negotiate a better deal directly with the developer?
In most cases, no. Developers set uniform pricing and pay the commission for any buyer’s agent involved. If a buyer does not use an agent, the developer may save on that cost, but sale prices are not reduced for this reason.
Do I have to pay a commission?
No. In British Columbia, developers typically pay the real estate commission. The price you pay does not increase because you use an agent, and no commission is paid if the transaction does not complete.
Does this service include representation throughout the process?
Yes. We provide guidance and oversight throughout the transaction, from initial project review to completion.
Why work with PresalesBuzz?
As a team of committed Realtors®, we focus on helping buyers make informed decisions about presale homes. Our work centres on clear explanations, steady support, and representation that reflects your interests.
Is a downpayment required?
Most presale homes require a total deposit of 5–20%, depending on the developer and the contract structure. Developers sometimes allow lower upfront amounts, but all deposits form part of the final purchase price.
Is a mortgage required?
You do not need a mortgage at the time of signing the contract. Most buyers arrange financing closer to completion for the remaining amount, often 80–85% of the purchase price. Interest typically begins once the completion payment is made. Some lenders offer programs that allow buyers to secure pre-approval at the time of purchase.
