As we are witnessing the long awaited restart of construction of new-homes the sales of the pre construction units are becoming one of the biggest hurdles in the path to obtaining a construction loan for developers.
With lenders acting more cautious than ever the developers not only are scrutinized to qualify for a construction loan but also have to seek the confidence of pre construction investors who are walking scared after the fiasco of the last crash of real estate market.
This also applies to a small group of pre-construction real estate firms that have survived. As one of such companies we face challenging times to manage the relationships with uncertain investors and anxious developers in order to resume offering pre construction opportunities and lead the pack in introducing sound pre-construction projects along with the latest news and tips on how to acquire a pre construction property.
The days of flipping a pre construction contract are long over. Today’s purchaser is more interested in quality of the development and the discount margin than a short term gain due to increase in value.
To achieve this we have completed a highly disciplined due diligence process in choosing our developers in order to ensure the integrity of the project along with real market value of the discount being offered.
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