Pre-sales in real estate refer to the process of selling properties before they are fully constructed or completed. This concept might sound a bit unusual at first, but it’s a common practice in many parts of the world.
Features of Pre-sales:
- Early Bird Access: Buyers get the opportunity to select their preferred units or plots before they are open to the general public.
- Flexible Payment Plans: Developers often offer extended payment terms, allowing buyers to pay in installments.
- Customization Options: Early buyers might get the chance to customize certain aspects of their property, such as finishes or layouts.
- Price Advantage: Properties in the pre-sales phase are usually priced lower than the completed ones, giving early investors a potential price advantage.
Benefits of Pre-sales:
- Potential for Appreciation: As the construction progresses and the project nears completion, the value of the property can increase. This means that by the time you get the keys, your property might be worth more than what you paid.
- Peace of Mind: With a reputable developer, you can be assured of the quality of construction and timely delivery.
- Strategic Selection: Early buyers get the best pick of the lot, be it a sea-facing apartment in Riviera Maya or a penthouse with a private pool.
- Financial Flexibility: Extended payment plans can ease the financial burden, allowing buyers to manage their finances better.
Example of Pre-sale Real Estate: Riviera Maya, Mexico
Riviera Maya, with its pristine beaches and vibrant culture, has seen a surge in real estate development. Let’s look at a hypothetical example to understand pre-sales in this region:
Imagine “Azure Beachfront Condos,” a new development announced in Riviera Maya. The developer offers a pre-sales deal where the first 50 buyers can purchase a beachfront condo at a 20% discounted rate. Not only this, but they also offer a 24-month payment plan with no interest. Maria, an investor, decides to buy during this pre-sales phase. She gets her dream sea-facing unit, benefits from the discount, and enjoys the flexibility of the payment plan. By the time the condos are ready, their market price has increased by 20% or more. So, Maria’s investment has already appreciated even before she moves in!
Pre-sale in real estate offers a win-win:
Pre-sales in real estate offer a win-win situation for both developers and buyers. While developers get the necessary funds to kickstart their projects, buyers get the advantage of price, choice, and flexibility. And when we talk about locations as sought-after as Riviera Maya, the benefits are even more pronounced. So, the next time you hear about a pre-sales opportunity, remember Maria’s success story and consider diving in!
Click here to explore Pre-sale real estate in Riviera Maya Mexico
