Share this page:

! (h!ps://www.facebook.com/sharer/sharer.php?u=h!ps%3A%2F%2Fwww.ellidavis.com%2Fcan-i-nego"ate-
when-buying-a-pre-construc"on-condo%2F)
/
" (h!ps://twi!er.com/share?url=h!ps%3A%2F%2Fwww.ellidavis.com%2Fcan-i-nego"ate-when-buying-a-pre-
construc"on-condo%2F&text=Can+I+Nego"ate+When+Buying+A+Pre-Construc"on+Condo%3F)
/
# (mailto:?body=Can I Nego"ate When Buying A Pre-Construc"on Condo?:
h!ps%3A%2F%2Fwww.ellidavis.com%2Fcan-i-nego"ate-when-buying-a-pre-construc"on-condo%2F)

Can I Nego"ate When Buying A

Pre-Construc"on Condo?
Office: 416-960-9995 (tel:416-960-9995 )
Direct: 416-402-0787 (tel:416-402-0787)
Discover Toronto Condo Living
ellidavisteam@sothebysrealty.ca (h!ps://www.ellidavis.com/category/condos/)
(mailto:ellidavisteam@sothebysrealty.ca)

!
(h!ps://www.facebook.com/ElliDavisHomes/)
" (h!ps://twi!er.com/ellidavis)
$ (h!ps://www.instagram.com/elli.davis/) (h!ps://www.ellidavis.com/)
% (h!ps://www.linkedin.com/in/elli-davis-
274ba1/)
&
(h!ps://www.youtube.com/user/ElliDavisTeam)
:
 ' (tel:416-402-0787) | # (mailto:ellidavisteam@sothebysrealty.ca)

How Can I Help You? (h!ps://www.ellidavis.com/contact-elli/)

JUNE 5, 2023 | BUYING

Purchasing a condominium can be an exci"ng yet intricate process, especially when it

comes to nego"a"ng a pre-construc"on unit. To successfully navigate this process, it is
essen"al to understand the differences between purchasing a pre-construc"on sale, an
assignment sale, and a resale. Having the support of a skilled and knowledgeable Real
:
 Estate Agent is proven to be invaluable, as they possess the exper"se to nego"ate on
behalf of the Buyer and secure the best possible terms. Below we will explore these
concepts and discuss the advantages of working with a Real Estate Agent.

Pre-Construc"on Sale
A pre-construc"on sale involves purchasing a condominium unit directly from the
developer before construc"on begins. Buyers are presented with floor plans, design
op"ons, and the opportunity to customize certain features. Nego"a"ng a pre-construc"on
sale includes the discussion of the purchase price, upgrades, payment structure, and closing
dates. Real Estate Agents play a vital role in these nego"a"ons by ensuring Buyers are
aware of any poten"al risks while analyzing market trends to determine fair pricing. It is the
Real Estate Agents role to represent their client’s best interests throughout the process.

Do you want to know more about buying a house or condo in Toronto? Here are some
resources you will find helpful:
Home Buying Strategies for the Toronto Real Estate Market
(h!ps://www.ellidavis.com/home-buying-strategies-for-the-toronto-real-estate-
market/)
Best Condos for Downsizing in Midtown Toronto (h!ps://www.ellidavis.com/best-
condos-for-downsizing-in-midtown-toronto/)
Closing Costs Can Quickly Mount: Here Is What You Need to Know
(h!ps://www.ellidavis.com/closing-costs-can-quickly-mount-need-know/)

Assignment Sale
An assignment sale refers to the transfer of a pre-construc"on condominium from the
original purchaser (assignor) to a new buyer (assignee) before the construc"on is completed
and the building is registered. In this scenario, the assignee steps into the shoes of the
assignor, assuming their rights and obliga"ons. Assignment sales o%en occur when the
original purchaser is unable to or no longer wishes to proceed with the purchase. The
nego"a"on of an assignment sale can be challenging as there may be specific clauses and
condi"ons "ed to the original purchase agreement. As a Buyer, having an informed Real
Estate Agent in your corner will help to translate the language and nego"ate in your best
interest.

Resale
A resale refers to the purchase of a condominium unit that has already been constructed
and previously owned. In contrast to a pre-construc"on sale, a resale offers the advantage
of immediate occupancy and a tangible understanding of the unit’s condi"on, as buyers can
visit and inspect the property before making an offer. Nego"a"ng a resale generally
involves more flexibility in terms of pricing and closing dates. It is crucial to engage a Real
Estate Agent who can help assess the unit’s value, nego"ate repairs or upgrades, and
navigate the legal documenta"on involved.
:
 Not only do Real Estate Agents provide in-depth knowledge of market condi"ons and
trends, they also have exper"se in nego"a"on tac"cs which assist in skillfully advoca"ng
and securing the best possible deal for their clients. Furthermore, Real Estate Agents have
ready access to an extensive network of lis"ngs covering pre-construc"on sales,
assignment sales and resales. This enables Buyers to explore a wide range of op"ons before
making an informed decision. When Buyers are ready to make a decision, a Real Estate
Agent can also liaise with their professional network of lawyers, mortgage brokers, and
other industry professionals to streamline the process and minimize any setbacks.
Whether a Buyer is interested in purchasing a pre-construc"on condo, an assignment sale
or a resale, rest assured that an experienced Real Estate Agent can assist in making an
informed decision!

Are you ready to begin the search for your brand new home? We are
standing by to answer all your ques!ons. Call 416-402-0787 (tel:416-402-
0787) or send us an email (mailto:ellidavisteam@sothebysrealty.ca) for more
informa!on or to get started.

( Condo (H!ps://Www.ellidavis.com/Tag/Condo/)

( Home Buying Tips (H!ps://Www.ellidavis.com/Tag/Home-Buying-Tips/)

( Pre-Construc"on (H!ps://Www.ellidavis.com/Tag/Pre-Construc"on/)

( Toronto Real Estate (H!ps://Www.ellidavis.com/Tag/Toronto-Real-Estate/)

Discover Toronto Condo Living (h!ps://www.ellidavis.com/category/condos/)

) Previous Post (h!ps://www.ellidavis.com/how-to-become-an-estate-trustee-executor-

for-real-estate-purposes/)
Next Post * (h!ps://www.ellidavis.com/market-watch-report-may-2023/)

Search By Keyword

Search... +

Search By Category
:
 Select Category

Popular Posts
Can I Nego"ate When Buying A Pre-Construc"on Condo? *
(h!ps://www.ellidavis.com/can-i-nego"ate-when-buying-a-pre-construc"on-condo/)
How to Become an Estate Trustee (executor) for Real Estate Purposes *
(h!ps://www.ellidavis.com/how-to-become-an-estate-trustee-executor-for-real-estate-
purposes/)
Market Watch Report – May 2023 *
(h!ps://www.ellidavis.com/market-watch-report-may-2023/)
Market Watch Report – April 2023 *
(h!ps://www.ellidavis.com/market-watch-report-april-2023/)

Let Me Know How I Can Help You?

Receive the latest lis"ngs, real estate news and informa"on on upcoming Toronto events in my
monthly Newsle!er.

Sign Up
:
 Elli Davis
Senior Vice President - Sales

' Office: 416-960-9995 (tel:416-960-

9995) | Direct: 416-402-0787 (tel:416-
402-0787)

, Fax: 416-960-3222 (tel:416-960-

3222)
' Toll Free: 1-877-960-9995 (tel:1-800-
622-9536)
# Email: ellidavisteam@sothebysrealty.ca
(mailto:ellidavisteam@sothebysrealty.ca)

Sotheby's Interna"onal Realty Canada,

Brokerage. Independently owned and
operated
1867 Yonge St #100,
Toronto, ON M4S 1Y5
Canada
© 2023 Elli Davis
Privacy Policy (h!ps://www.ellidavis.com/legal/)
Contact (h!ps://www.ellidavis.com/contact-elli/)
Made by Ar"fakt Digital
(h!ps://ar"faktdigital.com)
: