Pre-Construction Presale
Pre-Construction
Presale is the process of purchasing homes prior
to construction. This has many advantages for
the home buyer including customization, choice
of upgrades and the ability to purchase a home
at introductory pricing which may appreciate
significantly at completion.
At
one point (2007/2008) developers were envisioning
over 40 new condomimum and loft projects over
the next ten years adding upwards of 10,000
+ new residential units to the city's core districts
(downtown, Midtown, Belltown, South Lake Union
& Denny Triangle). As a result, buyers and
investors have numerous opportunities to get
in on the ground floor. Unfotunately, the financial
meltdown and slow NW economy has halt many of
the project.
A
few developers are prepping for the next development
cycle, which is projected to start in the tail
end of 2010 or 2011. Once the Alex and Escala
completes construction this year, we're not
likely to see another condo development complete
for at least two years.
To
learn more about pre-construction presale opportunities,
please call Ben at (206) 295-4683 or email.
Read
about the pre-construction presale
process. The presale process is composed
of four distinct phases - Reservation, Examination/Contract,
Construction and Closing.
Current
Projects in Presale:
- Escala
Midtown :: Signature Midtown/Downtown
high-rise.
- The
Alex :: lively Belltown / Pike Place
Market area mid-rise condo.
For
details and reviews of new condo projects
please visit my condo site:
