Presale Developments Presale Developments

Presale Developments

Presale FAQ

What are presales?

In Metro Vancouver, buying presale is an excellent option for those in the market for a new home. Presales are strata developments sold by a developer prior to the completion of the building.

How much do you typically put down on a presale unit?

In order to purchase a presale suite, developers usually require a 15-20% down payment over the course of the development period. This payment is spread out over a period of time and is held in a trust account until the building is completed.

When is the full price due?

Once the deposit is paid in full, the remaining purchase price won’t be due until completion allowing you additional time for savings.

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What are the advantages to purchasing a presale?
Choice of Layout and Design

Typically, presale offers you the ability to choose your preferred layout, floor level, number of bedrooms, exposure and in some cases offers you the option of customizing colors and materials.

Return on Investment

Purchasing a presale in a rising market can make you money while you wait for construction to complete without the monthly expense of a mortgage payment, property taxes and strata fees. If you buy presale at a time when real estate prices were lower than when the property completes, you can make a nice profit by the time the building is completed. The ROI is why presales are so popular with investors.

Peace of Mind

When you purchase new, you have the peace of mind knowing that your property is covered by the 2-5-10 year new home warranty program that is required for all new construction.

The Peninsula

Condo, Penthouse

A remarkable collection of resort-style residences on the Fraser River waterfront. Luxurious and large one, two and three bedroom townhome and condominium homes are sculpted by design forward ...
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27NORTH

Condo, Townhome

27North is a collection of one, two and three level homes ranging from 894 sq. ft. to 1724 sq. ft. that anchor the established, tranquil community of Northlands just off Mount Seymour Parkway. ...
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Continuum

Townhome

Continuum by Brody Developments - A boutique collection of 23 - 2 and 3 bedroom townhomes with private attached garages, stunning rooftop patios, A/C, HRV and instant hot water. Situated on a ...
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Testimonials

"As a first time home buyer, the Vancouver real estate market was a new, overwhelming and expensive territory to venture into. Luckily, a friend recommended that I work with MillerWark, and Vanessa Miller guided me through the whole process from price ranges, building structure, the offer process and lawyer fees. Vanessa asked the questions I didn’t know to ask and throughout the whole process was both professional and fun. I plan on passing on my good fortune and recommending MillerWark to others."

JULIE ALLISON

Testimonials

"My fiancé and I had moved from New York to Vancouver and were debating if we should rent or buy. Millerwark was highly recommended by a colleague and made the process easy and enjoyable. They were very professional and reliable throughout the entire process. They attended to our needs and worked with a high level of integrity. We have recommended Millerwark to several friends and family. We will be contacting them as soon as we are ready for our next purchase!"

LEAH & GREG ETTLES

Testimonials

"Selling my first condo and buying a new townhome was the most stressful thing I have ever done, but thanks to Vanessa Miller and Sharlene Wark it was a great experience. The calm nature and experienced knowledge our realtors used to help advise us was phenomenal, not only did they guide us through how it all worked, they helped us make our own decisions but with the best facts and genuine support. I have recommended them to all my friends and will continue to anyone I meet that needs a great Realtor."

ELIZABETH HENRY

Testimonials

"Sharlene and Vanessa provided outstanding advice, service and support as they worked on the sale of my apartment. From our initial discussions regarding price and marketing of the property, Sharlene and Vanessa exhibited great skill in setting up and managing my listing. Their open houses and great marketing efforts lead to several interested parties and eventually, the sale of my property at a great price. Sharlene and Vanessa demonstrated incredible business acumen, great energy and enthusiasm in their work."

BEHZAD GHODS

Testimonials

"It is very refreshing when you have the opportunity to work with a team that is as passionate as they are talented. MillerWark’s approach extends far beyond their given duties and this dedication is evident in everything they do. Sharlene and Vanessa are reliable, intelligent and have a keen ability to sell. They offer an invaluable skillset that is often hard to come by in project sales and it has been an absolute pleasure working with them.  "

KATELYN HOLLENBECK

Testimonials

"MillerWark provides the guidance, experience and dedication that few project sales teams can offer. Vanessa and Sharlene are committed, connected and have the ability to move inventory quickly. It’s always a pleasure working with them.  "

YASHPAL PARMAR

Testimonials

"This team was absolutely amazing in selling my townhouse and I'd highly recommend them to others. Their commitment and drive is like no other. In a tough market, they were hustling to get things moving for us, and did! We were always up to date with the current statistics and the status of our showings. This team demonstrates great communication, professionalism, and real estate knowledge. List or buy with them and you will not regret!"

Julie McAuley

Testimonials

"I have worked with Vanessa and Sharlene on a couple of real estate transactions and have always been very happy with the end result. The team kept me calm throughout the process and handled all aspects of the sale in a professional and timely manner. I look forward to working with them again soon."

Mark Esplen

Testimonials

"Vanessa Miller and Sharlene Wark sold out our entire tower of 193 units in early 2016 and did a great job greeting, qualifying, following up and clinching each sale. I would highly recommend them on other development projects."

John Gilmour