Real Estate

How do you get a Pre-construction house?

  • Last Updated:
  • Feb 26th, 2021 4:58 pm
[OP]
Deal Addict
User avatar
Feb 28, 2005
2589 posts
614 upvotes
GTA

How do you get a Pre-construction house?

Hi everyone, I am new to Pre-construction.
I would like to get one within York Region, but I always feel that as soon as registration opens, everything gets sold out.

I have signed up on their online forms with various builders, but no success.
What kind of tips do you have for someone to get into the precon market?
Is having an agent better?
They always ask if this will be your home or are you an investor, do they prefer people that actually plan on living there?

Thanks for the tips.

Cheers
Last edited by blues45 on Feb 26th, 2021 11:25 am, edited 3 times in total.
Damage due to RFD Since April 2013: $7758.00
11 replies
Newbie
Feb 1, 2019
4 posts
The housing market is hot hot hot right now. There's a lot of demand for new developments and virtual releases sell out within the first minute.
My husband and I just secured a lot up in Kitchener but it was stressful. We enlisted 2 agents and 10 friends/family to help us secure a lot. By the time he received the registration email to his personal email address and successfully signed up, none of us had received that email with the link yet. He managed to get 1st in line, and 3 seconds later there were more than 15 people registered. By the time the rest of us received the email, it didn't matter because the lots most likely would have sold out.

You can assume 2 things. First, as the builders release the price list of the models before hand, everyone who secures a spot will secure a lot. Second, there is a lot of competition so internet speed and refresh speed matters.

Also it doesn't hurt getting an agent.You are not paying the agent anything, the builder does!
Member
Dec 13, 2014
387 posts
166 upvotes
Toronto, ON
blues45 wrote: Hi everyone, I am knew to Pre-construction.
I would like to get one within York Region, but I always feel that as soon as registration opens, everything gets sold out.

I have signed up on their online forms with various builders, but no success.
What kind of tips do you have for someone to get into the precon market?
Is have an agent better?
They always ask if this will be your home or are you an investor, do they prefer people that actually plan on living there?

Thanks for the tips.

Cheers

It all depends on the development. Some developments won't cooperate with agents meaning it's first come first serve on registering/calling. Other development may have an earlier release for platinum agents which can only be purchased through specific agents/brokerages.
It really doesn't matter what you put in those registrations it's more of a survey for them. If you know the builders look at their past projects and see if they had earlier releases before the public. That will give you a sense of how they usually work.

You can always sign up for multiple emails as well with different domains to see if emails come in faster.
[OP]
Deal Addict
User avatar
Feb 28, 2005
2589 posts
614 upvotes
GTA
TheAgent416 wrote: It all depends on the development. Some developments won't cooperate with agents meaning it's first come first serve on registering/calling. Other development may have an earlier release for platinum agents which can only be purchased through specific agents/brokerages.
It really doesn't matter what you put in those registrations it's more of a survey for them. If you know the builders look at their past projects and see if they had earlier releases before the public. That will give you a sense of how they usually work.

You can always sign up for multiple emails as well with different domains to see if emails come in faster.
Thanks,
As a buyer, is there a cost to me to use an agent?
I am mainly looking to invest, I have all this HELOC sitting around and nothing to do with it...
Damage due to RFD Since April 2013: $7758.00
Newbie
Mar 4, 2020
31 posts
6 upvotes
Try to get in as early as possible. Attend information events and action their first steps. See if any developers have special incentives that allow early access. Good luck OP!
Deal Fanatic
Mar 27, 2004
5391 posts
3281 upvotes
Toronto
depends on project. if they work with agents.
union village for example work with agents. but small group

Builders usually have two ways of selling. They go direct to public, with a first come first serve online booking system.

or they sell through a select few 'platinum agents'.

The key is to connect with the actual platinum agent, and not one of the agents that work for the platinum if you want to get access.
Last edited by oasis100 on Feb 26th, 2021 2:02 pm, edited 1 time in total.
Full-time Realtor
Deal Addict
Jan 15, 2017
3944 posts
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blues45 wrote: Thanks,
As a buyer, is there a cost to me to use an agent?
I am mainly looking to invest, I have all this HELOC sitting around and nothing to do with it...
Normally there is no cost to you to use a Realtor BUT many builders have a requirement that they will only work with a Realtor if the Realtor brings them the client first. As you have signed up already with several builders, you may want to discuss this with the builders to see how they would handle this situation.
Sr. Member
Aug 21, 2010
898 posts
347 upvotes
toronto
not sure how it is with other builders..but mattamy ..i get there emails all the time including there developments in orlando florida....seems with them you can get registered for pre con...
Deal Fanatic
Mar 27, 2004
5391 posts
3281 upvotes
Toronto
your best bet wrote: not sure how it is with other builders..but mattamy ..i get there emails all the time including there developments in orlando florida....seems with them you can get registered for pre con...
mattamy doesn't work with agents.
Full-time Realtor

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