What is the Pre-Construction condo purchase process?
Due to the crazy RE market, potential buyers are no longer lining up outside builder office for their pick. I was told by an agent that each buyer can find an agent to submit the "worksheet" with their top 5 model selections, and then wait for the "draw". Is it true ? How does the builder decide how many units/which units to give to thousands of agents in the market? I seriously doubt it is really a random assignment.
I am guessing there are agents who are pre-selected by the builder and they would have pre-assigned numbers of units on hand. This also mean those pre-selected RE agents guarantee the builder to sell that many units. Is my assumption correct? I heard radio commercial every weekend about the condo sale hosted by a RE agent, I assume they have a bunch of assigned units on hand. Otherwise, why would they waste the money hosting an event, drawing customers there while they have nothing to sell.
It seems like those "worksheet" potential buyers filled out are basically used by the agents (who do not have enough inventory on hand) to go around and find the units from their peers. If that is the case, then not every agent are the same for this type of purchase as not every agent has the same access & same numbers of units on hand. Shouldn't the right approach is to find the agents who have the most inventory on hand for your targeted condo ?
I am guessing there are agents who are pre-selected by the builder and they would have pre-assigned numbers of units on hand. This also mean those pre-selected RE agents guarantee the builder to sell that many units. Is my assumption correct? I heard radio commercial every weekend about the condo sale hosted by a RE agent, I assume they have a bunch of assigned units on hand. Otherwise, why would they waste the money hosting an event, drawing customers there while they have nothing to sell.
It seems like those "worksheet" potential buyers filled out are basically used by the agents (who do not have enough inventory on hand) to go around and find the units from their peers. If that is the case, then not every agent are the same for this type of purchase as not every agent has the same access & same numbers of units on hand. Shouldn't the right approach is to find the agents who have the most inventory on hand for your targeted condo ?