Ignite FB Tracking Pixel8 Tips for Buying A Pre-constructed Condominium - Helen Chen Marston
8 Tips for Buying A Pre-constructed Condominium

by Helen Chen Marston 03/04/2019

A pre-constructed condominium is an excellent way of getting a new space at a decent price. One of the advantages of getting a pre-constructed condominium is that it can be customized to match your style. Here are the things you be aware of when buying a pre-constructed condo:

1. Many pre-construction condominiums get delayed.

2. Expect to put up to 20 percent down.

3. You will have to pay HST.

4. New-build condo may attract additional closing cost.

5. You may be a tenant sooner than you planned.

6. Your condo fee may rise.

7. Lock in your mortgage rate beforehand.

8. The building may not look exactly like what you saw in the video or showroom.

Speak to your real estate agent today about your condo deal to know what to expect before starting.

About the Author

Author
Helen Chen Marston
Helen Marston has been a member of WSGVAR since March 2009. She graduated from Peking University and received her MBA from California State University, Los Angeles. After becoming a REALTOR®, she has earned a variety of NAR designations and certifications: CRS, GRI, SRES, CIPS, GREEN, MRP, SFR, etc. Working at Keller Williams Realty Arcadia, she leads as Associates Leadership Council while providing a Mentor role for new real estate licensees. Outside of her real estate business, Helen is an advocate for community service. She currently serves as Chair of the Planning Commission for the City of Temple City, General Chair of the 74th Temple City Camellia Festival, and is also actively involved with different organizations in the community and the local schools. Helen was honored as Congresswoman Judy Chu’s "Woman of the Year” for Temple City in 2016 and was selected as one of the "Make A Difference” Honorees, awarded by the State Assembly Member, Ed Chau, in 2016.