Yes condo investing has been an awesome venture for many. The 2023 Real Estate Market, however, isn’t conducive to recent purchases of pre-construction condos in Greater Toronto Areas.
CIRCUMSTANCE AND SOLUTIONS
If your condo is still under construction and you realize that you will not be able to qualify for a Mortgage because the current Market Value of your condo is lower than what you paid….
You shaped look into selling the Condo by way of Assignment. Even though this may not make you any money or probably create a loss of some of your deposits already with the builder, it may be you best option to save against heavy losses later down the road.
If your condo is past the stage of Assignment Sale and is closing soon, and you are looking to find a financially qualified Tenant, we can help. We have 30+ years of Real Estate expertise.
We can help you Market and Sell this property by Assignment or find a qualified tenant for you. Contact us.
Just so you know, we have been involved in the Sale of hundreds of Pre-construction condos over the past few years. We understand everything involved in the Investment process. We are truly a great Asset to help you find the right way. You can expect sincere and honest guidance.