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What's The Deal With Coming Soon?

YOUR INSIDE LOOK AT KELOWNA REAL ESTATE DEVELOPMENTS

With so much new development happening in and around Kelowna, it seems everywhere you look are 'coming soon' signs. Why aren't the homes for sale yet and why does it often take so long to get pricing, floorplans and information?

What To Know About Coming Soon

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What Does Coming Soon Mean?

A developer cannot sell a development (or development phase) until all the details are finalized and the disclosure statement is filed. Many developers will begin introducing the project to gain awareness before they're able to start writing contracts on the homes. 

Why register for information so early? Registering is important if you want to buy into a development in the presale phase. Not only will you get early access to all the information, but you'll generally be among the first to hear about pre-sale dates before the development opens to the public. Developers do not need to sell their projects on MLS® and will often work through their registration list before releasing homes to the general public. That's why it's important that you and/or you and your REALTOR® register early if you're strongly considering that development. 

In other words, COMING SOON means REGISTER NOW. 

Top 5 Reasons To Register For A Development Coming Soon

1.) Get information before the general public - Registering early ensures you get information and updates ahead of everyone else. 

2.) Stay up to date on timelines - Staying on top of updates and timelines will allow you to plan your purchase and move accordingly. If the estimated completion date won't work for you, then you know you'll need to find another option.

3.) Your REALTOR® can get insider info - If you have a REALTOR®, let them know you're interested asap. They will let the development know your interest and work with you and the developer to ensure you will get the best opportunity to purchase your preferred home.

4.) Get early pricing - Once the developer releases starting prices, you can decide if their pricing fits within your budget. Buying at presale usually means you're getting the best pricing before prices go up at or before completion.

5.) Home selection - One of the major advantages of getting into a development early is being able to choose your preferred home. As soon as the opportunity arises to select your home, make sure you or your REALTOR® get in touch with the developer's agent for priority home selection.

With inventory so low in Kelowna, now is a great time to look at buying new. Having a knowledgeable REALTOR® on your side who knows all the ins and outs of buying presale is an extremely valuable advantage to have on your side, and costs you nothing! Give us a call to help guide you through the process of buying NEW. 

Work With Nyrose & Associates on Your New Home Purchase

As Kelowna new home development experts, we work hard to have the pulse on all new communities. Are you interested in buying new? Our new development buyer agents can help you determine if buying new is right for you and help you find the right new (or resale) property to call home. Contact Us Today.

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