While locking in a price early can be advantageous, there's a risk if market values decline before completion.
Understanding Pre-Sales
A pre-sale refers to buying a property—such as a townhouse or single-family home—before its construction is complete. Buyers enter into a contract with the developer, agreeing to purchase the property once it's built. This approach offers the advantage of locking in a purchase price ahead of completion, which can be beneficial in a rising market.