Different Ways to Buy Condos

Option 1: Buy from Plans

• Use a Realtor to guide you through the process.
• You’re buying from the Builder, not from an individual
• First-time home buyers NOT in effect
• Downpayments up to 25%
• Occupancy fees in effect
• Closing costs in effect
• Longest wait, yet most appreciation (in an uprising market)
• Option to Assign/Flip you contract

Option 2: Buy a Contract Assignment / Under Construction

• Use a Realtor to guide you through the process.
• You’re buying from an individual, not from the Builder
• First-time home buyers NOT in effect
• Downpayments are previous buyer’s + markup (highest)
• Occupancy fees in effect - check for limitations
• Closing costs in effect - check built-in caps
• Move in Now or very soon

Option 3: Buy from Individual / Re-sale / Exisiting Building

• Use a Realtor to guide you through the process.
• You’re buying from an individual, not from the Builder
• First-time home buyers in effect
• Lowest downpayments - in accordance with your lender
• No Occupancy fees
• No original Closing costs (was paid by former owner)
• Move-in now