Are you thinking about buying a presale condo in Vancouver & The Fraser Valley? Uzair specializes in guiding buyers and investors through the presale process, assignments, and new developments across the Lower Mainland. Here's a comprehensive FAQ to help you make informed decisions.

What Is a Presale Condo in BC?

A presale condo is a property purchased before construction is complete. Buyers secure a unit at today’s market price and pay in stages, often enjoying market appreciation by the time it’s move-in ready.

What Is the 7-Day Rescission Period?

The 7-day rescission period is a legal protection for presale condo buyers under BC's Real Estate Development Marketing Act. It gives you seven days to cancel your purchase agreement without penalties, providing time to review the contract and ensure it meets your needs.

Are Presale Condos Covered by BC’s New Home Warranty?

Yes! Most presale condos in BC are covered by the New Home Warranty Program, which offers protection for structural defects, materials, and labor. This program adds peace of mind for buyers.

What Is a Presale Condo Assignment Sale?

A presale assignment sale allows the original buyer to sell their purchase agreement before the property is completed. The new buyer takes over the original contract, including its rights and responsibilities. Assignments are a common way for investors or buyers to manage changing circumstances.

How Do You Sell a Presale Condo Assignment?

Selling a presale assignment requires specialized knowledge of contracts and market dynamics. Uzair has extensive experience in selling presale assignments, ensuring smooth transactions and maximum returns for sellers.

What Does Uzair Do?

As a trusted Realtor, Uzair provides a range of services, including:

• Helping clients purchase presale condos, townhomes, and new developments across BC.

• Assisting with assignment sales for presale contracts.

• Guiding the purchase and sale of existing properties.

• Offering VIP early access to exclusive condo developments.

• Advising on suite selection tailored to investment or personal needs.

• Supporting buyers throughout the process, from offers to documentation.

• Providing post-purchase assistance, including referrals for rental management.

What Does Uzair Not Do?

To focus on delivering exceptional service, Uzair does not:

• Provide information to clients already working with other Realtors.

• Offer strata or rental management services (referrals to trusted companies are available).

• Handle rental placements or tenant searches (referrals to trusted companies are available).

• Develop or market real estate projects.

How Do Realtors Get Paid?

Realtors in BC typically earn a commission paid by the seller or developer. As a buyer, you benefit from expert guidance and support at no extra cost to you.

What Is the Disclosure of Representation in Trading Services (DORTS) Document?

The DORTS document, required since 2018, ensures transparency in real estate transactions. It explains the agent-client relationship and your rights. While signing it isn’t mandatory, reviewing it is an essential part of working with any licensed Realtor in BC.

How to Find the Right Realtor for Your Presale Condo Purchase

The right Realtor makes all the difference. Uzair combines market expertise with personalized service to provide a seamless experience for buyers and investors. With years of experience in the BC presale market, Uzair is your go-to partner for finding the perfect condo or investment opportunity.

Ready to Buy or Invest in a Presale Condo?

Whether you're looking to invest or purchase your dream home, Uzair is here to guide you every step of the way. From navigating contracts to securing the best deals, you can trust Uzair to make your real estate journey smooth and successful.

Contact Uzair today to get started!