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Originally Posted by Realtor 1
This is somewhat a biased opinion as you are selling something similar to this lol.
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Which part?
About the development financing or the risk?
I'm also a Realtor in both AB and BC and work with buyers and resale listings as well.
My opinion, or bias if you will, is based on experience with pre-sales. I've seen and worked with a lot of them so know what to look for more than most.
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Regardless, 1+1 will always = 2 and buying something before it exists will always be a larger risk than purchasing something thats proven itself.
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Absolutely, I wouldn't say otherwise.
The potential advantage to the extra risk is there as well though and makes sense for some buyers.
Getting a brand new place, getting to pick between all available choices (not just a few on MLS), potential gain in value before taking possession(in rising or stable markets) to name a few.
At the end of the day, it really depends on the buyer and their needs. I wouldn't say it's right for everyone, but to say it's always too risky isn't accurate either.