Joel Carcone

As can be seen throughout Vancouver there is new construction in almost every region. Investors both large have and continue to cash in on the seemingly ever expanding real estate market.

With the market increasing in areas as much as 15-20% in a year and the average large scale project taking anywhere from one to three years to complete, buying today before construction breaks ground can mean that before a condo/townhouse is finished it has substantially increased in price. The difference between the value paid today and the inflated price in the future once the project is finished (minus expenses) is the profit margin for investors wanting to put their money into real estate. And many are doing just this.

Investors that I have worked with do not even intend to ‘close’ on their investment (they do not transfer the title to the property). Those who do this on a regular basis may never even see the finished product. If the developer allows (and most do at a charge of course), investors are using realtors such as myself to assign their contracts to those who are actually looking for a place to live. As developers have taken notice cost to assign have incread yet profit is still being made.

I have had experience assisting investors both in purchasing and assigning contracts. My past experience working with a developer has given the tools necessary to make profitable investment decisions. If you have any questions about buying or selling either new or pre-owned real estate in the Vancouver area feel free to contact me directly at 604-961-5365 or 1-800-665-1455 (North America).

Joel Carcone
Re/Max Crest Realty
604-961-5365 (Cell)
1-800-665-1455 (North America)