The Search is On
Once you have established a price range and know the type of home you want and where you want to live, you are ready to begin looking at what’s available. It’s time to kick a few tires. You may have model homes or model suites to tour, or you may be making your choice from plans and a scale model. Indeed, with high-rise condominiums you may be making your commitment well before the builder, whose final decision to build will probably depend on a sufficient number of sales, usually about 70 per cent of the units.
This is standard in the industry and offers you some assurance that the project will be successful. Another benefit is that the best prices are available in the early stages and prices usually rise soon after the decision is made to proceed.