Advantages and Disadvantages of Purchasing a Pre-Built Condo

Pre-sale condos are sold before construction begins. Purchasing a pre-built or presold condo has its own advantages and disadvantages. In a rising market, one can end up buying a condo at a discount. But what if we are facing a declining market or a flat market? Is it still a good idea to buy a pre-built condo? You are really betting on the market and hopefully if you are forecasting a rising market and you are accurate, the outcome could be in your favour.

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