REALTOR® Marko Juras Victoria, B.C.

Marko Juras is a top producing REALTOR® in Victoria, B.C. with 100 MLS® properties SOLD in 2017.

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How do you determine if a pre-sale condo is priced attractively?

March 18, 2013 by MarkoJuras

I’ve personally purchased two pre-sale condos in Victoria, B.C. in the last few years.  How do I determine whether a pre-sale is a good buy or not?  I use approximately 6 to 7 different methods and one method I particularly like is comparing the pre-sale unit to the existing inventory of newer condos.

For example, if I am interested in a 600 sq./ft. one bedroom pre-sale unit in a luxury building I will take a look at what 600 sq./ft. units are selling for currently in similar luxury buildings.  If similar completed units are selling at $300,000, for example, and the pre-sale is priced at $250,000, for example, than I would consider this enough of a spread to buy a pre-sale unit.  Hypothetically, in the above scenario if the real estate condo market stays completed flat during the 2 year build out period the pre-sale should be worth more on completion.  If the market is down a big spread mitigates the chances of losing money.  However, if completed units are selling for $300,000 and the pre-sale is priced at $315,000 then it doesn’t make a whole lot of sense to buy the pre-sale unless you really want have something that is brand new and never lived in.

 This is one of my methods of assessing pre-sale value.

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Full Service MLS® – 2.75%

My philosophy is to offer full service, while at the time, offering a discount commission and providing for a fair co-operative brokerage commission (the amount offered to buyers' REALTORS®).  With the Full Service MLS® you are able to save money without hurting your … Click here for more information!

Flat Fee MLS® – $899

Due to overwhelming workload, Flat Fee MLS® listings are no longer being offered; please contact markojuras@shaw.ca for a referral! In 2015-2017, based on VREB statistics, Marko Juras was the listing REALTOR® on over 50% of ALL sold mere postings in Greater Victoria.  … Click here for more information!

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  • All Listings (4)
  • Single Family (1)
  • Condo & Townhome (2)
  • SOLD by Marko (769)
  • Buyers
  • Sellers
  • About Marko
  • About Rulon
  • Contact Us

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Marko Juras REALTOR® – Personal Real Estate Corporation, Fair Realty, Victoria, B.C.,