[GilmoreStation]

Originally Posted by connect2source

All great points!!

It's a highly personal decision, pre-sale prices are high at the moment, so if you're going to purchase, make sure you negotiate hard and plan to keep it at least 3-5 years.

Having worked in pre-sales before going out on my own, ALWAYS negotiate the price, especially for some of the units that are taking a while to sell. This IS an MLS transaction, sales centres are set up to make it feel more like a retail space but like any other transaction it's fully negotiable.

First thing I do is try and negotiate the price down enough to cover the 5% GST which is a total waste IMO as only the first buyer pays, next try and get them to throw-in an extra like a locker, parking or suite upgrades such as hardwood flooring or an appliance upgrade. 9 times out of 10, even in a busy market, I get great deals for my clients. As they wish to hide your discount from the MLS record they will term it a 'decorating allowance' and the credit will show up on your Statement of Adjustments when you're completing the sale.

Bring a Realtor, or you'll have no representation of the project runs into trouble, the developer is paying the commission not the Buyer and if you think you'll get yourself a deal by going-it alone don't expect to be compensated because the developer is saving commissions, in almost all cases they'll negotiate far more in your favour when your represented by an experienced agent.

Great advice! I'll keep this in mind, but I plan to get in during the VIP presale event as early as possible. Last time, Shape only offers like 1% discount or sth