01/09/2023
In real estate time is money.
β€ Start of Sales
It's an official launch, when an investor has all information about the project. He could sign a sale-purchase agreement, and buy a preferred unit. If it's still available.
But some units could be already sold, especially highly demanded ones in sought-after projects, such as branded properties, or in a favorable location. How is it possible? Because of theπ»
β€ Pre-Registration
Pre-launch sales is the start of a marketing company for a brand new project before the official start of sales. There is only limited amount of information, renders, and approximate prices and areas.
It is aimed to raise the awareness about the project and draw the attention of potential buyers to provide a sufficient demand by the time sales will start. Investors have an opportunity to book a favorable housing option.
β€ EOI (Expression of Interest)
An application to book a unit during the pre-launch. The procedures differ due to a developer.
Requirements for EOI
β Copy of the Passport
β Deposit or Cheque
β Completed and signed EOI form with the buyer's contact information
Why is EOI Important?
β The client who left EOI, would be the first to select the best properties prior to the announcement of the start of sales.
β A buyer has the right to withdraw the EOI, if he isn't satisfied with a unit provided by a developer. A deposit will be refunded.
How Much Is a Deposit?
An amount for EOI requests starts from $5,000β$10,000. However, it's not limited, and might be much higher for luxurious exclusive projects which are in demand.
