Surrey BC presales are a TRAP (watch out for new construction real estate)

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Considering Surrey real estate presales or new construction? This video uncovers what you need to know before investing in Surrey's booming presale market. We'll explore the hidden risks and unexpected costs that come with Surrey presales, offering crucial information for potential buyers. Whether you're looking to invest in real estate or curious about the pros and cons of Surrey presales, this video has you covered. Understand the potential challenges and why some investors are reconsidering their options. Watch to find out if Surrey presales are the right choice for you, and learn the key factors that could influence your decision-making process. Don't miss this essential guide to navigating Surrey's presale landscape!
#surreybc #surreyrealestate #bcrealestate
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Опубликовано:

11 сен 2024

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Комментарии : 46

@GermynGroup Месяц назад

PS. If you are considering moving to White Rock or Surrey BC, there are 3 ways we can connect to help you out 🔻 🤜 ✅ ✅ ✅ ✅ ✅ ✅ ✅ ✅ ✅ ✅ ✅ ✅ 🤛 ➡ Take our *moving to Surrey or White Rock survey*: take-our-survey.paperform.co/ 📅 Set up a *complimentary real estate consultation* (Zoom Call): germyn.ca/get-started/ 📱*Call, text or email us*: 604-670-7052 or homes@germyn.ca 🤜 ✅ ✅ ✅ ✅ ✅ ✅ ✅ ✅ ✅ ✅ ✅ ✅ 🤛

@briansmith5239 25 дней назад

Those 'investors' buying 3 presales were speculators/gamblers basically. Ive heard this story multiple times before. Pre sales are the biggest scam going, go for tangible product, it is much cheaper these days. Good video and an important warning to people 👍

@GermynGroup 24 дня назад

Thanks for your comments

@madhurparashar 18 дней назад

Excellent video, but.... Please lower the volume of your background music (better to completely remove it).

@GermynGroup 14 дней назад

Thanks for the feedback

@andrewlegault3943 25 дней назад

That’s not much of a drop 80,000. I mean you just said it went up over 200,000. So the property is still well above normal value of 120,000 with the $80,000 drop at least according to my math. And yes, the changes in the interest rates definitely caused a lot of issues and they’re still going on. So if someone can weather the storm, they definitely are gonna come out ahead in the game because many people at sometime are gonna be able to afford a place no matter what everything that is being set out there. What’s your opinion?

@GermynGroup 25 дней назад

Yes if they can weather the storm they may get lucky, assuming they have made money since buying. For those that bought at the peak of the market however, this won't be the case.

@user-zj3fj1ov5n День назад

you must be talking about my cousin who eagerly bought in the Surrey City Centre presale and now is regretting.

@GermynGroup День назад

Could be. For privacy reasons I of course cannot reveal names or details. Thanks for watching and commenting

@doesthismakesense6720 15 дней назад

Like your content. Please turn off the background music. It's distracting.

@GermynGroup 14 дней назад

Thanks for watching

@checory 6 дней назад

3 preconstruction units for one buyer? we need more buyers like him/her/them to support the local economy (and many construction jobs)! we can't thank that person enough!

@GermynGroup День назад

Hahaha!

@sam7324 15 дней назад

When you say reconsider investment properties do you mean here in BC/Canada or in general? Here in Canada makes 0% sense, extremely hard to cashflow and very tenant friendly. When the rates go down in many places outside Canada there are excellent off market deals for investment.

@GermynGroup 14 дней назад

I can't speak too much on outside of BC, this video is specific to BC and primarily the lower mainland.

@sam7324 14 дней назад

@@GermynGroup Here you've got to have lost your mind to try to cashflow properties, theres no way to make the math add up.

@Eaqub1 26 дней назад

Do you know why your video views don't become subscribers? I have been following your RU-vid channel over the past few months and saw that the videos on your RU-vid channel are very good. I found some problems in your video which need to be updated. Below we found your channel issue: Poor SEO Score, low video rankings, No keyword research, No high rank tag, Title and description not optimized, no high-res thumbnail,No End screen. no social media share, and many more. If you update this area then you can see a good result day by day. I am waiting for your reply.

@GermynGroup 25 дней назад

My hero! Haha, send me an email with your ideas, if they fix the video I will hire you for more.

@Eaqub1 25 дней назад

@@GermynGroup I have mailed you please check.& please reply.

@Eaqub1 22 дня назад

@@GermynGroup i have mailed you please check.thank

@evhvariac2 17 дней назад

@@GermynGroupgreat response!

@lumberdog198 25 дней назад

pre stale construction @ 7:18 is that a fruedian slip

@GermynGroup 25 дней назад

Might have been

@isaiah_b_3798 26 дней назад

Need an Indian visa to move to Surrey now.

@GermynGroup 25 дней назад

Surrey is very diverse

@isaiah_b_3798 25 дней назад

@@GermynGroup nah. If Surrey was diverse there would be all sorts of races. As it stands now it's mostly all brown eyes which isn't very diverse at all when you stop and think about it

@user-mz7ed5cr6o 25 дней назад

Problem is most can’t afford the pre con prices. They usually aren’t buyers they are renters. It’s not like back in 2016 where by Chinese ppl brought lots of money to support the high prices here.

@isaiah_b_3798 25 дней назад

@@user-mz7ed5cr6o usually there's 15 to 20 in a household spanning over 3 generations so somehow they make it work.

@donrayJ 25 дней назад

@@isaiah_b_3798 39 languages spoken in the local high school. That's diversity

@lumberdog198 25 дней назад

we no longer recommend pre construction purchases @12:16 well hind site is 20 20

@GermynGroup 25 дней назад

I have never been a fan of them. After accounting for the taxes of PTT (threshold was recently raised) and GST, I don't think they make sense at all compared to resale

@goldguilder9554 25 дней назад

Looks like with more cuts be a bit more patient. Currency devaluation will help them get out higher than what they bought for

@GermynGroup 25 дней назад

Yes if they can close on them, and wait, they might get lucky

@andrewlegault3943 25 дней назад

Wouldn’t it be more advisable to just sit and wait as bankruptcies increase? I know many people that are upside down on their mortgage and their homes. I know quite a few that are considering just walking away if things aren’t getting better because they are not getting by. Wouldn’t it be better just to stay on the sidelines a little longer and wait to see exactly what’s gonna happen over the next year to 18 months.??

@GermynGroup 25 дней назад

I don't think that will be the case. With the recent rate drops, with more likely to come, cheaper money will bring people back into the market. Here's a video we did on this ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Pn8hcnAlj9Y.html

@romilpatel7045 25 дней назад

Waiting for Great Recession

@GermynGroup 25 дней назад

When will it happen?

@romilpatel7045 25 дней назад

@@GermynGroup it's just around the corner ⏰

@AnujPatel-xi1tf 25 дней назад

Hello, thank you for such an informative video. Unfortunately I didn’t make it in time to get the free course of yours. Would be nice if you can still hook me up. Cheers 🎉

@GermynGroup 25 дней назад

Here's a link for you rb.gy/dca4d4

@AnujPatel-xi1tf 24 дня назад

@@GermynGroupthank you