Скачать или смотреть The Risks of Pre-Construction Condos Not Appraising! | The Real Estate Podcast EP328

In this episode of The Real Estate Podcast, Adrian Trott and Ariel Kormendy dive into the growing issue of pre-construction condos failing to appraise at purchase price. Buyers are walking away from deals, and builders are suing for damages. What are the risks? What can buyers do? Tune in as we break it all down!

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0:00 Intro
1:20 Globe and Mail case study – buyer walks away from a $2.2M condo
3:52 The $595K financing gap and its impact on buyers
5:16 Legal consequences of defaulting on a pre-construction contract
7:05 Builders taking proactive steps to avoid defaults
8:20 Lenders offering full financing on the original purchase price
9:41 Qualification requirements for these special financing programs
12:33 Should you buy pre-construction in today’s market?
13:53 The risk of market fluctuations on your purchase
16:39 Why Canadian real estate remains resilient despite volatility
17:02 Outro/recap

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In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.

Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.

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