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What is a Platinum VIP Agent?
Platinum VIP Agents are agents who specialize exclusively in pre-construction condo investments, and they sell a significantly higher volume of condo units than the average Realtor. Through established relationships with reputable developers, they have access to better, pre-negotiated incentives and know about upcoming condo development launches well ahead of the public.
As a buyer, working with a Platinum VIP Agent means you:
- Hear about new developments, promotions, and sales events before they are advertised
- Skip the line-ups at new development launches
- Can often reserve a specific unit ahead of the general public
- Work with a specialist who has sold hundreds of condos and is an expert in their field
Why do developers give Platinum VIP Agents this access?
Platinum VIP Agents generally sell the largest percentage of a building, so they are extremely important to condo developers, who want them motivated to keep selling year after year. For this reason, developers give them the best prices, the best incentives, and the earliest access to the development, right after the developer’s own friends and family. Because these agents have spent years building relationships with top builders and developers, you, the client, get to be first in line to receive promotional packages, floorplans, and price lists.
Who pays for Platinum VIP Agent’s commission?
The developer. It is not added to your purchase price, and you do not pay it as the buyer.
Is it cheaper to purchase directly from the developer?
Absolutely not! The developer still pays commission to their in-house agents. Furthermore, purchasing directly from the developer is typically only possible during ‘Public Launch’, after the Platinum VIP launch phases. By that time the prices would increase and most of the units will be sold.
Note: ‘Platinum VIP’ refers to the agent designation, while ‘Platinum Launch’ and ‘VIP Launch’ refer to distinct early sales phases in a development’s rollout.
Even during public launch, it is highly advisable to purchase through a Platinum VIP Agent to benefit from the following services for free:
- Advocate for your best interest while negotiating the agreement of purchase and sale
- Assess the neighborhood where the condo is being built (employment growth, population growth, rental rates, appreciation rates, vacancy rates, average household income)
- Share insider information on future developments nearby that may block your view
- Assess the developer’s track record, zoning, and permit status, and identify risks and limitations
- Explain the purchase agreement terms and conditions (assignment clause, tax clauses, warranty provisions, occupancy fees, critical dates, etc.) and break down the closing costs
- Compare future monthly expenses vs. future rental income
- Assist in assigning (selling) the purchase agreement before completion, or in leasing or selling the unit upon occupancy
Through our network, we also connect you with reputable professionals and service providers, including:
- Real estate lawyers, accountants, and tax consultants, to review the developer’s purchase agreement so you understand every term and sign with confidence, and to support you with title review, escrow services, trust registration, accounting, and cross-border banking
- Immigration lawyers, for residency pathways
- Property managers, moving services, cleaning, and staging
- Connect you with a trusted loan officer to help finance your purchase
Professional fees for these third-party services are separate.
Register today to receive information on upcoming developments as the information becomes available and in order to receive promotions/incentives as well as first access to the top units with discounted price.
Why Buy Pre-Construction
11 Reasons Investing in Pre-Construction Condominiums is a Safe and Effective Way to Grow Your Wealth and Generate Passive Income
- Brand new property backed by builder warranty, with new amenities and low maintenance requirements.
- You pay the down payment, typically around 20% of the purchase price, in installments instead of all at once. For example, 5% in 1 month, 5% in 6 months, 5% in 1 year, and 5% in 2 years.
- You benefit from returns on the full value of the property, despite only paying a portion of the purchase price upfront as a deposit.
- Your investment begins to appreciate in value from the day you purchase the unit, after signing the Agreement of Purchase and Sale, often months before construction begins, and continues to appreciate over time.
- You secure one of the lowest available prices, avoiding costly bidding wars common in resale markets.
- You complete the purchase and obtain a mortgage only when the building is completed, which may be several years after purchase. This gives you time to grow your income and strengthen your financial position.
- You have the flexibility to sell your agreement through an assignment before closing. This allows you to recover your deposit and potentially earn a profit if your plans change or if you are unable to close.
- Once completed, pre-construction units typically attract strong rental demand and can command higher rents compared to older resale units. Tenants often prefer modern finishes, new amenities, and updated features.
- Condominiums can generate strong rental income and are generally easier to manage compared to low-rise homes. They typically require less maintenance and fewer repairs.
- Pre-construction gives you time to plan ahead, find tenants or buyers, and prepare for closing.
- Pre-construction condominiums often see strong appreciation due to desirable locations, access to transit and amenities, and their relative affordability compared to low-rise homes in similar areas.