How typical pre-construction deals are set up:

First level pricing - usually not advertised and available only through our sales team. We are notified and updated by our network of brokers who sell directly for the developers. In many cases we deal directly with developers. We usually reserve 10 to 15 units for our vip clientele.

Second level pricing - advertised, but depending on popularity of the building usually available to real-estate brokers and their clientele. Prices are 5% to 10% higher.

Third level pricing - available to public, advertised, but another 5% to 10% added to the price.

Reservation deposit - typically $15,000.00 to $25,000.00. Some developers require as much as 10% of the purchase price. Usually, after the initial deposit, a balance of first 10% is required within 15 to 45 days. The second 10% is typically due upon groundbreaking or within the next 3 to 6 months. Here is the most typical timeline:

 Opening Day - choose your unit and leave a deposit.
*15 days - remaining difference to come up with a balance of   10%.
*3-6 months - additional 10%
*6 months - possibility to resell your unit
*9 months - sell your unit and receive your 20% deposit back
*24 months - receive profit at a closing