First Release Homes

When you sign up with First Release Homes, before pre built homes or condominiums communities are released to the general public for sale, you will receive an e-mail alert with inside up-to-the-minute information and have direct access to the builder or one of our new home specialists, increasing your chances of purchasing a new home or condo in the First Release!

Why it works
It is a commonly held notion that real estate is one of the most stable and lucrative ways to invest. One of the easiest and most cost-effective ways to purchase a brand new home or investment property today is getting in on the ground floor of a new community or development. Pre-construction home buying is an effective strategy for the following reasons:

1. You’re offered first choice. Having the ability to choose the best homes and locations available during an initial sales release is beneficial to homebuyers. You can select pre built home options such as corner units, top floors, the best views, parking, floor plans, or specific amenities. By getting in early, you have more choices and get to select the home you really want. This adds to pride of ownership and return on investment.

2. You’re often offered the lowest price. Pre-construction real estate purchasing offers a set price (usually 10% to 20% under market value) which means you often build instant equity upon the purchase of your new condo or home. Many homebuyers and investors take comfort in knowing they’re not leaving money on the table or left wondering if they made the “best deal.”  If you plan to buy in a specific community or development, there is no lower price point you can get in on than during the initial sales release. The initial release of a new community is typically the lowest base price you’ll pay for a specific unit or property.

3. Small initial investment. The homebuyer makes a modest initial deposit, typically 1-3% of the total purchase price to reserve a new home or condo. The balance of the down payment is paid when certain development milestones are reached or prior to closing escrow. For the homebuyer, the first release purchasing advantage provides an opportunity to seal a property deal with little margin money and achieve sizable discounts over the tentative price of the finished homes.

A pre-construction pricing strategy typically looks something like this:

Phase #1 - Pre-Built Home pricing offered: $355,000 (First Release)
Phase #2 - After construction is underway: $375,000
Phase #3 - As the project is wrapping up: $395,000
Phase #4 - Upon completion of the home: $415,000

Summary of First Release Benefits:

1. Reserve your pre built new home or condominium for a small initial reservation deposit.
2. Realize price increases as other new condos and homes are released in your selected community.
3. Enjoy the benefits of leverage without mortgage payments, while your home is being built.
4. Close escrow with confidence that you received the best value and new home selection.