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In Pre-Construction Real Estate, the Payment Schedule Often Says More Than the Rendering
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In Pre-Construction Real Estate, the Payment Schedule Often Says More Than the Rendering
Pre-construction sales have always asked buyers to pay for something they cannot yet see. That gap is widening. Developers can now produce photorealistic renderings and video that make an unbuilt project look finished and occupied, while the slower sales seen in many markets over the past year have left some projects short of the money needed to complete them. The risk is not limited to any one country. It is sharpest, though, for buyers purchas…
·Philadelphia, United States
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