1. What exactly is a Pre-Sale?
Typically before a new project can be built, developers often are required to sell a percentage of the available units up front in order to obtain the construction financing. As a result, pre-sales provide the buyer an opportunity to pre-purchase a unit before the project is even started.

2. How can a buyer benefit from purchasing pre-sale?
Because the developers must sell a certain percentage of their units before they can obtain financing, these unites are usually available during the pre-sale at a discount. Not only would a new buyer save on the initial cost, most will also realize an increase in value as a result of post-construction pricing and benefit from San Jose’s strong market appreciation.

3. How much is a buyer required to put down?
The amount that a new construction buyer would need to put down depends on the developer. Generally the deposit required is 10 to 20% of the new properties purchase price.

4. What projects are currently pre-selling in San Jose?
San Jose is undergoing a downtown condominium renaissance with many luxury and high-rise projects under development. Downtown San Jose offers lively dining opportunities, distinctive arts & culture venues, exciting night spots and fun outdoor events.