With pre-construction, you’re buying from a plan and waiting for the home or condo to be built, often over several years. You pay deposits in stages, not all at once, and you won’t move in until construction is complete. You’re also exposed to changes in interest rates and market conditions before final closing. With resale, you’re buying something that already exists, with a shorter timeline and more immediate certainty on price, condition, and financing. Lucas will walk you through both options side by side so you understand the tradeoffs clearly.

The biggest risks are time and uncertainty: the market, interest rates, and lending rules can change between the day you sign and the day you close. Construction can be delayed, and project details can sometimes change. There may also be adjustments and closing costs that aren’t obvious at first glance. Lucas doesn’t gloss over these—he walks you through them and encourages you to have a pre-construction-savvy lawyer review everything before you commit.

Most pre-construction projects use a staged deposit structure—often something like 15–20% of the purchase price paid over the first year (for example, 5% at signing, then additional 5% installments over time). The exact schedule varies by project. Lucas will outline the structure for each opportunity you’re considering and help you assess whether it fits your cash flow and comfort level.

Because pre-construction timelines can span several years, prices, interest rates, and lending rules can shift before you close. That can affect your financing and your equity position at move-in. Lucas helps you think through best-case, base-case, and worst-case scenarios at the beginning and connects you with mortgage professionals so you have a plan if the market changes during construction.