With tens of millions of dollars on the line, a developer's objective is to sell as many units as possible, in as little time as possible. The way that's typically done is by selling off buildings in tiers, with the price increasing at each tier. First come the Super VIP or Platinum brokers (The DREAM'S), who have access to foreign and local investors looking to park their cash in what amounts to a share in a building. Next come the VIP brokers, who have sold units with the developer before, and can often bring in one or two buyers each. They submit requests for units on behalf of buyers a few days following the event, and receive their answers via a lottery.
A few weeks later come the general brokers, a larger crowd, typically newer and younger and slightly lower down the ladder, with less access to investor capital. Then, the developer contacts those who registered, when sales slow down, the sales office opens to the general public. At each step, as units sell, prices rise, and by the time most of us average Joes get a chance to buy—or even see—these places, they've been picked over by everyone!!!!!!!. It's a system that favours a small circle of brokers and those with connections, and is not one built for people who actually care about these places as a "home."
Because of this system, The Dream Maker's was formed!
Dream Maker Realty and the Dream Maker's have successfully done over 25 BIG projects and over 200,000,000 worth of Pre-Construction sales. With an average RETURN to INVESTORS of $60,000 per unit.
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Toronto Real Estate Club, February 2012 workshop, panelist speaker Isaac Olowolafe Jr: Topic: How to Mitigate Risk