Buying Tips On Pre-Construction Condominiums

Demand for real estate in East Tennessee never seems to decline even as real estate prices continue to increase steadily. On the contrary, the number of investors interested in acquiring property in our area continues to grow.


REALTORS are hard pressed to find adequate inventory to meet investor demands for cabins, condos, lake homes, mountain cabins, lots and commercial property. It's not uncommon for new developments to sell out within hours of the time they're announced. For this reason, some investors choose to maintain relationships with Coldwell Banker in Morristown - Ask about our Preconstruction Sales in order to receive alerts on new developments coming to market.

Pre construction investing has been popular with many real estate investors. Investing in new developments on a pre-construction basis allows investors to reserve a housing unit prior to construction with little or no cash required at signing. As construction progresses, one or more additional payments may be required but the bulk of the purchase price is not due until construction is complete. Some pre construction investors have found that upon completion, their new unit was valued much higher than their contract price creating immediate and substantial equity. Some gains have been spectacular in relation to the amount of funds invested.

Real estate price appreciation has been greatest for lakefront & riverfront properties, followed by other waterfront and golf course investments. Real estate along East Tennessee has also appreciated at an impressive rate.


To learn more about East Tennessee's real estate opportunities, including pre-construction investing, contact Coldwell Banker in Morristown today. Contact one of our agents now.

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