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What down payment is required to reserve a property pre-construction?

April 26, 2017down payment pre-construction Property Reserve

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What down payment is required to reserve a property pre-construction?

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If you are looking to buy a condo, the developers normally require 10% at the reservation contract and another 10% at start of construction. If you are looking for a single family home or townhome, the builder normally requires only 10% at contract.