Condos.com is a global marketplace where investors come to find curated and verified deals on new and pre-construction condos. Listings are either single or multi-unit bulk opportunities. Deals are required to be priced with a minimum 20% discount to the average price per square foot in the building or zip code based on recent sales.
Additional savings for investors are available on a deal by deal basis in the form of a Condos.com buyer rebate or seller incentive. Each deal details all savings and rebate opportunities.
In order to ensure the site continues to receive high quality opportunities, it is critical that our investor network is qualified or referred from a pre-qualified investor. Qualification is satisfied by demonstrating the accredited investor criteria of having a net worth of $1 million, excluding your primary residence, or income of $200,000 for the past two years ($300,00 if combined with a spouse) with the expectation of the same income for the current year. See https://www.earlyiq.com/ for $59 online process.
The 4-step qualification process is simple.
Once you have been email verified and investor qualified, you can view deals. Deals are typically posted confidentially and sellers require you to complete an online Non-Disclosure & Non-Circumvent Agreement for each deal you are interested in viewing. Here is a sample NDNC Agreement to review.
In a bulk condo sale, the developer and their lender will agree on a below market price they would accept to sell a block of units at a discount in exchange for a fast sale. The developer and their sales team would then offer the units in bulk to investors through a private sale or broader offering to the public.
Once you’ve been verified, qualified and have completed the deal-specific NDNC, you are able to access deal details including all of the applicable financial data to analyze the opportunity. This process helps to maintain the institutional quality of the deals and investors that transact business on the marketplace. When you return to the site to see newly added deals, you will only need to complete the deal-specific NDNC.
Once you’ve identified a deal you are interested in pursuing, you can call, email or live chat with one of our Condo Investment Advisors (CIA). Our CIAs are all highly trained and are able to help you value and submit an offer.
“Our goal is to help you analyze and purchase investment quality condos at below market prices.”
Richard Swerdlow, Founder