If you’ve been watching the real estate market lately, you’ve probably noticed a big shift.A few years ago, everyone wanted presales — now, many buyers are asking:
“Is it still worth it, or should I stick with resale homes?”Let’s look at what’s really happening in 2025 and what makes more sense moving forward.
What’s the Difference?
- Presale: You buy a condo or townhouse before it’s built. You pay deposits over time and complete the purchase when construction finishes — usually 2–4 years later.
- Resale: You buy an existing home that’s already built and ready to move in right away.
The Reality of Presales in 2025
A few years ago, presales looked like an easy investment — buy early, let the value grow during construction, and sell or rent it later.But things have changed.Here’s what’s happening now:
- Many projects that are completing this year were sold during the boom in 2021–2022, when prices were at their peak.
- Interest rates are much higher now, so mortgage payments are often thousands more than buyers expected.
- Appraisals are coming in lower than the purchase price, meaning some investors can’t get enough financing to close.
- Some are forced to sell their contracts at a loss or walk away from deposits.
When Presales Still Make Sense
Presales can still be a good option for end-users (people buying to live in the home), not for flipping.They can make sense if:- You want a brand-new home and are planning to live there long term.
- You have time to wait and can handle possible delays.
- You’re financially stable and can qualify when it completes — even if rates stay high.
- The developer offers solid incentives and has a good track record.
Why Resale Looks Safer Right Now
With more listings on the market and less competition, resale homes are offering more value and certainty right now.✅ You can see what you’re buying — the layout, view, and actual condition.✅ You can negotiate with sellers, especially for homes that have sat on the market for a while.
✅ You can secure your mortgage immediately and lock in your rate.
✅ You start building equity right away, instead of waiting years for completion.In short: resale gives you control and clarity, while presale requires patience and risk tolerance.
Looking Ahead to 2026
If rates start to ease next year and resale prices stabilize, we might see presales pick up again — but slowly.Developers will need to offer stronger incentives and flexible deposit structures to rebuild buyer confidence.For now, though, resale is where the opportunity lies — especially if you’re focused on actual returns and not speculation.
Bottom Line
- Presales can still work if you’re buying to live in the home and you’re financially prepared for the long timeline.
- Resales are currently the better choice for most buyers and investors — they offer less risk, clearer value, and more flexibility in a changing market.
