Hi, we’re Bridgewell.

We’re an award-winning team of top realtors that work extensively in presales and have the education, experience, access, and connections you need to get your next presale property.

We take a more personal approach to real estate.
We’re a trio – not too big but not too small. A solo agent is limited to their skill & availability, but big teams can often mean you’re left working with a new agent. We are all experienced, full-time realtors committed to offering open and in-person availability to match your schedule, all while providing the highest quality of service, skill, and knowledge to our home-buyers.

We have the presale experience you need.
As one of the top real estate teams in the Greater Vancouver area that have helped hundreds of home buyers and investors purchase presales, we have the experience you need to navigate your journey. We know what questions to ask, what the best floor plans are, how to choose the best investments and identify red flags, which developers provide the best quality products, and a lot more.

We’re got connections with some of the best developers in the industry.
Presales are all about connections, and our experience and reputation means that we have VIP access to some of the hottest developments which means first access, better incentives, and more!

We’d love to hear your story and how we can help you.

Sincerely,

Mariko Baerg, Radner Reyes, & Kiyomi Baerg
Your Local Presale Experts

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PRESALE FAQs

Bridgewell is your go-to source for everything presale!

What is presale vs resale?

A presale building is a brand new build, where the homes are being sold by the developer building the property. Units can be sold before the development has started construction, during construction, as well as after construction has completed. For resale properties, the home has already been built and is being resold by the current owner has most likely been lived in or is being lived in.

What is the typical deposit for a presale?

The deposits are set by the developer, and are often between 10-20% set to be paid over a period of time. Depending on incentives, we’ve seen as low as 5% and as high as 25%.

When do you pay out on a presale?

After you’ve paid your required deposits, you don’t pay anything else until completion. Any remaining down payment you want to put towards the purchase and closing costs would be due at that time. This provides you time to save as typically presale completions are 2-5 years away.

How do the taxes differ on presales?

For presales it’s important to know that on top of your property transfer tax, you have an additional 5% GST that applies on the purchase price.

Are there any property transfer tax exemptions for presales?

Yes! There is a ‘Newly Built Home’ property transfer tax exemption that applies to presale properties. To be eligible when purchasing newly built homes (i.e. presale properties) the following requirements need to be met:

The buyer must be a Canadian Citizen or PR
The buyer must be using the home as a Primary Residence
Purchase price for the home must be under $1,100,000
The buyer does NOT have to be a first time buyer, you can be a repeat buyer

What is an assignment?

An assignment of contract in real estate is a transaction of a home in which the buyer of the property “assigns” or transfers their rights and obligations of the Agreement of Purchase and Sale previously agreed to another buyer before the original buyer closes on the property. In this case, because completion has not occurred, they are not the legal owner for the property yet, thus they require consent from either the seller or the developer (often times the developer).

This can occur in both resale and presale homes; however, assignments are most commonly found in presales where there is a longer closing, often 5 years away.

What are some pros and cons to presale?

Pros:

Brand new home, never been lived in
Full 2-5-10 warranty coverage
Ability to get into the market now without needing to qualify for a mortgage now
Time to save

Cons:

Mortgages aren’t locked in until closer to completion, providing a risk as it will be based on the future (e.g. interest rates could rise causing higher payments)
Stability in job/income required as re-assessment is at completion
Potential for delays with the completion
Less tangible, you don’t get to physically see the finished product when you purchase it

Real Reviews from Real People

Krista Gerlich-Fitzgerald
“Once we saw how far above and beyond they went before we even signed the contract we knew they were truly the gold standard. We received offers after the weekend of our open house and were able to obtain the real estate dream- sell above asking price and purchase below asking price.“
Israel Cando
“For these two, my family and I were more than just a number… We were not just another client or a referral. We felt, that for them, we were family. Mariko and Radner totally understood that we were making one of the biggest decisions in our lives and not only worked hard to help us, but also protected our interests.“
Annabell Han
“Amazing team to work with. Extremely knowledgeable in marketing strategies, diligent, friendly and listens to clients. Mariko Baerg and Radner made selling our house easy by guiding us through the process, proactively establishing realistic timelines to ensure we got what we wanted.”
John Junio
“Buying our first townhome in Vancouver was daunting and overwhelming. Being newly immigrants, we had no idea where to start; which neighborhoods were a good place to buy, luckily Radner had all the information for us. He laid out a plan and even took us around different neighborhoods to compare when we first started looking for our townhome. He is nothing short extraordinary in explaining pro’s and cons which made our decision easy.”
Shirley T
“Mariko sold my place above the listing price in less than a week, and found a new home for me in 2 weeks. They are an absolute pleasure to work with, and are the best hard-working realtors out there! They are passionate, efficient, proactive, detail-oriented, and always look out for the best interest of their client; these are the kind of realtors you want to work with.”
Andrei Valles
“Radner & Mariko were very good at pointing-out possible problems to us and took the time to explain what those are, so we could make more informed decisions. Overall, working with them made the stressful activity of buying a new home much smoother and easier to manage.”
Jonathan Wong
“Amazing team and great service! Mariko walked us through the entire process, from explaining market valuation and offer strategies to helping us do the actual repairs that the buyers wanted us to fix. Her market expertise led us to be able to sell our condo for above listing price AND above what I was even expecting we could sell for.”
Usman Nisar
“As a first time home buyer, I was interested in a presale but was afraid to step in. With Mariko as my realtor, I know I can always count on her. Two biggest winners for me are her responsiveness (be it email, phone whatever) and her patience to hear me out. With the latter, I have the confidence to ask her any question, doesn’t matter even if its a dumb question :)”
Kevin Chan
“They are very informative on how the process from beginning to end would look like. During the process, they were SUPER diligent in the details of the homes you are interested in. Very honest about what they think about the homes and if it will be a great investment on the long run! Both Mariko and Radner displays the sense of urgency to gather all the information to create a smooth, stress-less, decision that I have never seen before!”

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200+ 5 Star Reviews

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