How to Buy a Presale in the Fraser Valley (With Uzair)
I'm Uzair Muhammad, buyer-only presale specialist for the Fraser Valley. Buying a presale isn't like buying resale — the deposit ladder, rescission window, GST rules and disclosure statement all move on the developer's schedule. Here's the step-by-step I run with every buyer, and exactly when in the process you should call me — before you set foot in a presentation centre.
450+ Units Sold · $200M+ in Sales Volume · 5 Years in the Presale Market · 4.9★ from 36 Google reviews · Buyer-only representation.
My step-by-step
Step 1: talk before you register. Step 2: I shortlist 2–3 projects fitting your budget and timeline. Step 3: VIP allocation before public launch. Step 4: 7-day rescission — contract review, disclosure statement, financing. Step 5: staged deposits and completion.
Deposits
Fraser Valley developers typically ask 15–20% staged over 12–24 months. Often 5% at signing, another 5% within 30–90 days, balance at milestones. I flag every deposit date in writing.
The 7-day rescission window
BC law gives you seven days to walk away with no penalty. That window is when your realtor and lawyer review the contract, disclosure statement and deposit protection. Skip it at your own risk.
GST and the New Housing Rebate
5% GST applies to new construction. Principal residences under the price cap may qualify for the partial GST New Housing Rebate. I walk you through the calculation before you commit.
When to call me — before the sales centre
Once you register with a developer their sales rep is credited as your representative. Call me first — even a five-minute call protects your right to independent buyer-only representation.
Frequently Asked Questions
What are the actual steps to buy a Fraser Valley presale?
Register early with me for VIP access, shortlist 2–3 projects, secure your unit at the private VIP event before public launch, then use the 7-day rescission window for contract review, disclosure review and financing pre-qualification.
When should I actually call you?
Before you talk to any presentation centre. Once you register with a developer, their sales rep is credited as your representative and I can't step in without a fight.
How do deposits work on a Fraser Valley presale?
Most developers ask 15–20% staged over 12–24 months. Softer windows allow 10% ladders. Typically 5% at signing, 5% at 30–90 days, balance at pre-set milestones.
What is the 7-day rescission window?
BC law gives you seven days after signing to walk away with no penalty. Use it — that's when I review the disclosure statement, run financing and pressure-test the contract.
Do I have to pay GST on a presale?
Yes — new construction is subject to 5% GST. A partial GST New Housing Rebate is available for principal residences under the price cap.