An EOI (“Expression of interest”) is a written document signed by a potential investor to express interest in a project that has not yet been officially launched.
This agreement gives the client the opportunity to choose a residential property before the start of sales is announced.
Usually the EOI is $5000-10000, the maximum can be up to 5% of the value of the property. The specific amount depends on the property and the developer.
Whoever makes the first EOI gets the best lots. The sooner you make it, the better! And without EOI, the apartment may not be available at all.
Why can the project be sold out before the start of sales?
- Realtors will learn about the most profitable offers that the developer plans to announce.
- Next, the agent offers the client suitable real estate options that will soon appear in the pre-launch, and the investor books them.
- But the buyer usually pays the bulk of the cost of the object during and after the completion of construction.
Since apartments can be "disassembled" in the first hours after the start of sales, our company collects reservations and helps to arrange an EOI! We are currently booking more than 12 projects and preparing for upcoming launches. Write to us, we will select the property according to your request and budget.
