presale

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presale

A sale of improved properties before they are built; common with condos and subdivisions. Presales are binding contracts. If the construction is completed, the buyer must purchase the property. Defaulting purchasers could risk more than the loss of their earnest money or their reservation fee. Under certain circumstances they could be liable for additional damages if the market takes a downturn and the property cannot be sold for a sum equal to or greater than the presale price.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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The report emphasized how the game developers are "much happier" with the "presale" of "Cyberpunk 2077," particularly in comparison to how "The Witcher 3" did during its time.
The company elaborated that the presales were driven by strong demand for residential units combined with the launch of Cobalt Business District (CBD) in Taj City, the first office park to be launched by MNHD.
The presales figure marks a new record high that replaces the previous record set by the preceding "Avengers" film, "Avengers: Infinity War."
India-based digital IT transformation company Microland disclosed on Monday that it has expanded its global executive team in India and the US with the appointment of Mahesh Nagaraj as chief strategy officer and Srikara CR as senior vice president of Global Professional Services and Presales, to grow as a digital transformation partner for global enterprises.
Improving Residential Track Record: Fitch expects Modernland's residential and commercial-property segment to account for an average of 50% of its attributable presales in 2018-2021, driven by the JGC project and new launches in Bekasi.
'We are very excited to offer approximately 1,700 residential units, as part of the next phase of presale for Batulao Artscapes.
[U.S.A.], May 05 ( ANI ): The presales of Disney's 'Solo: A Star Wars Story' has out-selled the presales of the blockbuster 'Black Panther', times two.
Reaching 100 percent presales in six weeks is something I've never seen.
Adam Webb, campaign manager for the FanFair Alliance, said: "Presales are part of the business and are a really good thing as a way of getting tickets directly to fans.
Presales were launched at designated dealers in Tokyo and Aichi Prefecture in May 2017, commencing with customers looking to interact with communication partners such as Kirobo Mini.