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.

Mentioned in ?

presale order

References in periodicals archive ?

Developers used presales to increase buzz on projects, and presales were favored by some buyers who followed the logic that unit prices would increase once there was a tangible building in progress.

Some developers -- particularly those who have projects in the pipeline outside Manhattan's most desirable neighborhoods -- are doing preconstruction presales because if they don't, banks won't finance their construction loans.

Banks are saying they won't give you a construction loan until you have a certain amount of presales.

Presales assume new role

Of the 13,000 properties originally listed on the department's lien list owing cither property tax and/or water charges, 9,000 paid during the presale, which ended July 28, the day of the lien sale.

According to preliminary department estimates, $165 million has been collected during the presale period, a figure nearly $10 million more than the previous high in 2000 and almost double the amount collected during the same period last year.

City's $165m success story

Presale Firearm Checks, NCJ 162787, can be obtained by calling the Bureau of Justice Statistics at 202-633-3047 or by accessing "What's new at BJS" on the BJS home page at http://www.

Bulletin Reports

332 before the sale of the stock of the first-tier subsidiary or any presale distributions.

Because the prearranged sale of the first-tier subsidiary would otherwise cause the presale distribution of the second-tier subsidiary to be ineligible for Sec.

Alternative disposition technique using sec. 338(h)(10)

The presale report is available to all investors on Fitch's corporate site, www.

Fitch Issues Presale Report on C-BASS CBO XVIII Ltd

For more information about Fitch's comprehensive subscription service Fitch Research, which includes all presale reports, surveillance, and credit reports on more than 20 asset-backed securities (ABS) asset classes, including collateralized debt obligations (CDOs), contact product sales at 212-908-0800 or at webmaster@fitchratings.

Fitch Issues Presale Report on Nautilus RMBS CDO IV, Ltd./LLC

For more information about Fitch's comprehensive subscription service FitchResearch, which includes all presale reports, surveillance, and credit reports on more than twenty asset-backed securities (ABS) asset classes including collateralized debt obligations (CDOs), contact product sales at 1-212-908-0800 or at webmaster@fitchratings.

Fitch Issues Presale Report on Preferred Term Securities XXIV, Ltd./Corp

CHICAGO -- Fitch Ratings has issued a presale report on GE Equipment Midticket LLC, series 2006-1 (GE EMT 2006-1).