30 August 16
Ever seen a great-looking image of a property with an even better-looking price? Chances are you have been looking at an off-the-plan property!
Buying off-the-plan basically means entering into a legally binding contract to purchase a property before it reaches the stage of final development and occupancy approval. So in other words, you are buying a promise a promise that the seller will complete the development of a property in accordance with agreed terms.
This promise may sound daunting, but in the long run there are many good reasons to buy a property based on figures, artists impressions and display suites (and increasingly virtual reality walk throughs).
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