An off the plan purchase is whereby a person buys a property that is not yet constructed and approved. This type of property buying is risky because of the changes in value, quality of construction, plan modification, and management issues.
What may look like an exciting step forward in buying a brand-new home can turn into a financial mess. You must consider the multiple risks when purchasing an off the plan property. Executive Law Group has a team of expert legal and conveyancing professionals that can help you determine if you are dealing with a reputable developer, if you are given a fair price, if your potential market can affect your profits, and if you can receive financing.