Off Plan Buying
The main reasons for buying off plan
This means purchasing the property before it is completed, and being seen only from drawings, which is usually made up into a sales brochure but not always.
The planning permission will have been given and sometimes the work will have commenced. The developer wants to make the sales quickly so he can recoup his investment and move on to the next project, the way this helps us as a investor is we can buy the property under currant market value and in some cases flip the deal before the property has been completed, note however this is not always the case.
Point of interest to you the investor
- You can usually buy under market value
- Take very little of your time up
- Developers saves money by purchasing his materials in larger quanties with the money he has collected from the investors and passes on his saving s to them.
- You can save on resale premiums
- Easier for you to put in any changes you wish to make to the property before building commences subject to planning.
- Payment structures does not tie up all your capital on one project
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