Buying off the plan means purchasing a property prior to construction of the building complex or development site.
Direct Conveyancing Solutions specialises in providing clients with the best outcome when purchasing off the plan. We carefully review the contract and its clauses to ensure that what you and the seller agree to in the contract is what you receive on the day of settlement.
Sometimes, a purchaser decides to purchase a property that they have not seen based on a developer’s reputation, lower pricing, a starting point for investment purposes or simply due to location of the property.
Purchasing off the plan in NSW offers buyers with tax benefits such as tax depreciations and or stamp duty exemptions. However, with purchasing off the plan there are also risks involved such as time delays, changes to quality finishes, layout alterations during construction.
In order to secure an off the plan purchase, a 10% deposit is required with the balance due at settlement which is often a few years down the track this allows buyers more time to save money.
Direct Conveyancing Solutions also acts for clients that wish to sell off the plan.
This process involves us preparing the Contract and its clauses so that there is clarity from the outset, and complications are avoided. As soon as instructions are received we commence preparation of the Contract and provide efficient and direct communication. We ensure that the conveyancing process runs smoothly, and is stress-free.
If you have an enquiry about buying or selling off the plan, please give us a call today.