Buying off the plan
Sometimes strata units or retirement village homes are advertised for sale before the building has been constructed. The design of the building and sketches of its final appearance may be included in advertising material well before occupation is possible.Â Buying aÂ property under these circumstances is commonly known as buying â€˜off the planâ€™.
There are a number of issues to be aware of when buying off the planÂ becauseÂ you are entering into a contract toÂ buy a property without having first been able to view and assess the finished product.
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Director - Property Lawyer