Hi there,
Can anyone help me with information about buying?selling “off the plan”, I have a block of land and I am not sure whether to sell as a vacant block or possibly with house off the plan. Does anyone have any tips re good or bad experiences in dealings with this.
ThanksHi jjeff,
Welcome to the forum…[biggrin]
I am not very experienced in this area, however, I would start by asking all the RE Agents in the town:
1. what type of properties are in demand at the moment i.e. 2br or 3br units or larger houses.
2. whether there is a market at the moment for selling blocks as is, and I’d also ask as many local builders in town what the demand is like. They are less likely to spin you a yarn…
If your block of land is in an area that is still booming, then you are lucky, however, if prices have slowed or dropped, you may be better off to take the money and run, and move on to another project.
Good luck with your decision,
Del [wink]
Hi Jeff,
If you intend selling off the plan then you will need to consider that, as a generalised statement you will start to appeal more to an investor who is more focussed on rent returns and projected growth. Of lesser importance are things like layout, colours etc.
Whereas a would be home owner will generally speaking want to see the house in a more completed stage.
For me – if I were going to sell the block with or without house then you are probabaly better to sell without. Less headaches for this little black duck.
To a certain extenmt the ‘right decision’ will also be dependent upon your plans.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
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