All Topics / Help Needed! / Flipping a serviced apartment bought off plan

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  • Profile photo of glaucusglaucus
    Participant
    @glaucus
    Join Date: 2008
    Post Count: 14

    Can I on-sell a serviced apartment that I’ve put a deposit on prior to the development being completed?
    I assume yes, so are there any dramas I should be aware of in doing so?

    Profile photo of GregGreg
    Participant
    @gtgart
    Join Date: 2014
    Post Count: 2

    Yes you can on sell, but normally this would require you to settle on the property, since you are the one who has paid the deposit and exchanged contracts with the developer. If you had purchased an option to buy the property, then this would be a different scenario, and perhaps more of what your were thinking?

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