I have heard (although this could be an urban myth) that with some developments RE agents won’t even try to resell the units because there aren’t the buyers out there. They don’t want to put their reputations on the line.
I thought when buying off the plan, if you don’t proceed with the settlement you automatically forfeit your deposit and also you have to pay the developer the difference between your sale price and the amount the developer can resell the property for (assuming the price is less – if it is more, the developer wins & you just forfeit the deposit)
Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
I’ll admit to knowing very little about the place – except nobody born there is called Tracy…
IMHO, the Ghan will only increase rail tourism but will have little impact on the number of permanent residents. My guess it may give backpackers more employment opportunities.
Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
So can anyone tell me what PropertyInvesting 101 is PLEASE!
Dougall,
In the US, courses are given a number and 101 refers to an introductory course. Therefore, Property Investing 101 is a basic introduction to Property Investing. “101” has become a colloquial expression to anything introductory.
Hope that helps.
Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Americans are morally otraged by the exposure of Janet Jackson’s breast but these are the same people who watched repeated viewings of the Rodney King bashing without getting upset.
Doesn’t quite seem right does it?
Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney