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Why? It's a good question, whether you are newbie or not.
Hi Richard!
The buyer chooses the location. We build them anywhere they want to be and bring our business to them. So if we have an agent rep in say NSW who can put together 2-3 options of land + house package their buyer can chose from, we (my international team) build the homes there. It's a bit unusual but we enjoy it. And we won't risk having to spend huge costs upfront in areas we are not familiar with.
Cheers and best!
Dear Jhai
Thank you for your kind response.
Our properties certainly meet many of the items listed in the article – except these homes are not smaller, but very generously sized and are luxury homes.
We are currently working to have them engineered in Europe to give them 5-star efficiency capacity – the highest on the market. That means buyers can slash their energy bills to rock bottom.
We are looking to tie in with some great estate agents on all locations through Australia. But what we need is someone to handle everything for us there, legal, compliancy, contracts, collecting payments from beginning to completion of the project.
If you want to see images of some of our buildings, send us your email contact.
I was in the U.S. during the massive and worse property collapse in the nations history. It was really bad. And the average buyers got scared off and many were not able to get mortgages. However, the luxury market just increased during this property collapse – as odd as it may sound. And it's still booming. More buyers from abroad than previously, but certainly booming.
The areas that are mainly affected by a sluggish property market are those where it is already cheap and easy to buy properties in a booming market. Cities generally keep maintaining their value and even experience increased prices.
Anywhere when properties are sold, you'd have to pay commission if the seller is still under contract obligation to the agent – whether you approached the agent or the seller direct with your interest to purchase. If they have a valid agreement with the dates still being active you would be obliged to pay the commission. If they had a past agreement but dates have expired, and the seller has not handed his property to a new agent, you should not be under obligation to pay any commission.
It's possible there are other clauses under the agreement that allows the seller to sell privately (which I doubt) and in which case you should not be obliged to pay. However you'd have to get a copy of the sellers contract. Sounds like the agent may be willing to fight a legal fight so you may want to negotiate with the seller to handle the situation between them to clarify what exactly is the legal clause. Why risk being embroiled in a legal battle when you intend to buys someone's property?
Thanks Richard!
Do you provide finance on Off-the-plan luxury purchases?
Maybe I can add you as recommend to my clients.
What's the commission range for luxury properties in the range from $3 million and above (marketing included, off the plan sales)?
