how to make an options?

Fullout

Using and/or nominee is different to options.

When you sign a contract and use “and/or nominee” after your name, then you have to option of nominating the purchaser to be someone else other than yourself. So it could be possible to ‘flip’ the property on to someone else without you have to buy the property.

But be wary of stamp duty. Different states have different rules. I beleive it works in Vic – but only if you have a written agreement with someone before you sign the contract. If you don’t then you both could be up for stamp duty!

Terryw
Discover Home Loans
North Sydney
[email protected]