Due to misinformation, many of us feel that it’s disadvantageous to buy off the plan brisbane. Buy off the plan refers to signing a contract for purchasing a property that’s yet to be developed or still being built. Buyers don’t have to inspect the property; all the decisions will be based on the artistic rendering and plan of the property.
Well, we have to consider all sides of the coin because solicitors, media, or property developers wouldn’t vote for you to buy property off the plan in Brisbane. But before the negativity of this broad topic pollutes your judgment, please consider the advantages associated with buying off the plan.
Lock in price
The real estate industry is one of the best investment options any investor would consider. The house price may increase by up to 30% in the next one to two years; that’s why it could be advantageous to buy property off-plan. Once you have signed a contract and bought the property at the current price, you’ll be protected against a real estate price hike in the future.
It gives you peace of mind
Buying property can be a frustrating process, especially if you don’t have your finances organized. Furthermore, you’ll be rushed by the property owner to close the deal. However, when you buy off the plan Brisbane, you’ll have a good time to sell your current home and plan how you will be moving to your new home once it’s completed.
More choices
When you buy off the plan at the early stage, you’ll have vast options to choose from. From the list, you can identify the most impressive color scheme and floor plans. Again, the developer will give you the option of customizing the house finishes and layout. Generally, it means that you’ll buy what you love most.
Pay Deposit only
When you develop an interest in a property where you prefer to buy off the plan Brisbane, you’ll first need to sign an Expression of Interest. You’ll agree on the initial deposit during the signing stage, which you must pay, say $6000. After that, your solicitor will go through the contract and ensure you are on the same page with the property owner. Generally, the deposit will be 10% of the property price. Once you top up his value, you pay the rest on Settlement.
Early-bird Discounts
First come, first serve theory works on buy off the plan Brisbane. Normally developers do consider offering early bird discounts to their first few customers as a way of establishing a connection with customers and fueling their sales. Furthermore, you can find the affordable option listed by the developer. For more information visit our Website
