Buying off the plan is tempting, especially when you consider the glossy marketing materials, illustrations and sale pitch from the developer, but there are also drawbacks.
Here are some pros and cons of buying a property off-the-plan:
Minimise your risks when buying an off-the-plan property by doing an extensive research on the history of the developer, the contract and the plan itself. Make sure you have your finance pre-approved so you are in a strong position to negotiate with the developers are are able to settle when required.
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