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May 13, 2014

Off The Plan: Pros and Cons

Buying off the plan is when a property is purchased before construction is completed. When you enter into a contract to buy off the plan  a deposit is paid to secure the property, while the balance of the purchase price is payable on completion of the building. Pros  Lower Price Developers will usually offer their properties at a reduced price initially to encourage a faster sales rate and meet their construction finance requirements. If you are willing to commit early there are big savings to be taken advantage of. Tax Benefits As with any investment there are tax benefits, but …

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