What does buying
‘off-the-plan’ mean?
Buying ‘off-the-plan’ means you have agreed to purchase a property prior to it being built or whilst it’s under construction.
What are the benefits of buying off-the-plan?
One of the most exciting opportunities that exist with purchasing a property ‘off-the-plan’ is that you can lock in the ownership of a property without having to settle for an extended period of time. It may be one or two years before settlement, allowing for capital growth while your property is being built.
Low Deposit
When purchasing a property from Du Val we only require a 10%* deposit upfront. The remainder of the balance is not due until settlement.
*The deposit is based on 10% of the agreed sale price payable to Du Val (the developer)'s solicitor and held in trust until project completion. Please consult your bank or mortgage professional for more information about lending criteria for your personal circumstances.Â
Time is on your side
Buying off-the-plan allows the benefit of ‘time’. A longer settlement period means you have some breathing room to take care of the investment. You can use this time to tidy up your finances, save money, and reduce the amount you need to borrow. Not to mention, you will have more time to reduce any existing debt. This time can also be used to organize a house move if you intend to be an owner-occupier.
How can we help?
Our experienced team can help guide you towards your property goals.
Connect with us for a FREE, no-obligation consultation with one of our team today.
