Buying a condo off-plan: what you need to know to protect yourself
Posted: Sun Dec 22, 2024 10:27 am
Buying off-plan can often hold surprises for the buyer, and not necessarily good ones. However, it is possible to protect yourself by asking the necessary questions and obtaining the essential documents for this purchase.
While driving around on a Sunday afternoon, you saudi-arabia business email list notice a sign in an area you've always liked indicating that new condos will soon be built. Since the sales office is open, you decide to inquire. The project appeals to you and you're ready to buy your unit off-plan. Delivery is scheduled in two years, but you don't mind because this delay will give you time to sell your house.
However, buying off-plan can often hold surprises for the buyer, and not necessarily good surprises... The landscaping ultimately differs, the surface area of the condo is smaller than expected, delivery is postponed by a few weeks to a few months, etc.
To protect yourself against these disappointments, you must ask the right questions and, above all, take the time to read all the documents and understand them. This information will help you in your efforts.
While driving around on a Sunday afternoon, you saudi-arabia business email list notice a sign in an area you've always liked indicating that new condos will soon be built. Since the sales office is open, you decide to inquire. The project appeals to you and you're ready to buy your unit off-plan. Delivery is scheduled in two years, but you don't mind because this delay will give you time to sell your house.
However, buying off-plan can often hold surprises for the buyer, and not necessarily good surprises... The landscaping ultimately differs, the surface area of the condo is smaller than expected, delivery is postponed by a few weeks to a few months, etc.
To protect yourself against these disappointments, you must ask the right questions and, above all, take the time to read all the documents and understand them. This information will help you in your efforts.