November 5, 200817 yr payed deposit 10% on signing contract plus some more and project is atleast 1 year away from finish! Got in on first price and since then have put prices up by 15 or 20% what are my options of selling or cashing out? thx in advance for any advice regards gymboy
November 5, 200817 yr ?? depends on your contract and if you can find a buyer i suppose - more information would be required really
November 5, 200817 yr Author ??depends on your contract and if you can find a buyer i suppose - more information would be required really it says in the contract section assignment u can assign to a third party.. A friend told me of companys that buy ppls contracts from ppl "who wanna get out"
November 6, 200817 yr In the past few years (last one in the beginning of this year) I have sold (and bought) a couple of off-plan contracts (which attracted a fee payable to the developer to transfer the contract)... this is pretty common...... just find a buyer for your contract (with hopefuly a liitle profit of course)....IF the project is progressing well, the unit is popular and the price is attractive, you shouldnt have a problem (btw, new (post June or July 08) off-plan condo contracts are not allowed to have a provision charging a developer-collected fee to transfer a condo contract....insist on this legal consumer right if the developer pushes back)
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