Selling Contract/cashing Out Possible On Off Plan Deal

[gymboy33]

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

[thaiwanderer]

??

depends on your contract and if you can find a buyer i suppose - more information would be required

really

[gymboy33]

??

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"

[trajan]

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)