Re: OFF-PLAN

#70492

Anonymous
Participant

Ken

i feel a right ‘muppet’ for buying off-plan, and 5 years down the line, i’m still trying to get my deposit back! I wouldn’t buy off-plan now, even it seemed like bargain of the century. You just have little idea what the situation will be with your place in 1 year, two years, five years? My apartment shrunk to not much over half the contract size, in its four and a half year build time, with no discount offered! And still has no LFO.

If i was looking now, i would look for a built place and just go and a look round and talk to those living nearby. If the majority are happy, go back and bargain hard. You really are in the driving seat at the moment.

Just my opinion of course, for what it’s worth. I’m no expert, just someone who did it wrong and learned a hard lesson.