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Rank: Administration
Joined: 7/1/2008
Posts: 190
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Buying off plan can give the buyer the opportunity to be involved in elements of design and finishes so that they suit the buyers needs and tastes. Off plan properties, particularly in newer markets often offer more choice than re-sales. If buying off plan the buyer is the first person to live in the property. New properties are often better made than older properties. Do you agree? What other advantages/disadvantages are associated with buying 'off-plan'? For more information read: http://www.homesoverseas.co.uk/buying-off-plan
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Rank: Newbie
Joined: 8/30/2008
Posts: 1
Location: Northamptonshire
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Hi, I would agree that off-plan can be a great investment as there should be a discount to buyers getting involved early in any project. However, like any investment, buyers MUST do there research and ask lots of questions and then only go forward when they are completely satisfied with the answered given. Get things in writing. Always take legal advice and I would suggest using a UK based agent to work with you.
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Rank: Newbie
Joined: 9/8/2008
Posts: 1
Location: north of london
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Other advantages include:
- more pay,ey options / better choice of location within building / lower starting prices
I offered 15% discount 12 months ago, with payments over a period of 15 months on my development in Hurghada, Egypt - called Red Sea Residencia - now the discount is down to 3%, and prices are 15% higher.
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Rank: Newbie
Joined: 11/7/2008
Posts: 7
Location: Sofia/UK
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It's not always the case that new properties are better built than older properties. Buyers shouldn't forget that with the worldwide property boom came many cowboys! Simply a case of doing the homework.
Julie J&JA Overseas Properties LtdSofia, Bulgaria and Whitfield, Kent J&JA Overseas Properties Ltd
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Rank: Newbie
Joined: 11/11/2008
Posts: 2
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Thank you for sharing useful information.A good rule of thumb in real estate is hire an attorney before you part with any money or sign anything.The two things you want to avoid hearing from an attorney are "I told you so" and "Had you called me before you signed that I would have told you so." MyInvestorsPlace - trading, value, investing, forex, stock
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Rank: Newbie
Joined: 12/7/2008
Posts: 4
Location: Hurghada, Red Sea, Egypt
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Editor wrote:Buying off plan can give the buyer the opportunity to be involved in elements of design and finishes so that they suit the buyers needs and tastes. Off plan properties, particularly in newer markets often offer more choice than re-sales. If buying off plan the buyer is the first person to live in the property. New properties are often better made than older properties. Do you agree? What other advantages/disadvantages are associated with buying 'off-plan'? For more information read: http://www.homesoverseas.co.uk/buying-off-plan Buying off plan give you the best chance to have highest rate for return on investment specially if you buy in pre launch phases
George Sabry
Marketing Director (Co. Partner)
Red Sea Real Estate Investments Ultimate Guide
Hurghada, Red Sea,
Egypt
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Rank: Newbie
Joined: 12/7/2008
Posts: 4
Location: Hurghada, Red Sea, Egypt
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myinvestorsplace01 wrote:Thank you for sharing useful information.A good rule of thumb in real estate is hire an attorney before you part with any money or sign anything.The two things you want to avoid hearing from an attorney are "I told you so" and "Had you called me before you signed that I would have told you so." MyInvestorsPlace - trading, value, investing, forex, stock I support this opinion 100% never sign a apaper before revising it with your lawyers
George Sabry
Marketing Director (Co. Partner)
Red Sea Real Estate Investments Ultimate Guide
Hurghada, Red Sea,
Egypt
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Rank: Member
Joined: 7/9/2009
Posts: 13
Location: Javea
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Hi I find it interesting one of the contributers said it is better to get a uk agent , or use a uk agent. I would disagree with this statement as common sense and logic would dictate it would be better to get a reputable agent in the market you wish to buy. Why would a uk agent know the conveyancing laws in Phillippines, Malaysia or even France and Italy. Buying offplan has advantages and disadvantages. Advantages being, new materials, new construction, can be better value for money, warranties and guarantees, new services in resort, as well as disadvantages, no or limited mortgages, insecurity on developer completing, unfinished projects etc, It depends on the buyer always and what they want.
Goldberg & Partners Global Real Estate LLC Edif Puchol 13, Cami Vell de la Mar 40, Javea, Spain www.goldbergglobal.com
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