First time buying land

Discussion in 'The Buying & Selling Process' started by redline, 25th Feb, 2021.

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  1. redline

    redline New Member

    Joined:
    21st Feb, 2021
    Posts:
    4
    Location:
    3179
    Hi all,
    first time buying land and a little new to this process.
    Are there any risks or things i need to consider when buying land?

    I've been asked for a 5% deposit for the land and it won't settle until later in the year.
    Worst case, if my finances don't get approved what options are there for me? would it be a case of selling the land? what's the usually fees REA take for land sales? 2-3%?

    Thanks
     
    redline, 25th Feb, 2021
    #1
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