Selling before completion

Discussion in 'Development' started by Austin Gan, 9th Nov, 2020.

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  1. Austin Gan

    Austin Gan New Member

    Joined:
    23rd Jul, 2020
    Posts:
    3
    Location:
    Clayton
    Hi,

    I am interested to know would you sell off one of the two unit on a subdivision development prior to completion?

    The property is 80% completed. One agent presented me an offer and it is at close to current market price.

    What are the pro and cons?

    appreciate your comment, thanks in advance
     
    Austin Gan, 9th Nov, 2020
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
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    Location:
    Australia wide
    An off the plan contract
     
    Terry_w, 9th Nov, 2020
    #2
  3. Stoffo

    Stoffo Well-Known Member

    Joined:
    14th Jul, 2016
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    5,328
    Location:
    In the Tweed
    A bird in the hand ;)
    Is that not only a completed building, but to also include landscaping ?
    You could improve your margin by not including any landscaping in the sale contract :rolleyes:
     
    Stoffo, 9th Nov, 2020
    #3