You have found the perfect property….but it’s not ready for two years.
What do you do? You can either decide it’s not so perfect after all or you could buy off the plan.
What does buying off the plan mean? It basically means that you are contractually obligated to purchase the property at the completion of the building. You will pay your deposit upfront and then wait until the property is ready. You will then need to finance the purchase just before settlement.
Check out our buying off the plan fact sheet