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  1. Peter_Tersteeg

    Crowd sourcing: similar experience buying off the plan with low low valuation

    Developers need deposits from pre-sales to get their funding from the bank so they can build the property. The pre-sales need to be unconditional contracts. As a result, they can accept a 2-3 week finance clause so the buyer can do their (very basic) due diligence, but they can't accept a 1-3...
  2. Peter_Tersteeg

    Crowd sourcing: similar experience buying off the plan with low low valuation

    I've yet to see a developer that will allow a finance clause on a long term contract. What can I say, Caveat Emptor. OTP purchases have an element of risk in them. breeze's friend either needs to come up with extra cash to complete the settlement, or waive the deposit (and possibly more)...
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