Hi All,
I recently came across the idea of securing viable development sites using a purchase option and then selling the option on to a developer. I have met a developer in Adelaide and another in Sydney who use this method.
While I understand that options are certainly not the way to go in many cases, would anyone know of developers who would be interested to purchase options for potential development sites that I could speak with? Essentially I'm trying to determine whether there is a suitable market for the sale of property options in Adelaide before I start the business of securing them.
Thanks!
I recently came across the idea of securing viable development sites using a purchase option and then selling the option on to a developer. I have met a developer in Adelaide and another in Sydney who use this method.
While I understand that options are certainly not the way to go in many cases, would anyone know of developers who would be interested to purchase options for potential development sites that I could speak with? Essentially I'm trying to determine whether there is a suitable market for the sale of property options in Adelaide before I start the business of securing them.
Thanks!