Recently, I am planning to purchase an offplan apartment property in Sydney which I have registered one of them on the website. I went to several display offices and I hear agents telling me that are mostly sold or few leftovers. I mean obviously, the leftovers are bad position so I ain't going to buy them
However, one of the apartment, it is not officially launched yet i.e. office display or even the info such as the price, size of apartment, strata levy etc and because I was one of the 1000 that was registered, this company agent tells me that I am one of the lucky ones since I get the priority to get the poisition where I can choose before the launch date.
Although the price is not revealed yet, I would need to pay severla thousand deposits (fully refundable) to secure the spot that I can choose which is fair enough. This is first stage of completion by the way. But when it comes to price negotiation, he was firmed that that there is no room for price negotiation because the first batch would be the cheapest and as time goes by or built 2nd stage, 3rd stage etc, it would be more expensive so whatever price that will be set out later, it will be a good bargain etc. So I am not sure what he said is generally right.
Being a first time for buying off plan, it seems to be too good to be true but at the same time, I would like to hear the cons or the negative sides that I might need to consider or need to risk for?
Your advice will be appreciated
Thanks in advance
However, one of the apartment, it is not officially launched yet i.e. office display or even the info such as the price, size of apartment, strata levy etc and because I was one of the 1000 that was registered, this company agent tells me that I am one of the lucky ones since I get the priority to get the poisition where I can choose before the launch date.
Although the price is not revealed yet, I would need to pay severla thousand deposits (fully refundable) to secure the spot that I can choose which is fair enough. This is first stage of completion by the way. But when it comes to price negotiation, he was firmed that that there is no room for price negotiation because the first batch would be the cheapest and as time goes by or built 2nd stage, 3rd stage etc, it would be more expensive so whatever price that will be set out later, it will be a good bargain etc. So I am not sure what he said is generally right.
Being a first time for buying off plan, it seems to be too good to be true but at the same time, I would like to hear the cons or the negative sides that I might need to consider or need to risk for?
Your advice will be appreciated
Thanks in advance