Hi Rightvalue,
This is something that frustrates me no end.
If you ever see a brand new 3 townhouse development being sold for $270k less than it would be worth when strata titled, please let me know, as I would buy it in a flash. This simply doesn't reflect the reality of how commercial transactions take place.
Cheers,
Matt
Quote:
Originally Posted by RightValue
Also be aware, if you are borrowing from a bank , even though the development may be worth $1.07m upon completion and on separate titles, that on one title as it will be valued by the bank it could be worth/valued at less than $800k upon completion.
This is something that frustrates me no end.
If you ever see a brand new 3 townhouse development being sold for $270k less than it would be worth when strata titled, please let me know, as I would buy it in a flash. This simply doesn't reflect the reality of how commercial transactions take place.
Cheers,
Matt
Quote:
Originally Posted by RightValue
Also be aware, if you are borrowing from a bank , even though the development may be worth $1.07m upon completion and on separate titles, that on one title as it will be valued by the bank it could be worth/valued at less than $800k upon completion.