Buying Unregistered Land or Off The Plan
Buying unregistered land or a property off the plan?
It is NOT a matter of 'what you see is what you get'. 'Unregistered land' or a 'property off the plan' is property that has not yet been created. You are presented with computerised images and a draft plan with no promises that the end product will be the same.
Too often buyers are not aware of the unfavourable changes that a contract allows for developers to make to your intended home or land. Even worse, buyers are often not compensated for their losses and often have no choice but to accept the unfavourable changes and proceed to settlement. Have an experienced Licenced Conveyancer look over your contract and negotiate on these unfair terms before you commit.
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