Selling Property Bought Off-Plan: What’s Involved?
Suppose you’ve purchased a property off-plan, and it’s now completed but you’re ready to sell it. In that case, the process of selling your property is about the same as it would be when selling any property.
Most investors will have owned their off-plan property for several years before they look at selling.
At this point, the buyer is free to do as they wish with the property as they have full ownership.
The only exception is if they’re still receiving assured rental income for their off-plan property. This is a deal offered by off-plan property developers and tends to last for a period of one to two years.
As long as the investor has owned their property for longer than the assured rental period, they’ll have the title deeds as ownership of the property.
This means that they’re free to sell it through any sales agent or high street estate agent that they wish to use.
At this point, the sale of the off-plan home would be classed as a standard property sale rather than an investment.