Purchasing a unit off the plan can be an exciting opportunity, especially on the Gold Coast, and wider Southeast Queensland. It can also be a stressful time, and our lawyers are experts at assisting buyers in understanding the process.
When buying off the plan, you’ll receive a contract that outlines the terms of your purchase. It’s crucial to have experienced solicitors such as our team at Holt Ronan Lawyers, review this document. They can help clarify any terms, conditions, and potential risks.
Investigate the developer’s track record. Look into their previous projects and assess their reputation for delivering on time and meeting quality standards. A reputable developer is less likely to cause headaches down the line.
Buyers have specific rights when purchasing off the plan, including cooling-off periods and the right to withdraw under certain circumstances (which is protected by legislation). Ensure you understand these rights and how they apply to your purchase.
Buying off the plan carries inherent risks, such as changes in market conditions or potential delays in construction. We can work with you to understand these risks, and plan for them.
Stay updated throughout the construction process. Regular communication with the developer can help you track progress and address any concerns promptly.
Buying a unit off the plan be an exciting investment if approached with the right knowledge and support.
Richard Holt and Carley Ronan have combined decades of experience in assisting buyers to purchase a unit off the plan on the Gold Coast, and throughout Queensland.
Disclaimer: This advice is general in nature and is not intended to be legal advice. If you would like legal advice, please call our office on (07) 5619 0440 and we would be pleased to assist you.
The team at Holt Ronan Lawyers have managed multiple property settlements for us and have been wonderful to deal with. Trish was wonderful at explaining things to us, incredibly prompt with her responses and made sure we were informed at every step. I would strongly recommend Trish and Holt Ronan Lawyers to help with your conveyancing.
Elyse May
Jan 2024
Richard and the team were on the ball and great to deal with in a recent property transaction. Very knowledgeable in their area of expertise and reached out to us for the accounting perspective to ensure both legal and accounting were handled simultaneously.
Adrian De Vito
Aug 2023
Excellent lawyers! They assisted us recently with our new business lease, going through every dot point and ensuring that I understood what everything meant, as well as fighting for us in negotiations. They would not allow me to sign off on anything until they were absolutely satisfied. I very much recommend them and would use them again in the future.
Jess Bunty
Gold Coast Art School
Feb 2024