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Technically, under an off-the-plan contract, you don’t receive the title until settlement. However, once you’ve signed an unconditional contract, the property can be re-sold.
Some developers won’t allow a “re-sale” prior to settlement, so it’s important to scrutinise the contract before signing if you are considering selling before you move in. It’s wise to get some legal advice as the re-sale conditions are generally buried in the fine print.
The good news is there’s generally no penalty for selling before settlement.
https://www.realestate.com.au/ad ... -before-settlement/ |
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