UK Landlord Forum / Life

What do guys think of it?

Pretty perfect - shows the smart money getting in at phase one offplan - then the big boys come in, these pre -sales will secure developers funding to project they can then hike up the prices and Jo Public then jumps in - I want to be a phase one buyer, anyone know any good just released, off-plan projects!!!

Yeah, it's a pretty neat little picture.

I want to be a smart money man! I guess i'll have to wait for a crash!

Quote from: hopson on October 19, 2007, 01:26:51 PM
Pretty perfect - shows the smart money getting in at phase one offplan - then the big boys come in, these pre -sales will secure developers funding to project they can then hike up the prices and Jo Public then jumps in - I want to be a phase one buyer, anyone know any good just released, off-plan projects!!!

You still need to get your money in pounds!!!

I always do my best work when at the blow off stage !.


badger

Take me with you next time, Badgey!

Maybe we can blow off together?

HA HA HAAA HA! I crack myself up!

You just kill me dude, lol



Badhead

Badgey, pull my middle finger...

 

If the right 'off-plan deal is there then figures might stack up for me to bring back now rather than leave with Uncle Sam indefinitely - from what I have seen, most developers take £1k reservation fee then anything up to 45 days for 10% or whatever they want, another way around my currency exchange conundrum, and you wizzards may like to help me out here, what about exchange bonds, I understand the sytem will cost me, (and I need to find a developer who takes them) ......but smart thinking on my part, or is it, is there a catch with these things???

Quote from: hopson on October 19, 2007, 03:04:25 PM
If the right 'off-plan deal is there then figures might stack up for me to bring back now rather than leave with Uncle Sam indefinitely - from what I have seen, most developers take £1k reservation fee then anything up to 45 days for 10% or whatever they want, another way around my currency exchange conundrum, and you wizzards may like to help me out here, what about exchange bonds, I understand the sytem will cost me, (and I need to find a developer who takes them) ......but smart thinking on my part, or is it, is there a catch with these things???

Some developers do accept bonds. However, like you said, they may charge extra for that service. It might work out cheaper if you exchanged your currency!

Just be extremely careful about off-plan deals!!

Have a read through this:

http://www.propertyinvestmentproject.co.uk/blog/2007/05/16/buying-off-plan-property/

Thanks for the link, and a lot of good common sense, inn short, do nyour home work, check the developers insured and cover your arse, I still liek the idea, in that if buying now and minimum down then watch the prices go up (hopefully) prior to completion - the funny thing I noticed was the google ad on that page where you will be 'given' £9,706 for buying a property and getting £5,000 equity - thats what screws the market

heh unfortunately I can't control what displays on the ads.

Are you looking to invest locally to your residence, or are you willing to buy across the country? Have you been looking yet? If so, where abouts?

I will look anywhere in the country really - Glasgow supposed to be hot at the moment so may have a jolly up there