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A New Zealand couple put down a $175,000 deposit on a brand new home.
Five years later, there is no property. There isn't even any land. After taking the developer to court, they got back about $40,000.
Ed's team at Opes Partners has helped over 2,000 Kiwis invest in off the plan properties, and in this video he counts down the 5 checks you must do before you sign:

  ● Does the developer build good houses?
  ● Has resource consent actually been granted? Why your price can be locked in while your floor plan isn't
  ● Will the bank still lend when the build is finished?
  ● Does the developer own the land?
  ● Where is your deposit going? Why a solicitor's trust account decides whether you get your money back

Know these 5 checks before you buy off the plan in NZ.

00:00 Intro
00:30 Does the developer build good houses
03:24 Has resource consent been approved
05:17 Will the bank still lend the money
10:13 Does the developer own the land
12:06 Where is the deposit going

https://www.opespartners.co.nz/
Instagram: opes_partners

#propertydevelopment
#offplanproperties
#propertyinvesting

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