COMMON QUESTIONS
SELLING TO DEVELOPERS
bullet Q. I will not sell unless I get $ X
A. Most prices are obtainable if you are prepared to wait
 
bullet Q. I want a 30% non refundable deposit to wait for three years
A. Big non refundable deposits are rarely offered. Large deposits can result in a Terms contract with legal implications
 
bullet Q. I want to keep my house on one acre but I cannot subdivide it off
A. A developer can often arrange this.
 
bullet Q. I need some instant cash to pay bills and a weekly allowance until settlement
A. Possible
 
bullet Q. I want to sell one third immediately, one third in five years and the balance in ten years
A. Quite OK
 
bullet Q. This is a family property. Some members want immediate cash, some will wait twelve months and some will wait five years and some want a percentage of profits.
A. Not too hard to arrange
 
bullet Q. I do not want to part with my one deed until I receive all my money.
A. A developer could perhaps create more than one deed and pay for the property as he receives the deeds.
 
bullet Q. I do not want to wait for twelve months to get my money and find that the developer has pulled out.
A. You can settle earlier but the price will be lower. The cost of making a development application is lengthy and costly. If the developer pulls out you own the development application. A successful development application increases the value of your property and makes it more saleable.
 
bullet Q. The developer knows he can divide my property. Why won’t he give me my big price now?
A. Your property only has potential to be worth the big price. Until it is proven that it can be subdivided exactly as planned.
 
bullet Q. What matters can influence Council’s decision to approve a development?
A. Almost anything from a rare frog; the need for a park; land contaminant.

Purchasers and sellers should not rely on the opinions expressed in this section.  Every situation is different and changes in legislation occur almost monthly  Call for an evaluation before making final decisions.  When in doubt call a Town Planner and your legal adviser.