Buying property? Then this blog is for you!!

This blog helps the property buying community to more easily share strategies, stories and helpful tips. It is an open blog. Anyone can join, contribute and invite others to join.

If you would like to talk property, please contact us:
Office: 1300 911 576
Martyn Fleming: 0400 000 822
Guy Clarke: 0409 055 128

06 August 2008

Keep your 'Options' open

Call option deeds, or 'option contracts'. Investors love them and vendors hate them. This is a common misconception as vendors are starting to get the message, particularly in today's buyer's market.

How do they work?
In short, option contracts give investors the right to take control of the property without the obligation to purchase. This is typically useful for developers, who are looking for some form of value-add on the property, such as a DA for splitting, etc. Most developers then on-sell the property (with improvements) and reap the benefit of not having to pay stamp duty, minimising transaction costs, etc.

The art is in convincing the vendor this is a good result for them. This is when you get your favourite buyers agent working for you (that's us, by the way)!

Sound appealing to you and want to know more?

Contact Morpheus Property on 1300 727 586.

Yours in property!

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