'Off-plan'
Properties
Most
properties on DPA are 'off-plan' properties. This means that they
are in the process of being built and so the full price is not
due upfront in order to obtain the property. Depending on their
construction schedule, various properties will have different
payment schedules. The further along a property is to completion,
the more deposit will be required. If you are selling an 'off-plan'
property you are required to submit the payment schedule details
with your property details. When your property is listed, the
Payment Schedule will be indicated at the bottom of its property
details page. This includes the deposit required (including all
payments made to date and premium required) and all future payments
to make to the developer. See below:
Completed
Properties
Some
properties on DPA may already have been constructed and are ready
to move into. For these properties, entire payment will be due
upfront in order to obtain the property. This includes all payments
made to the developer to date and any premium required.
Financed
Properties
Numerous
properties on DPA, regardless of whether they are 'off-plan' or
completed, may already be on a financing plan. If you are selling
an already financed property you are required to submit the financing
schedule for the property as part of the payment schedule details
you submit.
For these properties, there is an initial deposit that will be
due upfront in order to obtain the property and future financing
payments which may be on a monthly or quarterly basis. When your
property is listed, the Payment Schedule will be indicated at
the bottom of its property details page. This includes the initial
deposit (including all payments made to date and any premium required)
and all future financing payments to make to the financial institution.
See below:
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