171: Developers going BUST! - here's what you need to know legally with Renee Roumanos
46 min
In this episode, host David Hamilton is joined by the Solicitor and Legal Practitioner Renee Roumanos to discuss all things buying off the plan, house and land packages and also quite a relevant topic in todays market, what happens if the developer goes BUST?! In this chat, we discuss the following: - A current market update from her legal office - what are buyers and sellers doing at the moment? - The legal definition of an off the plan contract - The 3 types of contracts out there in new home construction - Why a standard contract, isn't what you think it is... - How buyers can protect themselves - Sneaky things developers can do that you need to know about - What to have in place before signing a contract - Defects, changes, and taken deposits, what you need to know about each. - Much, much more! To get in touch with Renee and her team, head over to: https://www.reneeroumanos.com.au/ Looking to invest in property yourself? Why not join a team of 9 experts who have experience across 35,000 property transactions over a combined 135 years in the field. We've put together the Property Investment Course for people who want to learn how to buy and build a portfolio, without paying $25k for buyers agents. To learn more, checkout: www.everythingproperty.au Facebook: http://facebook.com/everythingproperty.au Instagram: http://www.instagram.com/everythingproperty LinkedIn: http://linkedin.com/everythingproperty Disclaimer: The topics, conversation, opinions and discussion provided in this episode are general in nature. As a listener you should not take or use the information discussed as financial advice. Everything Property and its associates recommend that you always engage in independent financial advice before making any investment or purchasing decision.