Yes, you can sell an off-plan property before it is completed, but there are specific conditions and procedures to follow:
- Developer’s Approval: You must obtain a No Objection Certificate (NOC) from the developer, which confirms that all payments are up to date and there are no outstanding issues.
- Transfer Fee: There may be a transfer fee charged by the developer for allowing the sale of the off-plan property. This fee can vary depending on the developer and the terms of the purchase agreement.
- Marketing the Property: Once you have the developer’s approval, you can market the property for sale. It’s often best to work with a real estate agent experienced in selling off-plan properties.
- New Buyer Process: The new buyer will need to complete the necessary paperwork and pay any applicable fees to transfer the ownership of the off-plan property.
