Sell before settlement
Sell your off-the-plan property before settlement.
Bought off the plan or waiting for land to title? You may not have to wait until settlement. We help you explore nominating a buyer onto your contract, or prepare to sell the moment it settles.
Key points
- Many off-the-plan contracts allow a nomination or assignment before settlement.
- The developer's consent is usually required.
- Costs, duty and tax vary by state, so get independent advice.
How selling before settlement works
When you buy off the plan, there's often a long gap between signing the contract and settlement, and circumstances change. Many contracts include a nomination or assignment clause that may allow another buyer to take your place.
Our agents help you understand your options, find a suitable buyer from our network, and work with your solicitor or conveyancer and the developer through the process. Read our full guide: Can you sell off the plan before settlement?
Who this is for
- Off-the-plan apartment, townhouse and house buyers
- House-and-land package buyers waiting on construction or title
- Purchasers of land in estates that haven't yet registered
- Buyers facing a valuation shortfall
- Investors changing strategy before settlement
The process
- Tell us about your contract: property details and settlement date.
- We review your options: contract, market and buyer demand.
- We find the buyer: local and overseas buyers from our network.
- Settle with confidence: we work alongside your solicitor or conveyancer and the developer.
Whether a contract can be nominated or transferred depends on its terms and often the developer's consent. Costs, stamp duty and tax outcomes vary by state. We always recommend independent legal and financial advice.
Questions
Selling before settlement: FAQ
What does it mean to nominate a buyer before settlement?
Some off-the-plan contracts let the original purchaser nominate another party to complete the purchase, or assign the contract, before settlement. Whether this is possible depends on your contract and usually the developer's consent.
Why would someone sell before settlement?
Common reasons include changes in finances, a valuation shortfall at settlement, relocating, or changing investment plans.
Are there costs or taxes involved?
There can be. Developer fees, legal costs, stamp duty and tax vary by state and contract. Get advice from your solicitor or conveyancer and accountant.
Can you help if my property has already settled?
Yes. We can market and sell it through our agents and buyer network across Australia and overseas.
Ready to sell, before or after settlement?
Nominate your property today, or call our team on 1300 237 803. Free, no obligation.