Presales
Presales are contracts to buy units in a development before or during construction; lenders set conditions on which contracts count towards any presale requirement.
Presales, explained.
Presales provide evidence of demand and agreed prices. Lenders may set conditions on which contracts they accept, including purchaser relationships, deposits and concentrations of sales to particular buyers.
Presale requirements vary between lenders and form part of the funding terms.
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The Learn section is general information about lending in Australia. It does not take account of your objectives, financial situation or needs, is not credit assistance, and is not tax, legal or financial advice. Lender policies, government schedules and regulations change; check the current position with the relevant body or with us before relying on it.
