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Resale Department |
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We offer every client who purchases a property through East West Developments an
after sales service which will make the process of buying a property abroad easy
and stress free. We will offer you support in all areas from furnishing the
property to renting the property out, and to resell it.
Buying a property can be a very stressful experience especially if you are
working full time. For this reason we aim to make this process as easy as
possible by providing the following services:
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1. Updates on progress of project
2. Furnishing of property
3. Insurance (building, fire, & theft)
4. Legal & conveyance
5. Mortgage & re-mortgage
6. Finance & loans
7. Rentals & management
8. First look at new releases |
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Resale Pool
Resale Pool is open to all condo buyers. It is
not open to Partnership buyers. |
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- All investors/buyers who have made
reservations /purchases on the units can join the developers resale Pool. The resales pool may be closed once all the units
have been reserved /sold.
- This election may be made any time
after 9 months following the Purchase date.
- To join the resale pool the investor
has to put a $1000 deposit with the developer. This amount may be paid on a
credit card. This is a good faith deposit and this amount is adjusted in the
commissions paid on the resale.
- If the investor moves out of the
pool this amount of $1000 is non refundable. However if the investor again
joins the pool, then the investor need not pay the deposit again, but he has to
pay a fee of $5 as administration fees for rejoining the resale pool.
- In the Resale
pool, On sale, the investor pays to the developer 1% commission on the sale
price.
- The new buyer pays 3% assignment
fees to get the resold reservation registered under the new buyer’s name.
- On resale of the unit, the developer
will take the commissions on receipt of the funds, and the balance is paid to
the investor/seller less our commission.
- If paying in Installments, then the
investor will remain current on his installment payments. If payments are late
or in default, the investor will be moved out of the resale pool. However on
making his payments current, the investor can again join the resale pool. on
paying the $5 rejoining fees.
- The Developer will first sell the
units in his release inventory, and then sell the Investor units in the resale
pool.
- All efforts will be made, but the
developer cannot guarantee any resale results.
- It is a rare exit strategy for the
Investor that avoids the need to close on the sale and reduces risk, while still
providing the Investor with excellent cash on cash return.
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Applicants desiring joining the Resale Pool must submit the Resale Pool form.
http://eastwestdevelopments.com/resalepoolform.aspx
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Projected Greater than 222% Cash on Cash Return with
No Appreciation Necessary: The
beauty of the Preferential Investor opportunity is that it gives the Investor
the clear prospect of better than a 222% return on his/her cash investment
without any need for the units to appreciate in value. Suppose the investor
wants to resell his position on completion. Here’s an example of a Studio room
in the Zanzibar Condo hotel:
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CAUTION: Although
this is clearly a preferential buying opportunity, the Buyer should be aware
that no investment or return on investment is ever guaranteed. Please read
Disclaimer. Link:www.eastwestdevelopments.com/termscondition.aspx
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Projected Greater than 222% Cash on Cash Return:
(No Appreciation Necessary) |
Completion Price of Unit in 2021:
Investor Purchase Pricing
Built-In Investor Profit:
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$145,100
$45,000
$ 100,100
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Profit of
$100,100 on investment of $ 45.000
= 222 Plus % Gross return by
completion date.
Returns are gross,
not factoring in your commissions, fees and expenses.. |
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Commissions on resale paid to developer is 1% of the $145,100 sale price = $
1,451.
It is an illustrative example only and should not be construed as representing
any actual result or presumed actual result.
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If the unit has appreciated by a mere 10% in price and sold for $159,610, The
average appreciation has been over 20% per year in this area during the last 4
years. The Investor profit now comes to $114,610.
This is a WIN WIN situation both for the Investor and developer.
WARNING: We do not Purport this as a "QUICK GET RICH SCHEME." It is an
illustrative example only and should not be construed as representing any actual
result or presumed actual result. (Please read the Disclaimer and the Resale Pool
Guidelines below).
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RESALE
POOL GUIDELINES:
What works
best in the Resale Pool.
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The real profits, growth and appreciation will come when the units start
delivering the huge rental returns. Instead of holding for life-long rental
profits, if reselling is the buyers goal, then on completion, or near
completion, would be the ideal time to resell to book the maximum profits. It is
recommended that the ibuyer sleeps on it till the completion date and let his
profits grow. it is needless to say the longer the buyer holds the greater are
his profits.
However Buyers
who wish to resell their investments, and desire to join the RESALE POOL. The
below tips should prove helpful to get quicker results.
1. Buy Studios or larger units,
instead of 20% ownership or Parking Slots. Full Condos are much better sellers
and are more cost effective and with higher profits. 20% ownership or Parking
Slots are slower to resell in the Resale Pool.
2. Do not buy in Installments, under the
Financing Option. RESALE while the Installments are pending is
extremely difficult: Finding a new buyer to pick up the investors installment is
a remote chance. Only on completion of the installments can the investor hope to
find a buyer.
3. The best option for Resale is full
payment. The new investors get a built in
equity to start with, which keeps increasing with time. This
is the best option for resale.
4. Be
Patient. The Developer will sell his units first. Then only the Resales can
happen. It is projected that the maximum Resales will only take place on
completion or near completion of the development. The Seller may have to wait
till then. All efforts will be made, but the developer cannot guarantee any
resale results.
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The Process: The
actual reservation /sale of units will be on a first come-first serve basis. In
other words, an effort will be made to accommodate first those who commit first.
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ASSIGNMENTS: Buyer can sell in the open market. |
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Reservations / purchases are FULLY ASSIGNABLE. You can
sell them before you close. This will give the buyers a major advantage. |
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Reservations can be assigned /transferred without seeking permission from the
developer and are free of any costs to the reservation holder. The new buyer pays
3% assignment fees to get the resold reservation registered under the new
buyer’s name. This election
may be made any time after 9 months following the Purchase date. Developers
around the world now rarely ever grant this right to a buyer. It is certainly a
big benefit to the buyers now turned sellers.
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Example: |
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Buyers now turned sellers have 2 options on selling. |
- All buyers who have made reservations on the
condo units can join the developer's resale pool, and sell their unit at the
then current price. In the resale pool the sellers pay a subsidized 1% commission
on the sale price to the developer. The new buyer pays 3% assignment fees to get the resold
reservation registered under the new buyer’s name.
- The other option the investor gets a buyer from
the market himself or thru another broker. The new buyer pays your invested sums
plus a premium to you as your profit and you assign your reservation in the
buyer’s new name. The seller pays no selling commissions to us, but the new
buyer pays 3% assignment fees to get the reservation registered under the
buyer’s new name.
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The seller can select whichever options suits him/her the best.
Whichever option will make him/her the most profit. |
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For the transaction to go smoothly the developer can provide his
intermediary services free of any cost. They can act as collecting agency for
the funds received from the new buyer, and send funds to the seller. All Bank
charges or transaction charges will be borne by the seller.
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Disclaimer: Although
this is clearly a preferential buying opportunity, the Buyer should be aware
that no investment or return on investment is ever guaranteed. No representation
is being made that your investment or return on investment will be the same as
or resemble the examples shown above. In fact, no representation is made that
there will necessarily be any return on your investment. The examples are just
one of many possible investment outcomes and are for purposes of illustration
only. The Buyer investment, in this case, is in a project to be constructed.
Although the expectation is that this project will be built as planned, we make
no representations or promises that the project will proceed as planned. Delays
could happen. Investor funds will be held in secure escrow/trust accounts and
all funds will be returned in the event any project is dropped or discontinued.
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The information herein is merely illustrative and
promotional in nature, and does not represent a contract, guarantee or specific
representation regarding any particular contract. No representation is made as
to the success of any project, the ability of a purchaser to find a buyer to
take assignment of a purchase contract of a unit, or that the prices within a
particular project will rise. Real estate buyers should understand that if held
for investment purposes, there is a risk that returns from other investment
vehicles — such as a stock, bonds or other property — could be higher.
Accordingly, there is no guarantee that a pre-construction purchase contract
represents the best possible investment relative to other possible uses of a
buyer's money. Buyers should do their own due diligence and consult their own
investment and tax advisors about the suitability of a pre-construction purchase
contract for their particular needs and situations. The purchase of a
pre-construction contract is a purchase of a particular real estate unit.
Accordingly, it is not intended to constitute a security.
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The information provided here are calculations only. The
rates, revenues and returns are expected estimates only based upon the analysis
of market conditions and hotel & hospital management activity in the Location
areas.
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East West Developments makes no recommendations whatsoever
with regard to the decision of any prospective buyer to purchase a unit by the
developer, other than to recommend to any prospective buyer that he/she should
consult with his/her independent investment advisor, tax consultant and legal
counsel.
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East West Developments is not registered with the
Securities and Exchange Commission, or licensed by the National Association of
Securities Dealers. East West Developments disclaim any responsibility for the
project or portfolio performance and makes no representation or warranty,
express or implied, as to the percentage of return of investment to any purchase
at the Condo.
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