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real estate transaction - forward deal definition - hand shaking

What is a forward deal?

A real estate transaction is often concluded as a so-called “forward deal”. A forward deal is the purchase of a turnkey property to be built at the seller’s expense. This form of contract enables the purchaser to secure the property at an early stage. At the same time, the seller can be sure that he will have a buyer immediately after the property has been completed. This means that financial resources that are released can be planned again.

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