Quote:
Originally Posted by JMBroad
Totally agree - unless a development has all the necessary licenses, it makes no sense to sell it or take reservations on it.
|
Unfortunately Grupo Sanchez is only one of many overseas developers who invest in the land, and produce the project with the expectation of getting the licences. They cannot legally sell in Brazil until they have the licences but many start the sales campaign in Europe taking "reservation" deposits. They cannot issue a legal contract at this stage.Then with all the delays getting all the permissions, people lose interest, the company loses credibility and then come the problems for investors to get their deposit returned. If you want to be certain use a reputable agent in Europe who does check out before offering developments, or better still visit Brasil yourself, and importantly do not believe in the virtual reality images on the internet.