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Builder receipt to book land

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A land estate is ready book land if we book with a builder. Is this something people opt to do ? Any gotchas that I need to be worried about.

First time buying land so trying to understand this process better.

Henley is ready to give me a receipt for a 850$ deposit and that seems to be “too good to be true”

Thanks in advance for the guidance.

Cheers.


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