I've placed a deposit on a new build property (in the UK) which won't be ready until October/November. They set a 28 day deadline to exchange contracts. I've had the survey + legal searches and have a mortgage offer coming through. The deadline is next week, and the buyers at the bottom of my chain have pulled out today. I could be stuck for at least another month. Are builders normally flexible when this happens?
2006-08-31 08:49:08 · 2 answers · asked by nemesis 5 in Business & Finance ➔ Renting & Real Estate
Sometimes when we have a set-back it turns out to be a blessing. Be very wary of new build. How do you know it will be good build? Is it really good value for money or are you paying a massive premium just because it is new? The builders want to sell - as many as possible - as soon as possible. If they can get another buyer easily they may well do. However they would rather the new buyer bought one of their other properties because they have got 2 sales sown-up so if you have a genuine reason for delay & are still committed you should be OK. Just explain what has happend. It happens all the time. The key is that they see you are getting on with the process of buying at the fastest rate you can.
2006-08-31 21:03:02 · answer #1 · answered by Frank M 3 · 0⤊ 0⤋
you can try them, but get a solicitor just in case
2006-08-31 09:29:21 · answer #2 · answered by http://hogshead.pokerknave.com/ 6 · 0⤊ 0⤋