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would anyone buy off plot on a site not yet started?
Comments
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ill go against the grain here and say yes, go for it. As long as the deal is good for you!
The real power here is with you as the buyer so make sure you have squeezed every single penny/perk out of the developer and then whats the problem? You exchange 5% which stays at the soicitors until completion, if it doesnt complete then you get it back.
People are extremely quick to think the worst when in fact id say now was the absolutely best time to buy a new build.0 -
You exchange 5% which stays at the soicitors until completion
Not if it is a typical builder's contract - it goes to the builder. If the site is bonded by NHBC then you will eventually get it back through them if builder goes bust.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
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