Can I write compensation into contract in case of breach by developer?

scarletjim

Doozergirl wrote: »

How exactly did the haggling process go on this potential purchase?

Not discussed yet, it's very early days. I emailed them to ask what they are doing with the piece of land, they replied saying they are building 5 four-storey town houses starting in a few months and finishing hopefully next Spring, I said I would be interested in seeing the floorplan & specs etc, and they said we should try to meet up to look at these some time in the next few weeks when they will have more precise dates. In their email they included the estimated prices, but said that 'we may be able to 'look at a competitive deal for an early sale'...

On their website they have a Customer Charter, and it includes mention of 'off plan', so I am assuming that's what they meant (as opposed to being one of the first buyers when they're actually built).

So I'm just trying to gauge a). if I should buy off plan or wait; b). what areas I need to be careful of if I do, and c). what kind of discount I'm likely to get. I want to gat a good understanding of all this before I even meet them so I'm well informed.

I guess in terms of 'good value', stupid as this might sound, I'm not really that concerned about the market value. If I can get 4 bedroom place in exactly the location I want at a price that suits me and I can easily afford, then I guess I don't really mind if it's not genuinely 'discounted'. ~But obviously I do want to get it as cheap as possible!