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What is the process of buying a new home?,

21st October 2020

Generally, you’ll find a development that you’d like to call home and buy from plans or a show house, usually from 3 to 6 months before completion. Once you reserve a property with the sales agent, be it apartment or house, you’ll pay a nominal refundable deposit. Contracts are then issued from the developers’ solicitors to your solicitor.

Once you sign your contracts, you’ll put down a payment of the balance up to 10% of the price (minus the deposit). Your purchase is now non-refundable, which is something to be aware of as a purchaser. Upon completion of the property, you can inspect and send in a surveyor to take a look over your new home, ensuring there aren’t any finishing defects. After the balance is paid off, the keys are yours and you can move into your new home!

By lisneyweb
21st October 2020
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