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Can you agree developer will finish?

  • 22-04-2012 9:31pm
    #1
    Tim Robbins
    Registered Users, Registered Users 2 Posts: 9,026 ✭✭✭


    Hi,
    The house I am looking at is on a half finished cul de sac. The builder is about to put the foundations down on the remaining houses but where I currently live, the developer downed tools when the last apartment block was half finished and hasn't picked the tools back up in the last four years and has no intent on finishing the place off.

    I am worried the same will happen again, and it is a worry because young kids next door to a building site means danger.

    Is there any way you can make an agreement when the developer will finish the road when you close?

    Many thanks.


Comments

  • #2
    DOCARCH
    Moderators, Home & Garden Moderators, Science, Health & Environment Moderators Posts: 18,747 Mod ✭✭✭✭DOCARCH


    I doubt it (that you can get some agreement) but the fact that the developer is about to start putting down foundations, at this time, the developer obviously has some confidence in completing and selling the houses.


  • #3
    BryanF
    Moderators, Home & Garden Moderators Posts: 10,146 Mod ✭✭✭✭BryanF


    OP,
    check with council re developer moneys retained for such works
    and explain your fears to the developer, perhaps you could come to some arrangement that a % of the sale price is retained by you until the roads etc are complete - this will hardly work, but perhaps a variation of it will - and at least the developer would feel the need to reassure you:)


  • #4
    DBM123
    Closed Accounts Posts: 2 ✭DBM123


    Walk away, dont look back, you have to realise that the builder/developer/auctioneer want your money in their bank accounts they do not give a damn about you or your worries no matter how nice or sound they are. The promises are empty and once you sign the document you are up ****e creek because they will not darken your door again.

    Keep your money, go and look at completed houses or houses that are at builders finish stage, if interested go and view them, if still interested offer less than half of what the seller wants, and go slowly from there. Every grand you spend will take at least two weeks of your hard work to give back to the bank. I have been involved in rental property but, thank God we've sold out of all that crap 2 yrs back, we are buying a new home now out in the sticks for our family, its complete will all green tech installed, and I reckon it will take about 8 to 12 months for us to close the deal as we drag the seller and auctioneer closer to our price. Dont give them anything...walk away from that dogs dinner of an estate...good luck!


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