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New Development Building Agreement - Contract Price

  • 04-09-2023 6:57pm
    #1
    ReddererMist
    Registered Users, Registered Users 2 Posts: 8 ✭


    Hi All,

    Buying in a new development, Phase 1. When I spoke to EA originally they gave me price of X. I have loan offer and have had valuation

    my solicitor received the Building agreement and the contract price stated in it is €20k less….

    Am I missing something really obvious? I’ve worked up VAT calculations etc but can’t reconcile the two numbers

    Questioning this with solicitor but in the meantime, if anyone has a reality check for me before I get excited about a unicorn house with a unicorn contract!!

    Thanks



Comments

  • #2
    Galwayhurl
    Registered Users, Registered Users 2 Posts: 275 ✭✭Galwayhurl


    Think the balance is in relation to the land.


    I.e. Pay x amount for buildings and y amount for the land it's situated on.


    Similar in our contracts. We're also buying new build.


    Your solicitor should surely know this.



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