Hello Everybody,
Just wondered how many of you are currently in the position of having a final large payment installment (80-90%) coming up after having put down a small deposit some time in the past. In the current climate is it worth attempting to force the developer to renegotiate your original contract so that the total price is, say, 10% lower?
In many cases these developers are still selling new flats off plan - and may well be struggling. I'm guessing that the last thing they'd want is a lot of previous buyers walking away from the deal after having only put down 10%. It will leave them massively out of pocket.
What do you think?
Just wondered how many of you are currently in the position of having a final large payment installment (80-90%) coming up after having put down a small deposit some time in the past. In the current climate is it worth attempting to force the developer to renegotiate your original contract so that the total price is, say, 10% lower?
In many cases these developers are still selling new flats off plan - and may well be struggling. I'm guessing that the last thing they'd want is a lot of previous buyers walking away from the deal after having only put down 10%. It will leave them massively out of pocket.
What do you think?