We are making an offer on a house, the owner of whom wants a week of leeway as they are having a new home built.
Their new home site is currently a muddy field, not even footings in. They have been told 10-11 weeks from this weekend..(!)
I want to tell the people that the new house IS going to be later than they are informed, but the estate agent is also supporting the developers view of a 10 week build.
We are in a house that we have 3 months of leeway on the end of the rent – from 10 weeks time until August. This should be a real factor in our offer.
So, who has bought / builds new homes and can tell me how long typically from a few sticks in the ground to opening a door….? And what happens if the developer does not deliver on time?