Why am I able to exchange contracts on a brand new property from a developer in 2 or 3 weeks but a re-sale usually takes at least twice as long?
The developers have all the necessary information ready for your solicitors before you start and are able to answer any questions themselves. Delays can occur particularly with leasehold property where there is a need to confirm the previous charges and alike with the management company, as a brand new property has no history.
Related Questions
- Why am I able to exchange contracts on a brand new property from a developer in 2 or 3 weeks but a re-sale usually takes at least twice as long?
- What exchange language do I need to include in the Contracts to Sell and Purchase property in an exchange?
- What happens if I am not able to provide 10% of the purchase price to exchange contracts?
