How fast can you move into a new build?

How fast can you move into a new build?

All this does take time, and while it has sometimes been achieved within less than 3 weeks, it is much more normal for it to take around 6-8 weeks.

What happens when you move into a new build?

Moving into any new build properties means you need to check the paperwork carefully. Your Conveyancer or solicitor will request the essential documentation from the developer/builder and should receive everything before the day of completion.

Can you walk away from a new build?

No, you cannot back out of a new construction home contract, because it is a legally binding contract between the builder and the buyer. However, there are some options for the buyer to take on a loss and move on without the new build.

Why you should never buy a new build?

Typically new builds go down in price after you buy them, a bit like a car. This is because new builds have the premium price tag that’s out of character for the area, so they come down before they go up – meaning it can take a while to start seeing any equity in your property.

Are new builds overpriced?

Are new builds more expensive? Yes. According to 2019 data from the Land Registry, the average price of a new build is 29% greater than existing housing.