Were you one of the ones that bought off plan in ’06 / ’07 at the height of the property boom and now face coming into ownership of a property valued at much less than you started out with?
Cutting your losses and losing a deposit of up to and over €10,000 might be better than facing negative equity. However, if you like many others still want to go ahead with the purchase of your new home and don’t want to face losing your valued deposit there can be grounds to haggle.
Developers now are keener than ever to keep a buyer rather than deal with the prospect of losing them. You should contact your Solicitor and or a Selling Agent in order to review your contract, building agreement and selling prices of properties in your area to get hold of a reduction in the price for your home.
