Contract renegotiate ?

[jamesgm]

I signed contracts in Feb for a €365K new 4 bed semi in Westmeath and paid my 10% deposit.

The house will not be complete until Aug timeframe by which time listening to all the current doomsday reports my new house will be worth alot less that what I agreed to pay for it - can I go back and renegotiate a better deal without losing my deposit or do I just have to take the hit ?

I need the house and even if I think by August its worth less than the €365K its unlikely I would pull out and write off the 20K.

James.

 

[doberden]

If the developer is having difficulty selling the houses they won't want to put it back on the market again so it's always worth trying to negotiate.

 

[conor_mc]

You've signed contracts - the house is effectively yours now and the developer can pursue you through the courts if you pull out. It's not just your deposit at risk.