Buying an apartment - not built yet

[dillsquatt]

We are thinking of buying a 2 bed apartment in a development but not all built yet. What are the pitfalls and what to look out before we go ahead? We have to pay 10% in order to secure but just nervous about it as a whole new experience.

Would prefer not the mention the development but happy with area etc. but not sure what else we need to look out for.

thanks

 

[noproblem]

I'm not going to advise you, but will be sitting back to enjoy the answers you may get. As a matter of interest, what do you yourself think might be some of the pitfalls?

 

[dillsquatt]

I guess my only worry would be the buildings not getting completed and losing the deposit!

 

[Sunny]

Buying houses or apartments off the plans is pretty standard. What exactly are you afraid of? Usually deposits at the contract signing stage are paid into solicitor accounts so there should be no problem getting the money back.