Land & New Homes
The Property Shop land team specialises in the sale and acquisition of land and buildings and in arranging joint ventures with or without planning consent. It operates from the guiding principle that anyone can sell land but it is knowing who will pay the best price, and why, that makes the difference.
The Property Shop land team can facilitate the introduction to key individuals and to the strongest potential purchasers, partners and funders.
At The Property Shop our professional team source prime sites to offer our clients.
If you are looking to develop or grow your land bank then it is worth speaking to one of our land specialists who will listen to your requirements and can help you with our search and acquisition service.
The process of buying a 'new home' or 'new build', whether finished or off plan is in many ways similar to any other property purchase. There can however be a few subtle differences that you will need to know.
The purchasing process starts from the completion and signing of a reservation where the purchaser will put down a reservation deposit which is often non-refundable and provide their solicitors details.
From the date of reservation the solicitors for both the developer and the purchaser will process the paperwork and proceed to an exchange of contracts which must formally take place within a specified period after the reservation - normally 28 days. When exchanging contracts the solicitor will ask for a deposit, which is usually 10% of the asking price.
This is a legally binding contract and once the contracts have been exchanged the property is then secured for the purchaser.
When making an off-plan purchase of a New Home the completion date is often many months and sometimes more than a year later. As the completion day approaches the developer and The Property Shop New Homes department will keep the buyer informed as to the progress of the construction and eventually the developer’s solicitors serve a formal ‘notice to complete’, usually ten days before.