Debate House Prices


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How much to offer on new builds

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  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    offer full asking price, but ask for 4.
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    chewmylegoff wrote: »
    offer full asking price, but ask for 4.

    ......and if you buy them altogether, you could live in either of the middle two and minimise the appalling acoustic problems that these places have.:D
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    ad9898 wrote: »
    ......and if you buy them altogether, you could live in either of the middle two and minimise the appalling acoustic problems that these places have.:D

    good point, if these are flats you'll need to be careful where they are in the building. ideally you want to be on a corner plot on the top floor, buy the flats either side and the one below the one you want to live in. you'll need ot use the central heating in the flat below to heat your flat.

    ask them to chuck in one on the ground floor as well for when the lift breaks down.
  • mitchaa
    mitchaa Posts: 4,487 Forumite
    50% asking price would just be wasting your time and energy.
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    mitchaa wrote: »
    50% asking price would just be wasting your time and energy.

    yeah.

    if you had cash, and you systematically went around the country offering 50% of the asking price on every new build you found, you might have a chance of getting one for that price eventually.

    but not if you're a FTB who needs a mortgage. they'll just tell you to go away.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    spidergirl_uk wrote: »
    I've seen flats for £215k and £190k and need to know how much to offer. I have a 15% deposit.

    Advice please!!!

    Sit back and watch the market. The only certainty at the moment is that prices aren't going to rise. You may well find that you can afford to buy something better in a few months time.
  • napoleon
    napoleon Posts: 611 Forumite
    spidergirl_uk wrote: »
    I've seen flats for £215k and £190k and need to know how much to offer. I have a 15% deposit.

    Advice please!!!
    Offer no more than 50% of the grossly inflated asking price. Bear in mind that as it's a new build it'll probably have fallen down within 10 years.
  • novazombie
    novazombie Posts: 327 Forumite
    mitchaa wrote: »
    50% asking price would just be wasting your time and energy.


    For once Mitchaa is right, 50% is far to much, you will be in negative equity in no time, even with a big deposit.
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    Thrugelmir wrote: »
    Sit back and watch the market. The only certainty at the moment is that prices aren't going to rise. You may well find that you can afford to buy something better in a few months time.

    As soon as it catches on, and I believe there are still huge amounts of people in denial, this statement above will ensure huge deflation in the market, and it can't come soon enough, the sellers in denial are just dragging this whole thing out much longer than it needs to be. There are only so many mugs about who will buy at todays prices, and these mugs are getting scarcer by the day. It's time to wake up and smell the coffee, 2007 has gone, 2006 has gone, in most areas 2005 has also gone. We are now well entrenched in 2004 prices in a large amount of areas, and it won't be long before this too has gone.

    The great unwind is gathering pace.
  • RDB
    RDB Posts: 872 Forumite
    ad9898 wrote: »
    As soon as it catches on, and I believe there are still huge amounts of people in denial, this statement above will ensure huge deflation in the market, and it can't come soon enough, the sellers in denial are just dragging this whole thing out much longer than it needs to be. There are only so many mugs about who will buy at todays prices, and these mugs are getting scarcer by the day. It's time to wake up and smell the coffee, 2007 has gone, 2006 has gone, in most areas 2005 has also gone. We are now well entrenched in 2004 prices in a large amount of areas, and it won't be long before this too has gone.

    The great unwind is gathering pace.


    Forget 2004, this is going to be the worst depression for 100yrs.

    With interest rates about to shoot up, house sellers could only dream about 2004 prices.
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