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    • maddapple
    • By maddapple 7th Dec 17, 10:01 PM
    • 47Posts
    • 29Thanks
    maddapple
    Part Exchange offer from Builder
    • #1
    • 7th Dec 17, 10:01 PM
    Part Exchange offer from Builder 7th Dec 17 at 10:01 PM
    We are interested in a new build property and as we have our own place to sell we took up an offer of a part exchange valuation, the offer the the builder has made is very low compared to other valuation on our property and previous selling prices on neighbouring properties, so we are going to reject the offer.
    Does anyone know if itís standard for the builder to make additional offers or would it tend to be a one off take it or leave it offer?
Page 1
    • tt07
    • By tt07 7th Dec 17, 10:48 PM
    • 85 Posts
    • 30 Thanks
    tt07
    • #2
    • 7th Dec 17, 10:48 PM
    • #2
    • 7th Dec 17, 10:48 PM
    It is generally lower than market rate as they will want a margin and protect themselves from needing to drop the price to sell, we recently had a p/x offer and estate agent fees paid deal, we were able to keep the house on market until roof on, if we sold before then for we could take that but always had the PX fall back, we also negotiated incentives so that numbers wise we got what we wanted for our house although the PX was low numbers it was made up by incentives

    Fortunately we sold it and got a touch more than p/x so it’s worked out nicely.

    I got the feeling the p/x price was not negotiable, we did get movement on other incentives which helped take the sting out the lower offer.
    • maddapple
    • By maddapple 8th Dec 17, 10:12 AM
    • 47 Posts
    • 29 Thanks
    maddapple
    • #3
    • 8th Dec 17, 10:12 AM
    • #3
    • 8th Dec 17, 10:12 AM
    Thank you for your reply, I do realise that they will want to protect themselves but on this occasion the difference between offer and other valuations/sales is £45k, and that just seems a little excessive.
    But if that's the final offer then so be it.
    • gardner1
    • By gardner1 8th Dec 17, 10:15 AM
    • 2,236 Posts
    • 3,312 Thanks
    gardner1
    • #4
    • 8th Dec 17, 10:15 AM
    • #4
    • 8th Dec 17, 10:15 AM
    Its like buying a new car. ....dealer will make low offer for your old one and if it is a good offer the new one is overpriced
    • tt07
    • By tt07 8th Dec 17, 1:21 PM
    • 85 Posts
    • 30 Thanks
    tt07
    • #5
    • 8th Dec 17, 1:21 PM
    • #5
    • 8th Dec 17, 1:21 PM
    Thank you for your reply, I do realise that they will want to protect themselves but on this occasion the difference between offer and other valuations/sales is £45k, and that just seems a little excessive.
    But if that's the final offer then so be it.
    Originally posted by maddapple
    That’s a huge delta or an expensive house your selling

    You’d be going some to manage that gap with incentives!
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