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Buying a New Build?? Please help
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A quick browse on Property-Bee indicates that some of the new builds that I watch have been reduced to £174,995 today.0
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New-builds loose 25-30% of the value the day you move in.
Mine did not :-))
3 bed new build for £82,500 how many years ago??
Just one!!
Houses have been valued at £100K.Lets get this straight. Say my house is worth £100K, it drops £20K and I complain but I should not complain when I actually pay £200K via a mortgage:rolleyes:0 -
Based on some of the suggestions here on MSE and considering 30% of the value of the new build will be wiped out. Are you guys saying...for 340K new build I should put an offer of 238K? Isn't that way too low? Won't they laugh at me or push me out of the door?0
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Try, be cheeky, you'll not be breaking any laws. When I saw on the survey what the cost of the rebuild of my house would be and what they had aske dfor it, it was a real shock! What's the worst that can happen?0
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Andy_Hamilton wrote: »Mine did not :-))
3 bed new build for £82,500 how many years ago??
Just one!!
Houses have been valued at £100K.
Ok, now try and sell it at 100K and then we'll see the true figuresIf you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
My house was bought through a joint council and Barratt build. At the time the value of the house was £125K so the discount was set in stone at 34%. When I sell it I have to pass on the discount so to get £100K, the house would have to be valued at £150K. This is not likely (still think it's only worth £120K) but people are queing up to buy these houses and mortgage companies have no problem lending £100K for these houses. For a home in the village it's about the £100K mark for a 3 bed house of the same standard.
It does not bother me as its a home not a money box, in a few years I'll be moving upwards but this house will never be sold. £80K mortgage on £120K house.Lets get this straight. Say my house is worth £100K, it drops £20K and I complain but I should not complain when I actually pay £200K via a mortgage:rolleyes:0 -
When I saw on the survey what the cost of the rebuild of my house would be and what they had aske dfor it, it was a real shock!
That's because you haven't taken into account the value of the land the house sits on and one reason a two bed house costs £1 million in Chelsea and tuppence in S!!!!horpe.
I'm about to sell a house that has a market value less than it's insured rebuilding costs such is the market at the moment.Signature on holiday for two weeks0
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