FTB negotiations on new build

Doozergirl

If you can't negotiate less than 5% off the asking price, I can personally come around and beat you with a wet fish.

I'd be offering less than £175,000 but if that's what you want to pay, then make that your offer and stick to it. Tell them that's all that's is in the pot, whatever you like but do not budge up from that point.

Make sure your mortgage is arranged in principle and show that you are ready to go. They may take a little while because they know that people mostly don't play hardball and will give in when bullied a bit.

Stick to it and they will accept.

HxBro

Offer 160k and work from there, or look at similar properties (not new build) and see how much they are selling for and offer the same or a bit under those.

SouthCoast

I'll ask for advice from people who live in the real world,

:T
:beer:

ad44downey

piefacerecords wrote: »

4 more years of renting = about £35k of dead money. !

The interest payments on your mortgage are dead money also. The payments to reduce the capital may not be. But in the current market you would be paying for a depreciating asset.

Natty082

Can I ask who the developer is? When you say shared ownership is it one of these 75% / 25% things?

wymondham

piefacerecords wrote: »

Gosh, what a miserable lot you are! I'll ask for advice from people who live in the real world, where people actually buy houses to live in, not hang on for years and postpone progress in their life just to save a few quid.

You call it miserable, I'll call it being realistic. We'll have to agree to disagree on this

tootiefrooties

wymondham wrote: »

You call it miserable, I'll call it being realistic. We'll have to agree to disagree on this, but remember you asked for opinions

I asked for advice on getting the price down actually, and specifically asked not to be nagged by people who wouldn't buy a shared ownership- so not quite right i'm afraid

But thank you to people who have offered suggestions - we do have an agreement in principle to take with us, so hopefully that will help. And I was thinking of starting with a low offer and ending up somewhere about 10% below asking price (or better, you never know...)

Cheers everyone!

Chris2685

Let us know if they accept a lower offer on a shared ownership place, I would be interested to find out because there are a hell of a lot of over-valued (in my opinion!) one's around here!

ad44downey

piefacerecords wrote: »

I asked for advice on getting the price down !

Show them a copy of any national newspaper then. If you can find an article in any of them in which there are not firm predictions of 20% further house price falls then you're a better man/woman than me.

hethmar

Dont snatch their hand off when they first make you a lower offer, perhaps it would be helpful if you turned up at the sales office with a few brochures for other new builds or properties in your hands, just to let them see they have some competition.

Good luck. If its what you want, I hope you will be sorted