new build houses

poppyangel

Hiya, am a newbie but have had some great advice from here before, was just wondering if anyone has any experience of whether offers are ever accepted on new build houses? We are hoping to do a part exchange with our property for a new build and was wondering if there is any leaway with making a lower offer than the price the builders are asking? Thank you.

03022242

20% has to be a minimum surely...if your not embarrassed to offer it, it aint low enough

hethmar

I know at one site they are taking offers £10-15k below the asking price of £250k and I reckon they could be pushed more now. Mind you, if they are taking your place in part exchange they may not be so keen to discount as they would be to a chain free buyer.

Treadmill

New builds on the development that I live on that are priced at 250K are selling for 200K, or probably less now as nethouseprices is three months behind.

I part exed on my house and got it down to 185K from 230K and got carpets etc so you'll still get a discount even if you part ex.

napoleon

poppyangel wrote: »

Hiya, am a newbie but have had some great advice from here before, was just wondering if anyone has any experience of whether offers are ever accepted on new build houses? We are hoping to do a part exchange with our property for a new build and was wondering if there is any leaway with making a lower offer than the price the builders are asking? Thank you.

Whatever you offer it'll be way too much.

niceguyed

There are some on here who would discourage buying new build full stop. I personally like to remain open minded especially as I bought one myself a few years back. Someone quoted on here; and I'm paraphrasing, that if the builder doesn't cry when they hear your offer then it was too high. The lower you negotiate the price the lower I'm sure they will value your current property. But in the current market you may have trouble getting rid anyway. Of course builders are accepting offers now. Do your research, have a price you are willing to pay, then knock 20-30 % off.

wymondham

niceguyed wrote: »

There are some on here who would discourage buying new build full stop.

I don't think anyone would argue with buying a new house now if you get the deal of the century.

If everyone is getting the same or similar reduction - say 20% off etc, then this is now the new expected baseline price to work from and you're not really getting any reduction unless you get far more off! The developer simply is not advertising their new normal price, but leaving it artifically high - you're just getting the occasional mug who's paying this high price!

Apart from build quality and size issues which are well known, new housing estates could well end up with problems in the future as the government pushes ahead with turning these ghost towns into unplanned social housing estates....

niceguyed

wymondham wrote: »

I don't think anyone would argue with buying a new house now if you get the deal of the century.

If everyone is getting the same or similar reduction - say 20% off etc, then this is now the new expected baseline price to work from and you're not really getting any reduction unless you get far more off! The developer simply is not advertising their new normal price, but leaving it artifically high - you're just getting the occasional mug who's paying this high price!

Apart from build quality and size issues which are well known, new housing estates could well end up with problems in the future as the government pushes ahead with turning these ghost towns into unplanned social housing estates....

I think the crux of the issue is it doesn't matter a jot what price the developers advertise at. Only what those are willing/can afford to pay. Newbuild or not.