Trying to do a deal on a new build, our offer refused, how should we respond ?

masonj3

Thanks Hethmar x

Jumping back to my last post on this thread, we've still not heard anything from Persimmon, should we be reminding them from time to time of our offer or will they have kept our details ??

A bit worried about them forgetting us - as mentioned previously although dounted our offer would be accepted we had hoped it may trigger some negotiations

Any thoughts / advice very much appreciated
Cheers x

hethmar

Its only a week isnt it mason? Wait a while, the houses arent flying off the shelf

uk_steve

Hi Masonj3

i got refused recently as well

my offer was with a George Wimpy New Build site nr my hometown it was semi detached 4/5 bedroom houses asking price was 210,000 they said they take around 185,000 per unit.

My offer was 174,999 each because i was prepared to buy 2 and wanted to be under the stamp duty , they said we will get a mortgage broker they use to make sure i could do it,i allready knew i was fine because i spoke to my normal mortgage man before hand
I had 140k cash as well to put down 70k on each (everything come clean as i expected) ...i was surprized a few days later to get a tell call to say sorry we will not sell less then 185,000 each ...... silly move if you ask me because my guess next year they be saying please buy them for 175,000 each

(I totally aggree next year prices will be cheaper so i am in no rush to invest unless the price is right for my plans this year)

100% wait...you and other buyers have the cards IMO

poppysarah

If they won't accept then don't increase your offer.

They need to sell much more than you need to buy.

PasturesNew

They won't have forgotten your details. It's the only name/address in their empty diary.

It's coming up to their year end for a lot (31/Dec), they might be keen to get a sale put through before the end of December almost at any cost.

Wait. That is what they're doing. They play this game all the time. A golden rule in sales is: "He who speaks first, loses"

Jaymz

Walk away and go back in a month offering a huge amount less.

They will be regretting not accepting your first offer. The cards are in your hand

brit1234

Walk away and have a look in six months. Most builders are in debt and at some time they have to pay that off. They will have to sell cheaper in the not to distant future or they have to declare themselves bankrupt.

Be patient.

Premier_2

masonj3 wrote: »

...On a previous thread about this we were advised to offer at least 20% off the asking price...

Don't forget:

9.3...you must remember that we operate an open forum and sometimes messages are posted that are misleading, deceptive, or downright wrong. You should not therefore rely on information being accurate or complete. If you do, you do so at your own risk.

http://www.moneysavingexpert.com/site/terms-conditions

confused31_2

Patience, just wait they will be on the phone to you very soon, i wouldnt pay anymore than 199,000 for a new build thats marketed at 250,000 pounds.

New builds are the worst effected.

confused

PandaPants_2

I'm in the same kind of situation. Interested in an apartment, dropped from £105 to £75. However, I'm not willing to pay more than £68. I've told them if the price comes down that I'm interested, so I'm sitting back and waiting.If they drop I'll buy, if not I'm not in any rush.