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House buying muddle-advice please!
Nadia78
Posts: 7 Forumite
In a bit of a muddle.
Sold my flat and husbands flat in May, put offer in on new build in April/May and were suppose to move in in early September. This has been delayed and delayed and delayed and now looking like early December at best. Builder seams to be messing us about and appears to be cutting corners now. We have longstop date in contract of 16th October which I understand to mean if he can't provide NHBC certificate and state house will be ready for occupation within 10 days we can pull out and get deposit back-although that is probably easier said than done.
We have great 5year fixed rate deal that is booked on until 12th December and (I checked at weekend) is portable.
In current market prices have dropped quite a bit since April and things that were out of reach then are now affordable so we have looked at some more properties and fallen in love with 1. Its on market at £399,950 and I think has only recently gone on market, no idea what reason for sale is but it is ready immediately with no chain, it is clear that no one is living there. How low can we offer without being rude? 10% 15% off asking?
OR should we just stick with what we’ve got? Builder has taken a £5k reduction in price but won’t go any lower and feel we are paying over the odds now for it.
Any thoughts or advice gratefully received!
(sorry-rather long!)
Sold my flat and husbands flat in May, put offer in on new build in April/May and were suppose to move in in early September. This has been delayed and delayed and delayed and now looking like early December at best. Builder seams to be messing us about and appears to be cutting corners now. We have longstop date in contract of 16th October which I understand to mean if he can't provide NHBC certificate and state house will be ready for occupation within 10 days we can pull out and get deposit back-although that is probably easier said than done.
We have great 5year fixed rate deal that is booked on until 12th December and (I checked at weekend) is portable.
In current market prices have dropped quite a bit since April and things that were out of reach then are now affordable so we have looked at some more properties and fallen in love with 1. Its on market at £399,950 and I think has only recently gone on market, no idea what reason for sale is but it is ready immediately with no chain, it is clear that no one is living there. How low can we offer without being rude? 10% 15% off asking?
OR should we just stick with what we’ve got? Builder has taken a £5k reduction in price but won’t go any lower and feel we are paying over the odds now for it.
Any thoughts or advice gratefully received!
(sorry-rather long!)
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Comments
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35% off.
Watch their face drain.
Can you pull out without losing money?0 -
Its on market at £399,950 and I think has only recently gone on market, no idea what reason for sale is but it is ready immediately with no chain, it is clear that no one is living there. How low can we offer without being rude? 10% 15% off asking?
It's extremely difficult to know, without knowing where they've pitched the asking price. If they've pitched it "right" i.e. around what should currently be expected, then try 10% off. If they've overpriced it, then offer what you think it's worth.
Do you want to post a link to the Rightmove details?Warning ..... I'm a peri-menopausal axe-wielding maniac
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http://www.rightmove.co.uk/viewdetails-19417333.rsp?pa_n=1&tr_t=buy&mam_disp=true
I don't know how they have pitched it! There is quite a lot on in area at that sort of price, possibly with slightly better location as this is out in village.
poppysarah-I think we can pull out and only loose solicitors costs and survey fee (only £250 as it was new build)0 -
Is the house ex local authority?0
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The last semi to sell on Dyke Lane was number 2 - sold for £315,000 in August 2007.
Put the postcode of the property for sale into www.nethouseprices.com and have a look at the results.
If no 2 is anything like the one you're looking at, then £395k is way, way off the mark. But of course, the one you're looking at could be completely different.Warning ..... I'm a peri-menopausal axe-wielding maniac0 -
not more than 300k and watch their face drop again !0
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Debt_Free_Chick wrote: »The last semi to sell on Dyke Lane was number 2 - sold for £315,000 in August 2007.
Put the postcode of the property for sale into www.nethouseprices.com and have a look at the results.
If no 2 is anything like the one you're looking at, then £395k is way, way off the mark. But of course, the one you're looking at could be completely different.
It is number 2 BUT they have put large 2 storey extension on with 15' x14' bedroom & massive en-suite, 15' x 14' 'family room', extended kitchen, put in utility room and downstairs cloakroom.
I have offered £340k, they have turned it down but considering what their bottom offer would be...so I'll have to wait and see what they come back with. It's such a game and I'm not very good at it!0 -
I think £300K is ample for that house, I wouldn't be offering anymore than that, I don't think it is ex local authority, its a 1960/70's build.
Its lovely inside but the outside puts me off, IMHO.
Merlot.x."Wisdom doesn't automatically come with old age. Nothing does, except wrinkles. It's true, some wines improve with age. But only if the grapes were good in the first place." — Abigail Van Buren0
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