Can I get a new build discount??

k1984

mrsnow101,

is it a flat or house you are looking at? and what area of the country? We are in a similar boat as yourself - looking at a new build flat on the market at £168k, decent deposit - unfortunetly the one we were looking at was taken off as they now have not anticipated completion date.

Would be interested to see what they accept tho for you?

Good luck anyway

SavingSteve

Was the 149k price set 12 months ago then?

If so you should be aiming at at least 15% off, start with an offer of 20% off or more.

nrsql

See what other places are going for in the area.
Depends how this is priced but I would have thought around £110k would be a reasonable offer and would expect to get it for £120-125.

Tell them you are negotiating other properties and be ready to walk away and ask them to call you if their situation changes.

love-the-inner-j00

Just to add my 2p worth. In Jan 09 I was looking at a new build end of terrace town house in the west mids. 3 stories, 5 bed, garage + 1 parking spot, initially as an investment but with a view of eventually moving in. House was completed March 2008 and all work on the small estate (mixture of houses, flats, plus social housing) has completed - so no longer a building site.

They have 3 out of the original 8 of these style of houses unsold (4 of them completed and sold in 2007). Marked originally for £240k - and houses before the price slump sold for the full asking price, in the sales office there marketed at £200k with a verbal that the developer would accept £180k. I offered £175k as a cash buyer and they accepted the same day. So you can look at that as £25k of current marketed price or £65k from original asking price. I almost wished I started lower :rotfl:.

I ended up walking as financially I felt I was stretching myself to far, even though I really liked the house and felt like it was a great bargin. - and wasn't over borrowing what got caused some of the current problems ::o. If the house is still there in the summer and I have a bigger deposit available I might go back to it - but I'll be starting at a lot lower than £175k

fitcrazy

mrsnow101 wrote: »

In an ideal world I would prefer to wait an extra 12 months before taking the plunge onto the property market... however personal circumstances have changed, and I would like some more space/security for my soon to be expanding family should a suitable opportunity become available. I appreciate many people will say 'hang on - dont buy yet!!' - we are not commiting to anything - we just want to see what our options are at this stage.

I've been looking at properties with a view to trying to achieve a big discount - we are FTB's with a sizable deposit, with good legal contacts which should ensure a speedy completion.

I am basically wondering if anyone has had any experiance lately of offering on new build properties. There is lots of gumph on the website regarding shared equity/cash back/interest free loans/free carpets etc... i'm not interested in any of this - I just want a reduced asking price.

Do I have scope to negotiate?? Has anyone managed to successfully negotiate a reduced price on a new build?? If so, what sort of reductions were you able to achieve??

We are just trying to arm ourselves with as much information as possible before deciding whether we should look at trying to progress to the next stage.

All contributions welcome!!

We have been trying to negotiate on a new build (not yet built) for the last 6 months and having not exchanged contracts with us, the builder has now put the price up 10k!!!!! We are clearly not happy! Doing a part ex though but its proving very very difficult and we are back at square one again! So, from my point of view, no, they are giving nothing off!

poppysarah

Walk away if they think they will sell them without giving a discount.