How much to offer on new builds

spidergirl_uk

I've seen flats for £215k and £190k and need to know how much to offer. I have a 15% deposit.

Advice please!!!

wigglebeena

the contents of your copper jar and the lint out of your bellybutton.

ray123

Offer them a rope and tell them to do the right thing

Cleaver

wigglebeena wrote: »

the contents of your copper jar and the lint out of your bellybutton.

Many of the Dooming Blackhearted Naysayers on here would think you a fool and advise you to just go in with the lint to start with.

JayScottGreenspan

A warning from history:
http://www.houseprices.co.uk/e.php?q=kelso+heights&n=100

Edit: http://www.rightmove.co.uk/property-for-sale/find.html?searchType=SALE&locationIdentifier=POSTCODE%5E498493&radius=0.0&displayPropertyType=&minBedrooms=&maxBedrooms=&minPrice=&maxPrice=&maxDaysSinceAdded=&includeSSTC=true&_includeSSTC=on&sortByPriceDescending=&primaryDisplayPropertyType=&secondaryDisplayPropertyType=&oldDisplayPropertyType=&oldPrimaryDisplayPropertyType=&oldSecondaryDisplayPropertyType=&newHome=&retirement=&auction=false&partBuyPartRent=false&x=60&y=19

Yoshua

Why so many childish answers, I say 50% asking price, The only sensible answer so far.

I am interested in a few new builds, I wouldnt offer more than 50% asking price.

ad9898_3

Don't bother, if you must, 25-30% of asking price.

Really2

spidergirl_uk wrote: »

I've seen flats for £215k and £190k and need to know how much to offer. I have a 15% deposit.

Advice please!!!

To tell you the truth your first problem is your deposit.

I really dont think you will get a mortgage for a new build flat with only 15% deposit. (most lenders on new build flats want at least 25%+)

Apart from that like the poster above 25-30%.

novazombie

Its not 15 grand she has got she has got 15%.

If they go low enough that 15% could be a lot more.

I agree with those who said offer 50% of the asking price.

I dont know if the other posters mean 20-30% OF the asking price so 100K asking offer 30K, or did they mean 30% OFF the asking price so 100K flat would be 70K offer.

I think they would bite your hand off if you offered only 30% OFF the asking price but you would regret paying so much. If you tried to sell it you wouldnt get anywhere near 50% what you paid.

ad9898_3

novazombie wrote: »

Its not 15 grand she has got she has got 15%.

If they go low enough that 15% could be a lot more.

I agree with those who said offer 50% of the asking price.

I dont know if the other posters mean 20-30% OF the asking price so 100K asking offer 30K, or did they mean 30% OFF the asking price so 100K flat would be 70K offer.

I think they would bite your hand off if you offered only 30% OFF the asking price but you would regret paying so much. If you tried to sell it you wouldnt get anywhere near 50% what you paid.

I meant 30% of the asking price, personally I wouldn't touch a new build flat for any price, these will become slums in the years ahead, add in stuff like service charges etc... it's a no-brainer. Give the crash a few more months and lots of decent terraced houses will be undercutting them, in fact in my area, it's already happening.

novazombie

ad9898 wrote: »

I meant 30% of the asking price, personally I wouldn't touch a new build flat for any price, these will become slums in the years ahead, add in stuff like service charges etc... it's a no-brainer. Give the crash a few more months and lots of decent terraced houses will be undercutting them, in fact in my area, it's already happening.

Couldnt agree more, very good post.

When the masses realise what you said is true, new build prices may fall 80% or more just like Japan had. This will have a knock on effect to other property.