How much to offer on new builds

davilown

kier333 wrote: »

Well if the flats are currently advertised for 120k then i suspect you would currently get a 20% discount anyway.

I think you will find on this orum many people live in a unrealistic work ie, 70% drops from highs, it will never happen.

But then you've just bought a one bed flat for £155k so you would say (hope) that.

Trust_2

going back to the original thread, has anyone actually bought a flat/apartment for anything greater than 20% off the advertised price.

So advertised presently (Not 2005 price) at say £150000 and actually paid less than £120000

As all I have seen are lowering their prices month in month out on their pricelists.

kier333

davilown wrote: »

But then you've just bought a one bed flat for £155k so you would say (hope) that.

Sorry davilown, i'm missing your point? Please expand

kier333

Trust wrote: »

going back to the original thread, has anyone actually bought a flat/apartment for anything greater than 20% off the advertised price.

So advertised presently (Not 2005 price) at say £150000 and actually paid less than £120000

As all I have seen are lowering their prices month in month out on their pricelists.

Well i got 12.5% of a 1 bed flat that had been on the market a week at Jan 2009 price the same flat would have sold for 190k and in fact one did below Feb 2008.

I have also purchased a property in London which i beleive is a compltly different market, ie a 1 bed bed selling for 155k feb 09 although i have also bought a 20yr old flat with low service charge so not dropped as much.

I think it all depends on location.

http://www.nethouseprices.com/index.php?con=sold_prices_street_detail&street=GRATTON+TERRACE&locality=BARNET&town=LONDON&cCode=EW&year=All&house_style=All&house_age=All&search_radius=&outcode=NW2&incode=6PF

Trust_2

Thanks Kier333

I am just looking at price ideas same as everyone else

I have viewed 1 bedroom apartments with fairly high service charge but good fantastic location for £110000 but what do I offer, no mortgage involved here so is £80k realistic or lower

You can always come up but never back down, so ideas needed

kier333

Trust wrote: »

Thanks Kier333

I am just looking at price ideas same as everyone else

I have viewed 1 bedroom apartments with fairly high service charge but good fantastic location for £110000 but what do I offer, no mortgage involved here so is £80k realistic or lower

You can always come up but never back down, so ideas needed

Yes if a new build then offer something around that to start however, many on here would make you think you could purchase the mentioned flat for 55k, rubbish i expect you will end up paying around the low to mid 90's but hey give an offer of 80k to start.

Good luck

Trust_2

Thanks for the info, and this is real time,

Offered £80 and they have come back with £90 so will settle around mid 80's

Yes New build, brand new... same size flat in same development sold for £180000 18 months ago. poor people

kier333

Trust wrote: »

Thanks for the info, and this is real time,

Offered £80 and they have come back with £90 so will settle around mid 80's

Yes New build, brand new... same size flat in same development sold for £180000 18 months ago. poor people

Well sounds like a bargain then, may i ask the area? Fingers x its London, i'll drop out of mine and buy one.

davilown

kier333 wrote: »

Can you point me in the direction of the 300k flats in London that are now 150k.

Do you have any real understanding of the London market?

I think 20% is more realistic drop currently not 50%

Expanded

Trust_2

sorry

Cardiff Bay!