New Build - What to offer?

Markyboy1972

Cool - do you want a photo to go with it?!

Sorry Cleaver, took it literally.... off to read my new book 'Tone and how to understand it in the written form'

Cleaver

dodgy wrote: »

I'm not trying to make money, I'm trying to move my new family to a location that they want to be in. I'm fortunate that we own our current house, and fortunate that it gives me some options that may not be open to other people. It doesn't, however, mean that I want to be fleeced, nor does it mean that what I am proposing will be easy for us. It does mean that I am looking for advice from people who know better than me and that was what I was hoping for rather than responses that tell me I'm not welcome in this forum.

Sorry Dodgy, I was only being sarcastic. My view is if you need to move, can afford it and are getting a deal you're happy with then go for it. I possibly wouldn't be buying now, but I don't have a baby son so that puts a whole other angle on things.

Cleaver

Markyboy1972 wrote: »

Sorry Cleaver, took it literally.... off to read my new book 'Tone and how to understand it in the written form'

Can I borrow it when you've finished?

I'll lend you my copy of 'Annoying Internet Sarcasm for Dummies' in return.

ray123

Dont take it personally, most of the people on this section of the forum probably think that the world is going to end tomorrow (ITS NOT)... You could offer 2 small fish and 5 loaves of bread or a handful of magic beans.

Seriously, the advice within the thread quite rightly says to go in low, I would say 25% discount and negotiate from there. If it does not work out, there are plently more properties around.
There are a couple of other issued to take into consideration:
1) The house is not yet complete. Why commit to something that is unfinished, the market might come down by July or you might find something better in this period.
2) I am not convinced that this house was the last to be sold. This is what all the secondhand car salesman say. Furthermore, if all but one of the properties have been sold, I would not drop the price of the last property by £80k, it seems illogical!
3) If all the properties have been sold, who has bought them - could it be the local authority, as this might lead to problem neighbours.

I hope it all works out, however you decide to proceed. Here is a website that might help:
http://whatconsumer.co.uk/buying-a-new-build-home/
for example, The time taken to finish building, despite promises of a much earlier completion date, having sold their old home and paid a significant deposit.

Good luck.

stonethrower

If you have any friends in the building trade bring them around to view it, new builds are often made to a shocking standard (especially flats)

johncolescarr

dodgy wrote: »

I'm not trying to make money, I'm trying to move my new family to a location that they want to be in. I'm fortunate that we own our current house, and fortunate that it gives me some options that may not be open to other people. It doesn't, however, mean that I want to be fleeced, nor does it mean that what I am proposing will be easy for us. It does mean that I am looking for advice from people who know better than me and that was what I was hoping for rather than responses that tell me I'm not welcome in this forum.

Many people will disagree with my take on this and I'm sure I will receive many negative comments but...

Each property must be considered by its merits. Over the long term, history has shown that property generally increases. If you bought at the top of the last housing boom, your property would still be worth more today and will be worth more in the future.

Ultimately, its what is important to you that counts. For example, if the property is in a desirable area, close to good schools, friends and family and you would like to live there then why not buy? Those who are interested in their houses as pure investments are sadly missing out on enjoying their portfolio as a home.

Of course, house prices still appear to be on a downward trend and waiting a while may give you a better deal. But if you want to enjoy your new home in the meantime and risk taking a hit on the capital value in the short term then I really don't see that as a problem. Staying in your current home will also lead to a depreciation in its capital value.

In answer to your question, you should always ask for more money off! The worst that can happen is they refuse, you can raise any rejected offer, but you cant reduce it. I would suggest using all of the tools on this website to gauge as accurate a picture on its value, decide on a value you would be willing to pay, then go in 10-15% lower than that value.

And if you are happy to wait another 6 months or so and see what happens, this is a sound approach also.

Despite all of the predictions, no one knows how long it will take for the market to recover, or whether there comes another external force in the future that pushes the price up or down in the near, mid or long term future

ad44downey

stonethrower wrote: »

If you have any friends in the building trade bring them around to view it, new builds are often made to a shocking standard (especially flats)

It'll probably fall down within ten years.

Really2

stonethrower wrote: »

If you have any friends in the building trade bring them around to view it, new builds are often made to a shocking standard (especially flats)

Why are they cheaper to insure than any other house?

mewbie_2

Really2 wrote: »

Why are they cheaper to insure than any other house?

Because they are cheaper to rebuild - lot of single skin and chipboard, cheap materials?

Really2

mewbie wrote: »

Because they are cheaper to rebuild - lot of single skin and chipboard, cheap materials?

I thought it was newer electicals, less likely to burn down due to better fire regs etc.

How many new houses fall down/ move compared to older houses?

I thought footing were deeper than ever before and movement is the greatest cause for structral failure.

I thought compared to 50's - 80's houses they were built like castles.:)