Newbuild discount

surhattie

Anyone had experience of developers incentives for new properties particularly Wimpey. 5% seems standard, anyone blagged double digit discount?

plane_boy2000

Bought a new build last year and manged to get stamp duty paid £9750, carpets - about £3K, and gardens turffed - about £1K so £13750 on a £325K house about 4%. Depends on lots of things though like plot, stage of build etc, although my neighbour works for Wimpey and told me that she sold the house around the corner which had an asking of £299 for £249. It was a bad plot, and at christmas, but apparently wimpy are very keen to do a deal at the moment and will sell you a house to fit your budget i.e if you tell them you have X to spend but want that house they will try to find a way of making it affordable.

mystic_trev

I'd ask them for a 40% discount, because that's what it will probably be worth in 5 years time!

Doozergirl

We managed to negotitate a new build down from £299,000 to £249,000 over a period of a few weeks. It has to be a plot that they're already offering plenty of incentives on though as they're already desperate to shift it.

It's very easyto ask if there's much movement on the price. If they're already offering 5% across the board, then that's the REAL price of the property isn't it? You have to try and get more, but you need to be in a strong position (ready to proceed) to even try.

surhattie

mystic_trev wrote:

I'd ask them for a 40% discount, because that's what it will probably be worth in 5 years time!

Not convinced with your maths on that one!