How much to offer for a new build?

wysiwyg78

we've seen a new build that we like that is on the market for £229,950. I'm not sure what offer to go in with. If it was a second hand house I would probably go in with 10 - 5% off, but I feel like being really cheeky and asking for 15% off. I don't want to !!!! the developer off and make him think we're not serious buyers.

Any opinions?

Thanks
Wysi

1echidna

To me it all depends on how keen you think the asking price is. I would offer a little below what you think the house is worth and come up a little if refused but after a decent interval and if you didn't find something that seems better for you in the interval.

wymondham

why not go for 15%? - they can only say no, nothing lost. Keep in mind you're paying a premium for a new build...

R&C

Go for it! My friend has just had an offer of £215k accepted on a new build advertised at £250k.

charliee_3

chances are the mortgage company will undervalue it anyway... so what have you got to lose???

gabyjane

how big is it? how much are similar houses going for? we have a new build and i LOVE it!! try your luck they can only say no!! good luck

Dazsharps

What is the builder? Persimmon, Barratt? etc etc

How big is it and which area of the country is it in ie. south, north west etc etc?

chickmug

My opinion, if you want to end up with the best price as a buyer, is: -

1) Do NOT from any emotional attachment to the seller or the agent.
2) Do not waffle when making the offer so thus NOT giving away your hand.
3) Always go in very very low. Experience shows me, time after time, those that start very very low end up paying less than those who try and make a fairer offer.
4) So go in low and if you do a deal great but if not have the courage to walk away as there will usually be another seller who is so desperate that you will get there, with a bargain, but have patience.

SandC

Developers expect to haggle. If they get someone coming along offering asking price they rub their hands together with glee at how easy it was - like car sales persons....

Offer low. You have nothing to lose. Developer will not form any opinion on you based on making a cheeky offer before settling on one that suits all parties. They will form opinions on the wishy washy, the rude and the ones who expect something for nothing.

BTW, why do you consider 'a second hand' house to be more worthy of haggling than a new build? You are bothered what a developer thinks but not what a private owner would think?

wysiwyg78

Thanks for the advice. what I meant by my earlier post was that I feel that it's more acceptable to go in lower for a new build than a second-hand one, as the vendors often find it difficult to be objective about an offer. Whereas a developer marks up the price and already knows what the absolute lowest price they can sell for.

I was thinking of going in with £185 and see what they come back with.

Wish me luck!
Wysi

F_T_Buyer

Any reply Wys?