Making an offer on 'off plan' new build..?

Idiophreak

jade1986 wrote: »

She was then playing around on her calculator and said that with giving us the 5% deposit, carpets, appliances etc, she could only really give the £4k off which she mentioned originally.. £118,995.

I told her that was more than our absolute maximum, and she just said 'well I'll keep your details' etc etc

Not sure what to do now..

Wouldn't let it bother you too much. What you do next will be a bit of a contentious issue. Most people on here will say "just wait, in 5 years time when nobody's bought it, they'll bite your hand off at your current offer".

Personally, however, I'd give it a few days then stick another offer in. Them saying they wouldn't accept lower offers is quite different to them actually having the cold, hard, offer sat in front of them.

People selling our place always said they wouldn't accept lower than the asking price, but ended up accepting our offer which was > 10% less.

jade1986

Idiophreak wrote: »

Personally, however, I'd give it a few days then stick another offer in. Them saying they wouldn't accept lower offers is quite different to them actually having the cold, hard, offer sat in front of them.

Thanks for this, I was thinking maybe wait until this time next week and then put in £110k, but didn't know whether that looked a bit desperate. Hopefully they might come back to us!

Idiophreak

jade1986 wrote: »

Thanks for this, I was thinking maybe wait until this time next week and then put in £110k, but didn't know whether that looked a bit desperate. Hopefully they might come back to us!

Assuming 110 is your max, I wouldn't go with that next. Go with 105 or maybe 107, then you can up it to 110 if you need to ... Showing that you're "slowing down" lets them know the offers are drying up. A 10k leap is a lot at this level.

purplebuzz

When we were offering on a new build (not off plan, nearly finished) we put an offer in which was turned down, we then decided on a completley different (non new build) property so never went back to them to up our offer.

They then rang us 2 weeks later to ask if we could talk figures again. I think that as they were near their year end and they had a nearly finished property which was potentially going to be sitting empty they were prepared to re-negotiate.

I think that with off-plan properties they potentially have longer to sell so wouldn't neccessarily follow everyone up unless they thought they could get what they wanted for them.

So I think that you should wait till about Wednesday next week and potentially ring them again.

jade1986

Idiophreak wrote: »

Assuming 110 is your max, I wouldn't go with that next. Go with 105 or maybe 107, then you can up it to 110 if you need to ... Showing that you're "slowing down" lets them know the offers are drying up. A 10k leap is a lot at this level.

Yes you're right.. We wouldn't go any higher than £110k, that would be our final offer, so yes I can see it probably wouldn't be the best idea to go to that figure next.

However, I wouldn't be able to help but feel a little silly speaking to her again on the phone after making yet another offer, when she has said that the £118,995 is as far as they would go?

Idiophreak

jade1986 wrote: »

However, I wouldn't be able to help but feel a little silly speaking to her again on the phone after making yet another offer, when she has said that the £118,995 is as far as they would go?

You'd be silly to rush straight to your maximum, or, indeed, to their demands.

If you're embarrassed speaking to her on the phone, take one of the offer templates off this site and pop it in the post. These places most often have weekly meetings and they'll have to discuss each offer you put in.