Buying new, do you negotiate?

beduffrich

Hi can anyone advise me. I'm looking at buying a new home from Persimmon. How do they react to negotiations and lower offers? The House I'm looking at is 165K but I cant afford that would they accept a knock down offer?

Bermuda_John

how mcuh are you ooking to pay

could get it for 155k in my opinion

beduffrich

well I've also seen it as home of the week for 150K. looking to pay more like 130

westv

beduffrich wrote: »

Hi can anyone advise me. I'm looking at buying a new home from Persimmon. How do they react to negotiations and lower offers? The House I'm looking at is 165K but I cant afford that would they accept a knock down offer?

Whenever buying or renting property you should always try to negotiate a lower price.

beduffrich

westv wrote: »

Whenever buying or renting property you should always try to negotiate a lower price.

Yes but do they respond well? How much should I offer and how much is achievable after negotiations? I'm looking for people that have bought a house to tell me not people stating the obvious of it depends on the market. If anyone has any real examples please share them.

BenL

They are sales people, they will probably fake a laugh, pretend to ring the regional manager come back asking you to go up a few more grand.

You'll go up, they'll agree and be happy that you have paid more than what they wanted.

Your banks surveyor will view the property (or the field where it might be built if they get around to it) and say they won't lend you enough.

You will then take the survey to the sales office and they will agree that price or try to get you into some sort of %age agreement on the property another flavour of the months scheme to get around mortgage valautions.

£130K might be on the money after the above stages.

Is the house ready?

Don't use their solicitors or financial advisors. Get your own who work for you.

Good luck

knightstyle

On a new build you are more likely to get free extras than a big discount, this is because the selling agents are on commission and if they obtain a certain price they get extra commission, well that is how it was a few years ago.
So push for things like carpets, higher spec fittings, garden works etc.
The other thing to ask about is an interest free loan from the builder for, say, 15% of the price for 10 years, this is what our daughter just got.

marcg

As I just said on a another thread - I used to work for a housebuilder. The key is being willing to sign on the dotted line and pay the deposit immediately. With buyers so scarce at the moment this will get you almost any deal you want. Make the offer, stand firm and wave your credit card at them.

Bufger

beduffrich wrote: »

Yes but do they respond well? How much should I offer and how much is achievable after negotiations? I'm looking for people that have bought a house to tell me not people stating the obvious of it depends on the market. If anyone has any real examples please share them.

Most of us here have all bought houses. Each one is different as each builders are different. I only got 7%, a few months ago i read someone got 19% off and i expect some have got even more than that. Depends on many factors and there really isnt any way we can tell you what they would go for.

Personally i would try 20% and then end on 10-12% but thats just me. 10% seems to be the average lately.

beduffrich

Thanks to all the constructive messages. I was worried that people would say well it depends on this and that, but you guys have given me definitive answers. Thanks very much.