Persimmon over-valued newbuild

bitsandpieces

tb1105 wrote: »

Ours is terraced (are these cheaper than semi?)

Yes - terraced do tend to be cheaper than semis (if otherwise the same). Also, are the houses the same size? - are the semi's not a bit bigger.

Unless prices have gone up since Nov, it's not surprising that the surveyor is valuing a terraced house as less than a semi (trying to get it valued for a couple of grand more than a semi sold for a couple of months ago does seem a touch optimistic, unless there's been growth in prices). If there have been price rises, though, this may change things.

Personally, I'd use the valuation as a tool to negotiate. You need to make the decision yourself, of course, though.

**Upsy_Daisy**

thumper1970 wrote: »

Whereas, I'd go for new build anyday! Have had two, and both excellent houses.

As long as you go in with eyes open, and be prepared to get them to sort out the little issues that crop up.

And, we even sold one after just two years, £20,000 higher than we'd purchased!

I'm pleased you're happy with them :money:

I work with companies who develop new build for shared ownership sale and also social rent, they're a corporate joke

UD

**Upsy_Daisy**

tb1105 wrote: »

next door to us is another couple on the homebuy scheme, so key workers. On the other side of us is a 4 bed, couple with a kid.

It is overpriced as valuation has come back at £180k, they advertised at £189,500 but that's why you get a survey done

Quality of the build - builders are builders, all houses were built by builders at some point!

Size of rooms - modern houses are smaller than older houses but we want a newbuild as we don;t want to inherit other peopl'e problems or bodged jobs and love the idea of having our own new house that we can have made and fitted exactly how we want it.

Land - used to be a very very big field on the outskirts of the town we live in. They have been developing on it for a good 2 years and will be goin for a long time yet!

In that case I wish you many happy years in your new home - I promise not to come back in two years to your subsequent post and say I told you so

UD

dawyldthing

Thing is with sales people is there all commission based. I've always been told try to get 10% knocked off the sales price, and in honesty i recogn you could do. There just dragging their heels, but the problem is that you haven't seen the finished project. The show homes are often made to a high spec too. If it was me I would try and get more money off, especially when in these current times they will be struggling to sell it anyway, so should be giving you more and not less.