Haggling a New Build

NewbeB

I have recently sold my house but am hoping to buy a new build. It's going for 249,950 and they have said that that they can give a 10% interest free loan (charge on the house) and that's it.
I am quite new to this but they are basically saying that there is no movement on the price.
If I took the charge I'd be able to afford it, but given other posts it's the same as knocking them down 10%.
How can I haggling it down and still get it.
I think they know that I'm quite interested but don't want to appear too keen that I knock myself down and they don't give me any movement in the price.

stueyhants

In my opinion if you don't have to move straight away I would delay making any offers for a few months to see where the market goes this spring. The market seem to have run out of steam as indicated by the Halifax/nationwide house price index drops this month. However this could be a temporary pause and prices could continue going up but there is a lot of uncertainty out there such as a change of government and interest rate rises.

I’m currently buying a property but then my circumstances are different. You will have to weight up your own circumstances with what you think might happen to the market.

As for your offer, you really need to look at comparable property that has sold in your area in the last few months to derive a sensible offer.

poppysarah

New builds always overpriced.
Tell them no haggle then no deal. Walk away.

geoffky

Where i live prices have gone from 242k down to 199k for new builds....why would you risk that price drop?


16 January 2010 00:38:36

• Price changed: from 'From £209,995' to 'From £199,995' [IMG]chrome://property-bee/skin/user_comment.png[/IMG]

07 June 2009 19:35:26

• Price changed: from '£234,950' to 'From £209,995'
• Status changed: from 'New home' to 'New home, Premium Listing'

05 March 2009 15:50:36

• Brief Description changed: The Cedar is an attractive, well laid out, three storey detached home offering good living accommodation in a most sort after residential area. The ground floor benefits from a large lounge leading through to the dining room, which has patio doors opening to the rear garden. [IMG]chrome://property-bee/skin/user_comment.png[/IMG]

9 January 2009 13:49:59

• Price changed: from '£247,950' to '£234,950' [IMG]chrome://property-bee/skin/user_comment.png[/IMG]

foxsake123

I am having survey done this week on new build. Everyone told me to haggle as housebuilders couldn't give propertys away. I tried and all I got was the book price reduced by £30k and stamp duty paid. And no extras like everyone said I would get.
Whilst I wasn't particularly happy a few weeks ago now all 5 plots have gone and the fact that at the peak of the Market some poor soul paid £400k for what I'm buying I am very happy.
Usually housebuilders respond a lot better if you go in and negotiate with evidence of mortgage and or deposit. Otherwise they just think your a chancer.