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New Build - How much should we offer?
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Same with a House, a NEW house that is ...... house is £200,000 on the list. Haggle hard, ignore all incentives and go for the base price - settle on £160,000.
I very much doubt that house purchase would have negative equity ... do you, really?
Your example is more likely to be that the house was overvalued by 20 - 25% in the first place. Therefore when you get your so called bargain, it probably isn't such a bargain after all.0 -
shortchanged wrote: »Is that where you are then MrRee, that a new build is willing to knock 20% off the asking price?
I thought the housing market was really strong where you are and they were achieving nigh on asking prices.
You're the clown telling everyone that house prices are crashing around their ears .............. not me.
You and I both know that New Builds are over-priced by 20% - WHATEVER market they are being sold into.Bringing Happiness where there is Gloom!0 -
shortchanged wrote: »Your example is more likely to be that the house was overvalued by 20 - 25% in the first place.
KEEEERCHING!!!!
Penny finally dropped ...... Hooorah!Bringing Happiness where there is Gloom!0 -
You're the clown telling everyone that house prices are crashing around their ears .............. not me.
You and I both know that New Builds are over-priced by 20% - WHATEVER market they are being sold into.
Firstly I accept that there are regional differences in house prices and that London and the South East continues to be quite strong where as most other regions are showing declines. However, when you consider that London and the South East accounts for roughly 30% of the UK population and therefore housing market then it is going to skew the national average figures.
Secondly at least you admit that new builds (and many not new builds
) are majorly overpriced, therefore how can it be that they are that bargain that you say they are when even if you get that 20% off you are still only paying market value? 0 -
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shortchanged wrote: »Care to rephrase that?
NO!
And I'll explain why ....
New Builds ARE a bargain for those willing to make them so ....
They are overpriced by around 20% ... many people pay the inflated price, or are happy to take some low value, low cost, incentive.
Therefore, if you get 20% OFF you ARE getting a bargain compared to what others paid ....... a future look at the Land Registry will show you that you got a bargain, as the price paid for others around you will be higher (but, maybe they had 'free' carpets, cookers, curtains, furniture, etc.).
Values are dependent upon what the buyer values the property at, get two buyers wanting the same property (as is the case here in the South) and the value is driven up.
Builders, through their EA's, are very cute in their pricing .... and they WILL talk turkey.
New houses are priced to fit their market ...
Anyway, I don't want to take over this thread.Bringing Happiness where there is Gloom!0 -
A bargain in the same way that getting a £10 bag of crisps for £8 is a bargain.0
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So with your logic MrRee I could put my say £150,000 valued house on the market for £500,000 and accept an offer of £155,000 and the buyer would be getting a bargain.0
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shortchanged wrote: »So with your logic MrRee I could put my say £150,000 valued house on the market for £500,000 and accept an offer of £155,000 and the buyer would be getting a bargain.
EH?
No ... and you are just being silly now ... a bargain would be if I paid you £155,000 and EVERYONE else was paying £500,000 for the same property!!
I think you have lost the plot ....Bringing Happiness where there is Gloom!0 -
EchoLocation wrote: »A bargain in the same way that getting a £10 bag of crisps for £8 is a bargain.
Take the £ symbol away and, yes.
Getting a 10p bag of crisps for 8p IS a bargain.Bringing Happiness where there is Gloom!0
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