bloor homes new build-query please help

thefly51

hi all

I am putting this out to anyone who has recently purchased a home through bloor or a similar new build company. the run down

4 bed house- 3 plots of the same model remaining. 1 plot is totally finished and selling for £215k-no changes can be made to this plot. the next plot if ready in oct 2012 and on for £219k and the last plot is ready for jan 2013 and on for £225.

we are keen on the 2 plots that are still being built as it would allow us to modify the fittings etc. however I am unsure of how we should start negotitating. we have the 10% deposit in place and are requesting bloor offer a 5% gift on top of this but I am not sure how much else they will stretch to. they had said they can through in extra for the £219k property but can not do anything for the £225 property. should we go in with an ultra low offer or another tactic?

any help would be really appreciated from anyone.

many thanks

the fly51:cool:

caeler

There are tons of new build type threads, do a search.

If the plots are selling well with plenty of interest the developer won't do much for you. If they are just trying to get rid of the last few then they might do something to hook you. If they have not hooked you yet then they don't need you. I was hooked on my first visit by increasing decreases in the asking price and extra incentives, I paid a holding fee there and then and haven't looked back! Although at that point they stopped negotiating with me and I wasn't able to change anything.

There was a good thread a few days ago about what incentives others have recieved, you can find it here: https://forums.moneysavingexpert.com/discussion/4017849=

Also you should find out the addresses of the houses of the same type that have already sold, check out the sold for prices and that could also give you an idea of how flexible the developer might be - http://www.rightmove.co.uk/house-prices.html/svr/3110;jsessionid=3223E4231110F7FE7B7FD79B5F951351

Finally, when I bought Dec 2010, my mortgage provider (selected due to limited choice due to new build) required a 20% deposit. I don't know if restricted deals are still in place but best to check, new builds are different. Also gifted deposits are typically ignored by lenders.