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Haggling on new house price?
andymc29
Posts: 462 Forumite
We're looking to purchase a new build within the next year. We've had advice from friends that you can be quite cheeky with your offers and sometimes get a good deal.
What would be the reaction of the developer if we made an offer 20% below asking price? We've have about a 25% deposit.
What would be the reaction of the developer if we made an offer 20% below asking price? We've have about a 25% deposit.
Bank Loans: [STRIKE]£25000[/STRIKE] £0- Barclay Card 14%: [STRIKE]£2500[/STRIKE] £0- Student Loan: [STRIKE]£12,500[/STRIKE] £0
Current total [STRIKE]£40,000[/STRIKE] £0:j (100% PAID OFF)
Current total [STRIKE]£40,000[/STRIKE] £0:j (100% PAID OFF)
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Comments
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Suppose a lot depends on if 20% is £3k or £53k! Also, you tend to get a better deal on the last house on the development to sell. Although bear in mind, it probably won't be in the best location on the estate. Also, how is the estate selling generally? Some will have to reduce, others won't. See how they're doing and how long houses have been empty for...
Definitely compare against sold prices of 'second hand' houses.
Jx2024 wins: *must start comping again!*0 -
We're looking at an asking price of £399,995
The estate is brand new with only 8 houses out of 30 currently up for sale, half of these have gone in the last six months.Bank Loans: [STRIKE]£25000[/STRIKE] £0- Barclay Card 14%: [STRIKE]£2500[/STRIKE] £0- Student Loan: [STRIKE]£12,500[/STRIKE] £0
Current total [STRIKE]£40,000[/STRIKE] £0:j (100% PAID OFF)0 -
How did you do Andy?
We are in a similar situation to where you were and trying to work out how much we should offer/what a fair price is.:j Trytryagain FLYLADY - SAYE £700 each month Premium Bonds £713 Mortgage Was £100,000@20/6/08 now zilch 21/4/15:beer: WTL - 52 (I'll do it 4 MUM)0
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