Need some newbuild advice!

fleagle21

Hello!

Just wondering if any salespeople (esp Redrow/Barratt) or non salespeople could give an honest answer on what deals can realistically be done when buying a new build?
I've had a look around at previous threads but there doesn't seem to have been a definitive answer, and nothing very recent either.
Our situation is this: We are accepting an offer tomorrow (house only 3 weeks on the market, happening all a bit quick, eek!) and it's in Scotland so is binding once we agree. We're relocating to England, have a mortgage already agreed and a deposit available. The buyers for our house are looking at a lead time of 6-8 weeks but can flex to 12. We've been looking about at older houses but there always seems to be something 'missing'. We've seen a couple of developments and the houses have everything we'd like.
I think we're in a pretty strong position when it comes to negotiating - obviously it's a very easy sale for them as we have finances sorted and want to move quickly.
Realistically, what could we expect to achieve? We've seen one house in particular that is listed at £199,995. We're not that bothered about extras, more wanting money off. And not bothered about them paying stamp duty as that's being paid for us as part of our relocate, along with our solicitors fees etc.
Any help/advice appreciated. Thanks

fleagle21

Ok, no salespeople - thread title changed! So, anyone else who's done a good deal themselves recently?! Help muchly appreciated

spenno

I got 10% off a house on at £199,999 plus a dishwasher, plus a garden gate. They had already carpeted it and curtains/blinds throughout and alarm fitted.

I think I was just buying at the right time to some extent, house had been up for 215k, then raised to 220k, then put on as house of the week at 199k just a few weeks before I bought, and they hadn't sold any of the type for a while (since I bought mine another two have sold).

Anyway, you should be able to negotiate 10% with nothing to sell.

martinsurrey

Unfortunately its completely development, and time of the year dependant.

You can get the best deals under the following circumstances.

1) They have a lot of nearly completed unreserved stock on the development (so walk around with a site plan showing the available units, if they seem almost ready, its a good time to offer)
2) Its nearly the developers financial year end. They all have targets of units to legally complete before the year end and if you can reserve on with 8 weeks to go and agree to move in the week before year end, you can get a good discount.
3) The last few units on the site. Maintaining advertising and a sales office is very expensive, selling the last few units for a discount is much cheaper than keeping all the overheads for a few months.

What a developer has said the house price is, is just a release price, come in well under that and negotiate up, on a £199,999 house start around £175,000 and hope to pay £180-85k with white goods and carpets

arbrighton

If it is a new development, there won't be much doing in the way of deals as following valuations may come back lower based on the prices achieved rather than the release prices, which developer will be hoping for