New Build Buying.

jen_br

Can anyone advise me about new house buying.

We found a new build house and I know what our max mortgage is. However I would like to negotiate on the price is this a common practice on a new build or is the price really the price.

I went to one site which had a house for 220k and they offered it to me for 205 but I think they were just desperate as they have a lot of houses to sell.

This other site doesn't have as many houses for sale. the house is 234,000 any ideas?

go_cat

What's your maximum because regardless of wether they will or won't negotiate this figure is still relevant

Some will negotiate some won't. Often it does depend how desperate they are to finish the development and move onto the next

Give it a go, don't offer you max to begin with tho as no room for movement

jimpix12

In my experience it mainly depends on how far along the development build is, and how many have been sold. Housebuilders give big discounts on the last few homes that 'won't' sell , even down here in the SE it's not uncommon to see 30% knocked off. But then there is often a reason the other houses are already sold and these ones aren't....

It also depends on where you are in the UK, is it a national builder or local, etc. The fact they offered you a ~10% reduction presumably without much negotiation sounds like you could get a lot more off.

louisa_84

We bought a new build and said our max price was X and when they said no, we [loud enough for the sales rep to hear] said we were going to the other development office on the same estate, within 10 minutes she had rang us to say she could accept the X amount lol. We and no intention of going to the other development as they all had integrated garages and we wanted detached for the floor space, and our house had been sat empty for 8 months so they were desp for the sale. It had already been reduced from £310K to £250k and it now means others paid £50k more than us, for a much smaller house with less parking and a tiny garden.

ankspon

DON'T buy WIMPEYS.

littlesparkles

I'm buying a Taylor Wimpey new build. I know people have posted bad things about new builds but surely not all of TW is bad an it depends on the site manager etc?

namecheck

littlesparkles wrote: »

I'm buying a Taylor Wimpey new build. I know people have posted bad things about new builds but surely not all of TW is bad an it depends on the site manager etc?

OH DEAR. Please do some research (plenty on this site).

Jimbo1976

With new build property if you are able to slightly delay your purchase it is worth waiting until the end of the financial quarter (these vary from developer to developer so its worth googling). Typically at the end of the quarter you are much more likely to get a big discount when there are targets to be hit rather than earlier on in the quarter.

Sounds strange I know but it is true for the big developers.

pinky83

We made the mistake of not negotiating on the price of our new build purchase - we were first time buyers so were a little naive on the whole thing. We brought a flat in a small block of 20 and several of the other residents negotiated on the price and all got theirs for less than the original asking price. It's worth a shot - the worst they will do is say no. Timing is everything though, as Jimbo1967 points out above, end of quarter (or even better, end of financial year) with give you more power as they will be keen to get rid and see their sales targets met.

Good luck!!

jen_br

Thanks where I live in scotland there is 3 new developments all within 10 miles of eachother.

This one has 30-40 houses (maybe 50 in total) and are about half sold. but only 4 left of the ones we want. They are a small company took over the site from a builder who went bust.

petalfairy

Have you seen the floor plans from taylor wimpey? They show miniaturefurniture, it is ridiculous when you see the dimensions, then see how muchfurniture you are supposed to be able to fit in. The garages are a joke, eventhey say you can only fit a small car in them. Who drives really small carsthese days, cars are getting bigger, new build home garages are gettingsmaller! go figure that out? Also the fittings are cheap! older houses havekitchens and bathrooms which have lasted decades, try getting a decade out of acheap kitchen, it doesn't happen. These houses aren't worth the money, theyalways tell you that you pay for quality, new fixtures and a warranty. Blowyour nose in that useless piece of paper because if you are lucky enough to geta good house structurally, it'll still be massively overpriced for everythinginternal. Don't be lazy and buy an older house and do the work yourself or atleast pay someone to do it for you. Money is saved and you then have a houseworth what you paid, so you can sell it and not be in massive negative equity.