Considering making an offer on a new build

maddapple

We have seen a new build property that we really like, the property is a David Wilson home and is the last of its type on the development (although they are building for another 12 months or so).

Basically my question is what should we ask for as an incentive to buy. We are first time buyers renting and are able to move immediately.

They offered up immediately without question paying for stamp duty, with the purchase price being £340k that would about £10k, but further discussions with the sales person she said come with an offer and David Wilson will consider it.

The house already comes with white goods, turfed garden, built in wardrobes in most rooms and tiled bathroom, but no flooring or carpet.

Our first thoughts were to ask for additional 10k discount off the asking price, plus the cost of flooring and the stamp duty. What do you think?

Mickygg

I would go in at £320k plus stamp duty.I'd prefer to do flooring myself as some carpets from new build developers can be a bit naff.

maddapple

Hmm, still not sure what to offer, can you offend the builder? Or should i just try my luck and see what happens?

maddapple

Anyone else have a view?

pawlala

ask for the freehold as a gifted sum. That could save you 000's during the time you live in the house.

dimbo61

Developers will not want to drop the price as others have paid £340K for that type of property!
So if you can ask for extras, fencing all round, carpets,tile/laminate flooring, curtains, garage?
Check on rightmove to see what others have paid for the same type of house

hazyjo

If it's the last in a phase, they'll be desperate to shift it and have already said they'll take an offer.

It's the asking price you want down as much as possible. That's what'll still be relevant in say 5-10 years' time. We bought an 8 year old house a couple of years ago. They only 'made' less than 10% in that time, when older nearby properties have raked in tens/hundreds of thousands during the same period.

I would push for as many extras as possible too. Would also go in around the £320k figure, but not dead on. £318k or £322k or something. Am presuming you've compared prices to similar 'old' properties. The minute you buy and own it, it'll be second hand and you'll be selling it alongside these older properties. Don't pay too much of a premium for new build!

Jx

maddapple

It's quite difficult to ask for too many extra's as the house is allfitted out, with everything except for flooring. So I will ask for that but on £340k i would like a little more than some carpets. But thank you for your advise it is all gratefully recieved

maddapple

After taking the advise from the kind people on his board we managed to get 13k off the asking price 10k worth of stamp duty paid and also a 5k contribution towards flooring.

So all in all 28k!!

Squirrel1979

Hi there - was wondering how things were going with David Wilson, we are considering buying from them, either part ex or if we sell our place ourselves. Was good to hear you were able to negotiate. We are looking at a development in east Renfrewshire, are you in Scotland?

Thanks

Richard_Webster

The key question to consider is: "What are similar 5-20 year old houses in the area going for?" In 5 years time nobody is going to pay you more simply because your house is a few years newer than another similar one nearby.

Ther is usually a premium for newness, because sadly too many people pay too much for new houses. Ideally you want to negotiate all of that away by telling the sales lady that there is a very nice house a few roads away that is going for £xxx,xxx and therefore it isn't worth you paying more than £yyy,yyy for their new house.

Of course, canny builders build house types that are not represented locally so nobody knows what to compare them with e.g. "link-detachjd" or three storey "townhouses".