new build negotiation?

gazzabboi

Anybody have any experience of buying a new home in the Colchester area? Or a new build at all recently. I have been round all of the developments and they are not willing to accept any lower than asking price. I'm looking at houses in the region of £195k. I have been offering £190k and getting nowhere, its only a 2% drop. They say they don't need to give a discount as houses are selling very well and people are prepared to pay the full , best they can do is include carpets. Reading peoples forums of getting big discounts off the asking price, i don't think they are at the moment.

okborednow

Well in my experience there are some discounts to be had but the popularity of help to buy means as the salesperson said most new builds are shifting pretty well. When we were looking we visited a Bellway development and a Barratt one. Bellway said they could give us flooring throughout and white goods or negotiate on price. Barratt would only give us flooring and white goods.

It depends what stage the development is at and which property it is. The ones Barratt was offering discounts on were the ones that were finished and they wanted to get shot of so they could move onto the next phase.

gazzabboi

I think that's the trouble, help to buy is shifting them quickly and they know it won't take them long for someone else to come along. I think when the next phases get released they are going to push their luck and put the prices up again though. I think I'm just going to have to pay full asking with flooring,

Guest101

Just wait 6 month's when someone on these new builds sells, they'll negotiate!

gazzabboi

Guest101 wrote: »

Just wait 6 month's when someone on these new builds sells, they'll negotiate!

One on the same development bought last years 4 £179, now up at £197. So doubt that.

Tancred

gazzabboi wrote: »

Anybody have any experience of buying a new home in the Colchester area? Or a new build at all recently. I have been round all of the developments and they are not willing to accept any lower than asking price. I'm looking at houses in the region of £195k. I have been offering £190k and getting nowhere, its only a 2% drop. They say they don't need to give a discount as houses are selling very well and people are prepared to pay the full , best they can do is include carpets. Reading peoples forums of getting big discounts off the asking price, i don't think they are at the moment.

You normally never get a discount on a new build, so why try? The housing market is picking up fast and is set to sky-rocket from next year with the new 'help to buy' scheme. It's not worth making a fuss for only £5k.

The north of England is completely different market altogether.

Paul_the_Painter

Stuff is easier to negotiate on than cash. They want the land registry to show a sale at the asking price. But the land registry doesn't know what was included in the sale. So flooring, garden, white goods, nicer fittings (light switches, kitchen, bathroom tiles etc) all possible. 20% off list price - forget it.

anokayperson

Have just been to the colchester developments ourselves. Most of the sales people were so apathetic and barely managed a smile - never mind offering incentives. This was because properties of all sizes are flying off the plans. They do not have to sell them just take the deposits. what did come across was what paul the painter above said - the prices are stuck at the advertised price due to land registry. If we had pushed them, maybe, we could have got something - but not much really. oh well --

gazzabboi

Tell me about it, you would think they would be nice to sell. Taylor wimpey especially. Looking at what has sold at the beggining of this year on them developments, most houses have gone at the list price.

gaz141

very odd, some posters on here would have you believe it is only the shared ownership buyers that have no wriggle room for negotiation and that anyone who can afford to buy outright can have the builders at their mercy and demand whatever discounts they want. Oh, and all new builds are for idiots and the desperate anyway

gazzabboi

Obviously not in good areas at the moment. Help to buy has obviously lifted prices and people are using the scheme. I think new build estates are fairly well presented, they are getting better now.