Some advice for First Timer

D4Kas

Hey Guys

So i'm a First Time Buyer (FTB) and been researching all about this house buying business! My partner and I have put a hold on a show home in Falkirk which is basically this a Maxwell 2 sold in Callendar Rise, Redding, Falkirk (sorry I can't post links).

The asking price is pretty high at £257, but i've got them down to £250 by just agreeing to take out all the furniture, which wasn't to our taste anyway. Thinking about how the general buying process works I was thinking of trying the following:

- Ask if my snagging report guy can take a look around the property so I can use the report to negotiate further.
- Go in with my offer which I am thinking of around £232k (based on £1250per sqm build cost at c170sqm + £20k land cost; or alternatively £250k minus 15% + £20k land costs).

We have agreed to do a part exchange with our flat so I know that will reduce my negotiating ability a little but can't hurt to be cheeky and negotiate as if I was buying normally.

Mortgage is fine at £250k but i just think asking price is a bit too high considering they had basic properties at £239k on their website. Plus my best mate who is an architect feels it is priced a little too high.

Any advice or thoughts guys about either the mortgage, negotiating or fact it's a show home?

Thanks!

King_Slayer

A property is worth, how much someone is willing to pay for it.

If you believe it is not worth the asking price and sellers won't budge on lower offers, then look else where.

If you really like it you run the risk of offering an insulting amount and another buyer purchasing the house. A risk you will have to take, however if you don't ask you don't get.