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New Build - how to negotiate this one

2

Comments

  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    They don't have to justify it to anybody.

    That's the price, take it or leave it. If you don't want to pay it, somebody else will soon enough.

    By all means try to talk 'em down, but if they don't want to play...
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    buggy_boy wrote: »
    Ignore this fool, his reply to everything is its over priced...

    The mortgage company will do a valuation, they are becoming quite cautious, if the valuation is lower than your offer you can always renegotiate...

    To show how silly Crashy's post is, the OP has not said anything about how much mortgage they would need if they even need one... Crashy... Negative equity is when you owe more than the house is worth... Unless you somehow know how much mortgage the OP is going to need how do you get to the idea they will be looking at hefty negative equity?...

    Crashy you say the OP "will" be looking at "Hefty negative equity", this can only be based on a big crash, nobody knows if or when there will be a Crash..


    Ok then, it is 135k more expensive than 18 months ago, the OP is going to lose money, is that more understandable ...:)
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    AdrianC wrote: »
    They don't have to justify it to anybody.

    That's the price, take it or leave it. If you don't want to pay it, somebody else will soon enough.

    By all means try to talk 'em down, but if they don't want to play...

    Not really a given in todays market.....but you never know :)
  • buggy_boy
    buggy_boy Posts: 657 Forumite
    Crashy_Time wrote: »
    Ok then, it is 135k more expensive than 18 months ago, the OP is going to lose money, is that more understandable ...:)

    Well 135k is the difference to another similar property, but as per OP the house they are actually looking at is on a bigger plot, not overlooked and higher spec, how much extra value that adds is impossible to detail given the information but must be at least some value so again your wrong...
  • the_quick
    the_quick Posts: 75 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    You could always appoint you own surveyor (RICS or similar) to do the valuation, I know it cost money but for property at this price you might be able to recover that very quickly, by price negotiations. And you will know the market value of the house.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    http://www.cityam.com/282963/mortgage-approvals-fell-steeply-february-housing-market


    Developer is trying it on IMO.
  • buggy_boy
    buggy_boy Posts: 657 Forumite
    Crashy_Time wrote: »
    http://www.cityam.com/282963/mortgage-approvals-fell-steeply-february-housing-market


    Developer is trying it on IMO.

    The link is irrelevant, stop trolling posts with the same irrelevant links you have got from housepricecrash
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    buggy_boy wrote: »
    The link is irrelevant, stop trolling posts with the same irrelevant links you have got from housepricecrash


    No, less mortgage lending is relevant to a thread about a developer and their price expectations.
  • buggy_boy
    buggy_boy Posts: 657 Forumite
    Crashy_Time wrote: »
    No, less mortgage lending is relevant to a thread about a developer and their price expectations.

    Its not relevant to the individuals situation, stop trolling peoples posts trying to change the topic... Why don't you post more in debate house prices forum on MSE?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    My advice to the OP is to just run away from this "deal", run fast.
This discussion has been closed.
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