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New house negotiation

Legacy_user
Legacy_user Posts: 0 Newbie
in House buying, renting & selling
Hello!

We are thinking about buying a brand new house as first time buyers. How much should we be looking to “knock off” the asking price realistically?

Any help would be greatly appreciated:j
«1

Comments

  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    There is no one-size-fits-all. It's all down to how well that type of house is selling on that particular development.
  • billy2shots
    billy2shots Posts: 1,125 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Has it been built? Is it part of a development? If yes, Is it one of the early houses or the last ones to be sold?
    If it's built how long has it been up for sale for or how long has it been built?
    Much more info needed.
  • System
    System Posts: 178,380 Community Admin
    10,000 Posts Photogenic Name Dropper
    It’s part of a huge 20,000 house development that’s in one of the early stages so to be honest there’s plenty of choices on the way
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • diggingdude
    diggingdude Posts: 2,499 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    I doubt you will get any money off the price at the start of a development
    An answer isn't spam just because you don't like it......
  • billy2shots
    billy2shots Posts: 1,125 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Developers live to get people living on site ASSP as it's a good sign for new viewers to see.
    If you are very early then there will be deals to be had. If there is already plenty of people living there then it will be harder to get a deal.

    If you really want to live there then you have two choices. Go in low and be prepared to go up to secure the place or wait until nearer the end of the development to get a better deal.

    If it's quite early then they will be reluctant to knock money off the build as it sets president for other buyers. Your negotiating should be in them paying some/all the stamp duty and some off the property.
    What sort of figure are we talking (as that will tell us the stamp duty cost).?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    calmapal wrote: »
    It’s part of a huge 20,000 house development that’s in one of the early stages so to be honest there’s plenty of choices on the way


    Looks like you should be looking to "knock off" quite a lot then?
  • lisyloo
    lisyloo Posts: 30,094 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Crashy_Time wrote: »
    Looks like you should be looking to "knock off" quite a lot then?

    Why? there might be plenty of demand and they may say full price only

    Explain or keep quiet (said in the context of the poster being a persitent troll)
  • hazyjo
    hazyjo Posts: 15,475 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Make sure it's a long term house if you're buying on that big a development. You don't want to be wanting to move in say 5 years if they're still building as you'll be trying to sell a second-hand house and buyers will prob want the new ones meaning the hit you take may actually be higher than just the new build premium.
    2024 wins: *must start comping again!*
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Is there a link to the development?
  • k3lvc
    k3lvc Posts: 4,174 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Crashy_Time wrote: »
    Is there a link to the development?

    Why ? Will your 'expertise' suddenly become more valid if you know where it is ?
This discussion has been closed.
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