New build homes Persimmons - Cost & Offers

Bandy1987

Hi All,

We are looking at buying a new build house this year.

We are first time buyers and will more than likely take advantage of the HTB loan, the house we are looking at has a price from persimmons of £249K.

My question is, has anyone here ever bought a new house and put in an offer instead of accepting what they have priced it at? I know that they will offer us a builders discount aswell as free flooring etc however I wondered how they react to offers?

Look forward to hearing any stories regarding this aswell as how to get the most house for the best price (basically are there any tricks to drive down the cost of the house)

Thanks

penguineater

I was reading up about this a few weeks ago as I find it really interesting and I love a good deal. Google and this forum search turned up lots of stories if you want to find them to read.



It can come down to quite a few things such as:


Are they struggling to sell homes?


Are they close to selling all plots and only have a few left?


Are they already discounted?


etc.




For example, if a new build area is very popular then they most likely won't offer much, if any discounts as they'll sell themselves. In fact i've heard people will sometimes pay more than the asking price just to ensure they get a plot!



Another example: They have sold 75% of plots and don't have a lot of interest in the remaining, so they've already reduced the prices of the properties. They may either accept lower offers or throw in free stuff (or both) such as flooring, upgrades, stamp duty etc just to finish selling all plots.



A lot of it can come down to timing. One guy I read would have gotten free fitted wardrobes if he bought a day earlier as the carpenter was still on site.


So basically, if the development isn't super popular than you should be able to get a bit knocked off the price as standard. There is a lot of profit in new builds so they can afford to.


It is in the developers best interest to shift the properties ASAP so they can move onto a new development. The longer the homes sit there, the more it costs them to keep staff on-site etc. So a few grand off the price of the last remaining plots is automatic profit.


These are all second and third hand stories mind you, so I may be a little off on the details!

Bandy1987

Hi,

Thanks for the reply, yes ive read a lot of second hand stories from google and MSE,they seened a bit dated and aince theres abit of a new houaing boom ow i thought id get a recent take on it!