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New build reservation/exchange/completion

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  • Hi thanks for that useful info!

    They will not budge. They have offered 3% discount on purchase price - that was without me asking. I’m since asking for stamp duty on top which makes it 7% and they won’t do a deal. 
    In a similar situation, may I ask what area are you in the uk. New developer in my area(midlands) isn't budging at all!
    [STRIKE]Deposit: 25000!!/15000[/STRIKE] Homeowner :j
    quidco cashbacks- 1142.81

  • Yes that is with the part ex. In my head I have written off what I’m losing on the p/x and just looking as if I have a smaller deposit. 

    They originally told us that the house must be completed for March for their figures. What does that mean for your June/December thing?

    I’m hoping to wait it out and come end of feb they will be more willing?!!
     According to me, you should be able to get better than market value for your part exchange. Since they might not want to reduce the sale price on actual property cos that would be available to public and might affect later sales. Whereas the part-exchange value is hidden from public and can allow the margin.
    [STRIKE]Deposit: 25000!!/15000[/STRIKE] Homeowner :j
    quidco cashbacks- 1142.81
  • newbridge said:
    Hi thanks for that useful info!

    They will not budge. They have offered 3% discount on purchase price - that was without me asking. I’m since asking for stamp duty on top which makes it 7% and they won’t do a deal. 
    In a similar situation, may I ask what area are you in the uk. New developer in my area(midlands) isn't budging at all!
    Sent you a PM
  • Is it still going to be a March completion? If it is then they should be getting desperate by now.
  • Sammyd159 said:
    Is it still going to be a March completion? If it is then they should be getting desperate by now.
    Yes website says Feb/March completion and sales manager told me they will want somebody in by end March for their targets. 

    They are playing real hard ball yet the number of properties they have released and available is increasing, not decreasing. 
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