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New Build Negotiation
ShannonE91
Posts: 3 Newbie
Hello All,
My partner and I are in the process of buying a new build.. We went to see a development, saw the show home fell in love with the location/layout/size everything.
However.. I got a bit overexcited. I was unaware the price of the house is negotiable, nor the stamp duty or optional extras.
At the moment, we have paid to reserve the plot but haven't yet signed anything as we did it over the phone and are going back in a few days to do the paper work (this also sounds dumb now in hindsight!)
But I'm wondering now, although we've paid and haven't signed anything whether we still have room to negotiate the asking price and all the extra bits?!
We can afford the house as it is, it seemed fairly priced but the extras are just not doable and I don't think I'd want the quality of them anyway if I was paying that inflated price for them.
We're actually in no rush, but did get sucked in by the whole it's the last one until next year, there's other interest blah blah 🙄 I know, I know.
But if we can save some money that would be great!
My partner and I are in the process of buying a new build.. We went to see a development, saw the show home fell in love with the location/layout/size everything.
However.. I got a bit overexcited. I was unaware the price of the house is negotiable, nor the stamp duty or optional extras.
At the moment, we have paid to reserve the plot but haven't yet signed anything as we did it over the phone and are going back in a few days to do the paper work (this also sounds dumb now in hindsight!)
But I'm wondering now, although we've paid and haven't signed anything whether we still have room to negotiate the asking price and all the extra bits?!
We can afford the house as it is, it seemed fairly priced but the extras are just not doable and I don't think I'd want the quality of them anyway if I was paying that inflated price for them.
We're actually in no rush, but did get sucked in by the whole it's the last one until next year, there's other interest blah blah 🙄 I know, I know.
But if we can save some money that would be great!
0
Comments
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When did you pay? What did you agree to? CRA 2015 allows a cooling off period in almost all selling circumstances. There may well be a way out of this if you act quickly. It's very easy to get sucked into the moment and not consider the full commitments you are making when it's spur of the moment. That's the reason these rules exist
0 -
Hi @ejc81
We paid on Sunday, and the agreement was we paid to take the plot off the market but if we changed our mind or the mortgage offer didn't come through as planned it would be fully refundable but we were to go back to the office to go through all the paperwork etc!0
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