New build devaluation HTB FTB help

hotnoise

Can’t say I agree with the advice from other people saying to go in with ridiculously low offers. They’re only looking at it from the point of view of investment value and not whether you really like and want the property. I think it’s a bit of short-termism, wishful thinking on their part.

If you really want it, I’d offer what it’s been valued at and hopefully the seller will compromise. There’s definitely economic uncertainty right now so I’d be surprised if they don’t.

jonnym8083

Tbf we would have paid 310 if valuation would have come in at that and would have exchanged by now so if do go with 280 or 290 we would be happy and like you say in long term it would have recovered. May see if we can get some additional incentives. If you don’t ask you don’t get 

jonnym8083

Just to update the developer has come back matching our lowest valuation of 280k taking 30k off the list price. Still have some concern over current climate as it’s just such unknown territory. However if the original valuation would have come in at 310k we would have probably already been exchanged before all this situation.