What should we offer for a house?

propertyrental

What's a 'chalet' (as opposed to a bungalow?

It brings to mind a property that can only be occupied for 10 (whatever) months pa.......

koalakoala

I have been wondering that exact same thing!

horsewithnoname

Is a chalet bungalow one with an upstairs? Or a house to most people 😂

Slinky

Often with chalet bungalows the upstairs has dormers and sloping ceilings.

RHemmings

I wish you luck for a good response for your offer. 

BTW: Read this: https://hoa.org.uk/advice/guides-for-homeowners/i-am-buying/negotiate-new-build-house-price/   It sounds optimistic to me, but if you don't ask, you don't get. 

How much can you negotiate off a new build house?

New build home buyers negotiate a typical discount of 14% off the price, research by property tech company Unlatch found. But don’t get hung up on averages because the amount you’ll be able to negotiate will depend on a number of factors. So it’s vital to do your own research first – read on to find out what to do.

I would want to look more into that research, because 14% sounds to be a lot. 

EDIT: Here the same research is quoted as saying 'up to' 14% discount. This sounds more plausible to me. https://express-conveyancing.co.uk/5-steps-to-bagging-a-bargain-new-build/

Albermarle

horsewithnoname said:

Is a chalet bungalow one with an upstairs? Or a house to most people 😂

I think the difference is that a chalet bungalow will have most of the floor space on the ground floor, and there will just be a bedroom and maybe an en suite upstairs.

RelievedSheff

RHemmings said:

I wish you luck for a good response for your offer. 

BTW: Read this: https://hoa.org.uk/advice/guides-for-homeowners/i-am-buying/negotiate-new-build-house-price/   It sounds optimistic to me, but if you don't ask, you don't get. 

How much can you negotiate off a new build house?

New build home buyers negotiate a typical discount of 14% off the price, research by property tech company Unlatch found. But don’t get hung up on averages because the amount you’ll be able to negotiate will depend on a number of factors. So it’s vital to do your own research first – read on to find out what to do.

I would want to look more into that research, because 14% sounds to be a lot. 

EDIT: Here the same research is quoted as saying 'up to' 14% discount. This sounds more plausible to me. https://express-conveyancing.co.uk/5-steps-to-bagging-a-bargain-new-build/

It's often the incentives you get rather than discounts on the asking price.

We paid £210k for our new build which was the asking price (it had already been reduced from £225k over a number of months. But on top of that they took our old house in part exchange, gave a £10k deposit contribution, paid stamp duty, paid the legal fees, paid a moving costs contribution and free flooring throughout. 

The headline figures don't always tell the full story.

TheJP

fluffyfish said:

Hi folks, 

We’ve viewed a new build 3 bed chalet bungalow, high spec. 

The house is gorgeous the only bug we have is the back garden. It backs on to a quiet lane and overlooked by walkers, cyclists etc. The lawn is in absolute dire condition and would need a lot of landscaping to achieve a private garden. 

It’s a small development of 6 bungalows/ chalets. However, right next to it there is a plot of land which the same developer is going to build another 6 homes, but bigger and pricier. 

The first launchwith a different estate agent in early 2023, was unsuccessful. They were priced at £400k then. 

They are now on sale with a different estate agent at £375. On the market since the spring this year. 

We live in the village and know it’s a good location. 

My husband wants to put in an offer of £345k to begin with- do you think he’s mad? And will only call the estate agent 4 days after viewing as we “ dont want to seem too keen” 🤣
our top budget is £360k , maybe £365 at a stretch. 

Any insight and advice much appreciated. 

What's the rationale of going £30k under asking on an already reduced property? Sounds like you love the house, its way out of your budget and you have plucked a figure out of nowhere,

As for your husbands stance on not offering until 4 days later, has he bought a house before? There could be multiple people like you thinking we could try our luck and offer while he has his 4 day period and then goodbye house.

Make the offer and see what happens but be prepared that they say no, others offer slightly higher or you wait too long and miss it.

Albermarle

TheJP said:

fluffyfish said:

Hi folks, 

We’ve viewed a new build 3 bed chalet bungalow, high spec. 

The house is gorgeous the only bug we have is the back garden. It backs on to a quiet lane and overlooked by walkers, cyclists etc. The lawn is in absolute dire condition and would need a lot of landscaping to achieve a private garden. 

It’s a small development of 6 bungalows/ chalets. However, right next to it there is a plot of land which the same developer is going to build another 6 homes, but bigger and pricier. 

The first launchwith a different estate agent in early 2023, was unsuccessful. They were priced at £400k then. 

They are now on sale with a different estate agent at £375. On the market since the spring this year. 

We live in the village and know it’s a good location. 

My husband wants to put in an offer of £345k to begin with- do you think he’s mad? And will only call the estate agent 4 days after viewing as we “ dont want to seem too keen” 🤣
our top budget is £360k , maybe £365 at a stretch. 

Any insight and advice much appreciated. 

What's the rationale of going £30k under asking on an already reduced property? Sounds like you love the house, its way out of your budget and you have plucked a figure out of nowhere,

As for your husbands stance on not offering until 4 days later, has he bought a house before? There could be multiple people like you thinking we could try our luck and offer while he has his 4 day period and then goodbye house.

Make the offer and see what happens but be prepared that they say no, others offer slightly higher or you wait too long and miss it.

The property has been on the market for about 18 months, and for about 4 months since the price was reduced.
So seems unlikely there will be a sudden rush of offers.

Myci85

Albermarle said:

TheJP said:

fluffyfish said:

Hi folks, 

We’ve viewed a new build 3 bed chalet bungalow, high spec. 

The house is gorgeous the only bug we have is the back garden. It backs on to a quiet lane and overlooked by walkers, cyclists etc. The lawn is in absolute dire condition and would need a lot of landscaping to achieve a private garden. 

It’s a small development of 6 bungalows/ chalets. However, right next to it there is a plot of land which the same developer is going to build another 6 homes, but bigger and pricier. 

The first launchwith a different estate agent in early 2023, was unsuccessful. They were priced at £400k then. 

They are now on sale with a different estate agent at £375. On the market since the spring this year. 

We live in the village and know it’s a good location. 

My husband wants to put in an offer of £345k to begin with- do you think he’s mad? And will only call the estate agent 4 days after viewing as we “ dont want to seem too keen” 🤣
our top budget is £360k , maybe £365 at a stretch. 

Any insight and advice much appreciated. 

What's the rationale of going £30k under asking on an already reduced property? Sounds like you love the house, its way out of your budget and you have plucked a figure out of nowhere,

As for your husbands stance on not offering until 4 days later, has he bought a house before? There could be multiple people like you thinking we could try our luck and offer while he has his 4 day period and then goodbye house.

Make the offer and see what happens but be prepared that they say no, others offer slightly higher or you wait too long and miss it.

The property has been on the market for about 18 months, and for about 4 months since the price was reduced.
So seems unlikely there will be a sudden rush of offers.

It only takes one. We fell in love with a property last year, had been on the market for 18 months (2 sales fallen through in that time, last one 6 months ago) and were waiting on a mortgage broker to tell us the figures worked before putting in an offer as didn't want to mess the vendor around and felt that if it had been on so long, it was unlikely to suddenly be snapped up. We missed out on it, called to put in an offer to be told it had gone under offer a few days earlier. We were gutted.
If you love the house, don't sit around waiting. Ask yourself if you see tomorrow it's under offer, how will you feel.