We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
The Forum is currently experiencing technical issues which the team are working to resolve. Thank you for your patience.
Barratt Homes Negociation on Extras Help
themeatcleaver3
Posts: 2 Newbie
Hi,
(keeping all figures approximate to stay anonymous)
So I am looking at purchasing a new build Barratt Home's 4 bed semi-detached in the North of England for around £340,000. Currently it is very early doors on this property and is in one of the final phases of this development. The property is currently at the foundations in its build cycle and has been available for a couple of weeks, properties of similar type are still available and have been for about 3 months or so now to get an idea of selling rates.
I am a first time buyer and have a green light for this with a mortgage however negogiations with Barratt's have been tough. I know they don't like reducing the value of the property so I didn't try there and focused on cash incentives and extras.They would only offer 5% cash towards the Deposit or a Rate Reducer mortgage, or 3% cash with the kitchen included. I countered saying I wanted either 5% and flooring or 3% with flooring & kitchen to which they declined at this stage of the house build. So my questions are:
1) Has anyone had luck negotiating with Barratt's in the past?
2) By the way the salesman speaks he continuously says "at this stage of the build" so does that mean as the build progresses they would offer more and would someone know how much they can offer at each stage of the build please?
I am thinking of waiting it out as not in a rush and would rather get a deal I am happy with for this type of property.
Kind Regards,
Meat
(keeping all figures approximate to stay anonymous)
So I am looking at purchasing a new build Barratt Home's 4 bed semi-detached in the North of England for around £340,000. Currently it is very early doors on this property and is in one of the final phases of this development. The property is currently at the foundations in its build cycle and has been available for a couple of weeks, properties of similar type are still available and have been for about 3 months or so now to get an idea of selling rates.
I am a first time buyer and have a green light for this with a mortgage however negogiations with Barratt's have been tough. I know they don't like reducing the value of the property so I didn't try there and focused on cash incentives and extras.They would only offer 5% cash towards the Deposit or a Rate Reducer mortgage, or 3% cash with the kitchen included. I countered saying I wanted either 5% and flooring or 3% with flooring & kitchen to which they declined at this stage of the house build. So my questions are:
1) Has anyone had luck negotiating with Barratt's in the past?
2) By the way the salesman speaks he continuously says "at this stage of the build" so does that mean as the build progresses they would offer more and would someone know how much they can offer at each stage of the build please?
I am thinking of waiting it out as not in a rush and would rather get a deal I am happy with for this type of property.
Kind Regards,
Meat
0
Comments
-
Additional question:
1) Am I asking for too little?0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350K Banking & Borrowing
- 252.7K Reduce Debt & Boost Income
- 453.1K Spending & Discounts
- 242.9K Work, Benefits & Business
- 619.8K Mortgages, Homes & Bills
- 176.4K Life & Family
- 255.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards