New build overcharging

TroubledTarts

The question is not if the developer will drop the price but what would you be prepared to pay?

If you have a figure leave that on the table for them with the plot you are interested in.

You never know unless you ask.

RelievedSheff

Developers do drop the price of some properties. It just depends on the situation.

The one we are in now was heavily reduced as it was finished and sat empty and the developers wanted rid of it before their end of year.

We got a cracking deal on it with part exchange of our old house, £10k deposit contribution, stamp duty paid, legal fees paid, moving costs contribution and free flooring throughout.

RHemmings

RelievedSheff said:

Developers do drop the price of some properties. It just depends on the situation.

The one we are in now was heavily reduced as it was finished and sat empty and the developers wanted rid of it before their end of year.

We got a cracking deal on it with part exchange of our old house, £10k deposit contribution, stamp duty paid, legal fees paid, moving costs contribution and free flooring throughout.

How can it be known for an individual company when their end of year is? 

EDIT: Answer (I think): Filing history and accounts on Companies House 

Herzlos

They may not want to drop the price, because the house price history will show the value. They may offer some other kind of deal to result in you handing over less cash but keeping the price up.

If you've got a price in mind, there's no harm in approaching them with an offer. Worst case they say no.

dander

Developers will generally give you a price based on what you can offer them in return. If you can turn up with a chain free deal, ready to exchange and complete super-quickly, you'll get the best response to lower offer.

Mustlovedogs

RelievedSheff said:

Developers do drop the price of some properties. It just depends on the situation.

The one we are in now was heavily reduced as it was finished and sat empty and the developers wanted rid of it before their end of year.

We got a cracking deal on it with part exchange of our old house, £10k deposit contribution, stamp duty paid, legal fees paid, moving costs contribution and free flooring throughout.

Sounds amazing. I've previously had a good part ex deal with persimmon. This one is with Bellway and they're not budging. The property has been stood finished since before Christmas.

Mustlovedogs

dander said:

Developers will generally give you a price based on what you can offer them in return. If you can turn up with a chain free deal, ready to exchange and complete super-quickly, you'll get the best response to lower offer.

No chance of chain free unfortunately would either be part ex or part of a chain 

Mustlovedogs

Herzlos said:

They may not want to drop the price, because the house price history will show the value. They may offer some other kind of deal to result in you handing over less cash but keeping the price up.

If you've got a price in mind, there's no harm in approaching them with an offer. Worst case they say no.

We did ask them to up their offer and reduce it the other side but there was absolutely no budging. 

Mustlovedogs

RHemmings said:

RelievedSheff said:

Developers do drop the price of some properties. It just depends on the situation.

The one we are in now was heavily reduced as it was finished and sat empty and the developers wanted rid of it before their end of year.

We got a cracking deal on it with part exchange of our old house, £10k deposit contribution, stamp duty paid, legal fees paid, moving costs contribution and free flooring throughout.

How can it be known for an individual company when their end of year is? 

EDIT: Answer (I think): Filing history and accounts on Companies House 

Thanks will try and find out when their end of year is 

saajan_12

Mustlovedogs said:

Due to a recent part ex disaster with a new build developer not working out, I am currently considering whether to sell privately or redesign my ground floor

Essentially I'd be swapping for the same house for 200k more than they valued mine, same square feet, a mile away.... 

What's the background here? Why are you looking to sell an identical house, and what does a part ex have to do with it? There's inherently a 'new' premium which you've lost if you're selling a not-so-new house. So that could be some of the difference.