Help! We want a New build!!

neas

Yiou want a new build? Are you insane? :P

glen8

neas wrote: »

Yiou want a new build? Are you insane? :P

We just bought a new build, ask me in 10 years if we did the right thing

SquatNow

overlander wrote: »

If it is a small builder they will not want money tied up in an unsold house. If you really must buy the house pitch in with a -20% offer and blame it on the credit crunch. That way if it drops 30 % from the builders price you are only down 10 %.

I like that.

Translates as "prices are tanking but I won't admit it... negotiate a SMALL amount off then you wont lose as much money".

Why not just NOT BUY AT ALL UNTIL AFTER PRICES HAVE DROPPED AND NOT LOSE ANY MONEY?

People on here talk about doing deals so you don't lose as much money when prices fall.... how dumb is that? If prices are going to fall (which even the banks say they are!) then why not wait and buy after they've fallen?

gemima

'People on here talk about doing deals so you don't lose as much money when prices fall.... how dumb is that? If prices are going to fall (which even the banks say they are!) then why not wait and buy after they've fallen?'

Because some of us like myself have sold and are loathe to rent when they have children to think about. If it were just my husband and me then we wouldn't hesitate to wait.

overlander

I was trying to be nice :rotfl:

glen8

SquatNow wrote: »

I like that.

Translates as "prices are tanking but I won't admit it... negotiate a SMALL amount off then you wont lose as much money".

Why not just NOT BUY AT ALL UNTIL AFTER PRICES HAVE DROPPED AND NOT LOSE ANY MONEY?

People on here talk about doing deals so you don't lose as much money when prices fall.... how dumb is that? If prices are going to fall (which even the banks say they are!) then why not wait and buy after they've fallen?

depends what you call a small amount

MobileAddict

Thanks people!!! I appreciate your help!!

Well, the situation with us is that on a small development, every single house is different.Both in terms of layout and the types of rooms ie, some have en-suites, some have dressing rooms, etc...So the house we have reserved is the only one that has everything we want. So we have to stick to our guns on it and can't bail, because should someone be in the same situaiton as us and need everything that this one plot holds, it will be snapped up..

Which is why we don't want to shoot ourselves in the foot!!!

I'm just really concious that we could be paying 'x' for our house and someone else could be really cheeky and get another plot for 'y' and we are the ones that have just agreed to pay the asking price! I mean, if it was not a new build, we would not offer the asking price initially. Surely it opens negotiations, so why do people just pay the asking on new builds?!

The profit margins must be astonomical!!!!

Our deal from the offset was that they would pay all legal fees and stamp duty, so we needn't be bartering over that! But that has to be covered somehow and no doubt that is because the margins are massive!!!!

Any further help would be gratefully received!!!

Millions of thanks kind people! x x x

chickmug

Builders margins are no different to any other company so I wouldn't say they were massive.

Builders tend to haggle by giving each level of command increasing amounts they can, at their discretion, haggle with. So the on site sales staff may have a few thousands, then the sales manager has more, then the sales director has even more, then the MD or local MD for a large builder has even more. Even those in the chain of command have to justify (upwards) why they wish to give away, or have given away, the amount they are suggesting.

Ultimately it then depends of the other sales, in that period, being sufficient or not for that builder. Where a PLC, nearing year ends and such, they can be so desparate to hit targets for their shareholders they will buy sales with significant discounts. Usually though the really good discounts are on the crap plots/sites.

dubsey

I'm not usually one to nit-pick even though I'm female, but in your first post you said that the development isn't selling too well but in the last one you are concerned the house you want is going to be 'snapped up'?

Anyway, you say you have reserved the plot, so did you agree a price then for it? When we (almost) bought a new build (Bovis) we had to pay a £250 reservation fee but all the paperwork had the price on it.

With the other posters that have recently offered on new builds, they have all haggled and succeeded, so if you haven't committed to a price I would say haggle, what do you have to lose? If this is a home you want to live in for the next 20 years, then just make sure that you can afford the repayments even if rates rise because houses dropping won't be so much of an issue. My in laws bought a new build (individual built, not big developer) 35 years ago and are just considering that they may move in a couple of years. They paid £22k (very large 5 bed detached), managed to pay the mortgage through the nightmare 80's and was valued last year at £500k. Now they have no mortgage, even if the value of their house drops the value of something they move to will drop.

The development you are looking at sounds better because they are individual properties, but still no reason why you shouldn't try to get the best deal you can.

How long has your house been on the market for?

MobileAddict

Yeah, I know what you mean about my contradiction, but like I say, every single house is different, so my concern is that there is someone who wants a 3 bed, with en-suite and a study, and ours is the only one there, so we don't want to insult!

One of the reasons we like it is IF we wanted so sell on (which I can't see us doing for some time) and there are others on the market on the development, its not like they are identical!

Our house has been on the market since December, which was a poor time to put it up but its what they wanted us to do. When we did this, the price was on the reservation form. However, since then, they asked us to reduce ours and they reduced theirs in line with it, although they did it in monetary value and not percentage, which is something I will be pushing for if they want us to reduce again.