New build purchase - extras on top of part-ex?

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I've known a few people go down the p/ex route, and if you want an easy life, then its a good option.

As mentioned earlier, typically the builder will get 2 or 3 agents to give them a 6 week selling price, and then offer you this as the p/ex against full asking price on their property. Some will offer slightly less, 97%, of value.

But remember you do save on your agent fees, and its a sure thing.

The builders round our way, will normally take off 5% + pay stamp and carpets for buyers who are able to proceed. Properties over 300k, get around 20k discount.

Some builders are being sneaky, and have hiked the prices recently, to allow them to now offer big incentive packages, net effect to them = zero.

The only other bit of useful info, is to find out when their financial year end is, most builders will try to shift completed properties off of their books, so being in a go position 6-8 weeks before their year end can allow you to negotiate a good deal.

bylromarha

Just confirming the 30% increase in property value was required by our builder to p-ex. We pulled out in the end as they offered us a below market price for our house which they wouldn't budge on and wouldn't budge on their house price either. this was 2 months ago and the house is still for sale.

If the houses you are looking for are end of phase ones and they haven't sold yet, the builders have to shift these before they move on and offer good discounts on them. it's how we got ours.

IMO, sell your current house privately and try to get a good sale price on the new house you fancy.