Negotiating with Builders what should I do now !!!

bulldog14

I am currently in a great position as I have sold my house and looking to a buy a new build. Me and my partner have been looking for months and finally found our dream home. The house that we have seen is a brand new semi detatched 4 bed house in a great location. The house at the moment is a stop plot and has been available for some time. It has nothing in it except for the kitchen and bathroom units.

The site is small, and they are still building at the moment, although they have several plots which are currently available but haven't sold.
The house we want is on for £199950 and has dropped from £224k in 7 months. We currently have a good rapport with the sales lady as we have been to the site on many occasions before making our decision.
Last week I put in an offer of £178000 to include Stamp duty, carpets/flooring, built in wardrobes and turf in the garden.
My offer was rejected as they said they would be losing money !!!!

I wanted to let them sweat for a week, but during the week they phoned me a further 2 times asking me to slightly increase my offer. During the later phone call the sales lady hinted that going to £182k would clinch the deal.
Today I increased my offer to £182k thinking I would be signing on the dotted line. I recieved the phone call 2 hours later from the sales lady stating the Managing Director would agree to sell me the house as it is (a concrete shell ) at that price, but if I wanted all the incentives I would have to increase my offer even further.
I was told that the incentives add up to approx 6k and they couldn't do it for 182k but she said " Were not a million miles away"

I don't know what to do now as I don't really want to increase my offer due to the current market, Do I call there bluff and walk away or meet them half way ??

All advice welcome as I dont want to be ripped off by the builders !!
Thank you for reading my dilemma.

amcluesent

The dozy woman's likely on commission and is clueless on the meltdown in new builds. Ask to speak to the MD directly, he'll know that the getting any cash-flow now is essential to save his business.

poppysarah

This house cost them 60k to build.

Don't use their solicitors. (I'm nagging tonight!)
Refuse. Walk away.

bulldog14

I hadn't thought about speaking to someone above her, do you think this will help or will the md just reiterate what the sales advisor is telling me?

looby-loo_2

How would you feel if you lost your dream house?

amcluesent

Chances are the sales woman will be laid off this month. Get a banker's draft for £165,00 and go and see the MD and let him know he can shake hands for that or you're walking away.

Incisor

bulldog14 wrote: »

... I wanted to let them sweat for a week, but during the week they phoned me a further 2 times asking me to slightly increase my offer. During the later phone call the sales lady hinted that going to £182k would clinch the deal.
Today I increased my offer to £182k thinking I would be signing on the dotted line. I recieved the phone call 2 hours later from the sales lady stating the Managing Director would agree to sell me the house as it is (a concrete shell ) at that price, but if I wanted all the incentives I would have to increase my offer even further.
I was told that the incentives add up to approx 6k and they couldn't do it for 182k but she said " Were not a million miles away"

I don't know what to do now as I don't really want to increase my offer due to the current market, Do I call there bluff and walk away or meet them half way ?? ...

They want £185000 [my guess]. Do you want to pay that? That is the question. Don't think in terms of being ripped off or not, that only applies to differences of say 15%.

nelly_2

poppysarah wrote: »

This house cost them 60k to build.

Don't use their solicitors. (I'm nagging tonight!)
Refuse. Walk away.

probably closer to £120 with the land but yeah I agree they are still making plenty at £178

chappers

Personally speaking I would walk away, you say they are still working, you also say that it is a stop plot and that there are several completed houses still unsold also you say the price has been dropped.This should tell you that they can't sell these houses.
The sales woman has given you the time old line "we can't make/buy them for that"., what rubbish that house, will have cost less than £100K to build.
If this really is your dream home then, decide how much that is worth to you, but remember it is a 4 bed semi on an estate, my dream house is a castle in scotland with it's own sea loch an miles of river.

I would walk away come back in a few months time and see what you can get it for, just say to the sales lady we can't afford that and walk away and wait for the phone call.STAND FIRM and don't give in to their sales pitch.

geoffky

dont do anything for a week..simple as that

hearts

Why walk away for the sake of 3 grand? If you want it buy it.