Negotiating with Builders what should I do now !!!

fimonkey

You didn't do anything for a week last time and they came back to you, so try the same tactic...

Other things to consider:
When do you need to be out of your house which you say you've sold already? (ie hoe much time do you have to look around and keep the developers hanging on)?
Any other houses your interested in?

chickmug

poppysarah wrote: »

This house cost them 60k to build

Do you have some inside information here?? ;-)

bulldog14

Thank you for all your advice and thoughts on this issue.
We do have time on our side at the mo, as we are not expecting to exchange on our house until the end of July.
I think the builders are weakening though...they phones us today and said that they'd do it for 182 and pay our stmp duty!! They gave me the sales pitch telling me what a great offer it was and that I was stupid to refuse it!! I did refuse it! Minutes later I received a letter through the post about an offer they are now doing, where they pay £200 towards your mortagage for 5 years! This sounds a bit too good to be true! Does nyone know how this works? ie- what if you wanted to sell in those 5 years??

Jorgan_2

Exchanging at the end of July is probably not going to get you the best deal off the builder. Many have half year ends in June, if you can complete by the end of June, builders will usually chuck thousands at you. Three years ago a client of mine purchased a 4 bed for £168k, asking price was £199,950, they wanted a three bed at £165k but none were available for June completion.

Why not go back to the builder, tell them you have seen another property and ask them to come up with their best price for that plot, then shut up. It may take them a few days to come back to you, but they will contact you. Do not phone them for an update, let them do the chasing.

zippygeorgeandben

Keep us up to date with this one bulldog as I'm rooting for you! Don't give them an inch and you can be my inspiration when I buy my first house!!!

Ben

bulldog14

I'll certainly keep you updated! At the mo they seem to be calling every other day, so I doubt I'll hear from them tomorrow!!
I'm going to try really hard to stand my ground! I'm really holding out for the best deal possible!

geoffky

bleed them dry thats what they have been doing to the buyers for years

BettiePage

You have something that they need. Make them work for it.


Good luck.

zippygeorgeandben

Couldn't agree more Bettie Page.

Good luck with it bulldog!!

Ben

121legend

Offer them £184k and say thats your final final offer and that is to include the finished article...tell them you have the cash ready for them but you are not going any higher in a falling market and that the 184 offer you have made is for today only....after say 4pm for example your offer will be withdrawn from the tabel and no longer stand...i bet they will call you back within the hour and agree to it.???:beer:

bulld!!!4 wrote: »

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.