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Negotiating with Builders what should I do now !!!

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  • bulldog14
    bulldog14 Posts: 85 Forumite
    Only becasue we are going to be homeless in 7 weeks when our sale is completed!!
    My other half is dead against renting, as he feels we would be paying off someone elses mortgage! Looking at the prices of renting it seems that we would be paying the same as we would on a mortage.
    I also don't think I would feel that settled renting, knowing we would be on the move again! This next house is somewhere where we want to settle and stay for several years!
  • ailuro2
    ailuro2 Posts: 7,540 Forumite
    Part of the Furniture Combo Breaker
    If it costs £6,000 to rent for a year, but you can buy your ideal home for £18,000 less in a year's time, then is it good money after bad, or not?

    You have to do your homework on how much the market will reduce by.
    Then use the information to negotiate with the housebuilders.;)
    Member of the first Mortgage Free in 3 challenge, no.19
    Balance 19th April '07 = minus £27,640
    Balance 1st November '09 = mortgage paid off with £1903 left over. Title deeds are now ours.
  • Captain_Mainwaring_2
    Captain_Mainwaring_2 Posts: 1,124 Forumite
    chickmug wrote: »
    Do you have some inside information here?? ;-)

    Traditionally one third land, one third building costs and one third profit.

    Work it out for yourselves. The big boys cut land and building costs much harder than that.
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