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Money Off New Build
shandyboy
Posts: 5 Forumite
Hi All,
My partner and I are considering buying a new build house in the Cardiff area. The developer is Bryant homes and the asking price on their web site is £230K. With the housing market in its current state, what would be a realistic first offer? Have read of people offering as little as 75% of the initial asking price! Any advice/experiences would be appreciated.
Many thanks,
Shandyboy
My partner and I are considering buying a new build house in the Cardiff area. The developer is Bryant homes and the asking price on their web site is £230K. With the housing market in its current state, what would be a realistic first offer? Have read of people offering as little as 75% of the initial asking price! Any advice/experiences would be appreciated.
Many thanks,
Shandyboy
0
Comments
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If you don't feel embarrased at the amount you ask for then it's probably not enough! You have absolutely nothing to lose by starting low and playing it cool - you hold all the cards!! Good Luck!!
Is there a reason why you're looking at a new build?0 -
Try £160,000. If they say no wait 6 months and buy it for £160,000 or less. :rotfl::exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Thank you for your post. Reason for buying a new build is for peace of mind and greater possibility of a good buy. Had a look at barrats share price the other day, dropped from 448p to 76p in three months so these developers must be bricking it! Don't you think its a wise move?0
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Thank you for your post. Reason for buying a new build is for peace of mind and greater possibility of a good buy. Had a look at barrats share price the other day, dropped from 448p to 76p in three months so these developers must be bricking it! Don't you think its a wise move?
You'll stand to make a loss if you buy new build unless you're in it for a fair few years and/or don't have to sell (job/health etc..). You'd be better going for a previously owned house to minimize your risk, but anyhow now is probably not the best time to buy par se. Can you wait a few years?0 -
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Need somewhere to live now and do not want to rent. This is unfortunate as if I could wait another 12 - 18 months the prices would probably come down drastically!0
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Need somewhere to live now and do not want to rent. This is unfortunate as if I could wait another 12 - 18 months the prices would probably come down drastically!
if you rent, you could save yourself thousands (or 9% this year at least!) and pickup a bargain, plus you could be working on your deposit!0 -
You'll stand to make a loss if you buy new build unless you're in it for a fair few years and/or don't have to sell (job/health etc..). You'd be better going for a previously owned house to minimize your risk, but anyhow now is probably not the best time to buy par se. Can you wait a few years?
If you look at the statistics it's fairly clear that new builds have risen less (particularly flats) than older properties, and also now, are falling more. One thing that the statistics do not however cover is the costs that owners tend to spend on older properties (new kitchens, central heating, bathrooms) which tends to overstate the relative performance of old versus new (when judged on land registry brought/sold figures). I do agree that new properties will be more vulnerable, but would caution the OP against being over optimistic towards older stock as a consequence.0 -
monkeyman1974 wrote: »If you look at the statistics it's fairly clear that new builds have risen less (particularly flats) than older properties, and also now, are falling more. One thing that the statistics do not however cover is the costs that owners tend to spend on older properties (new kitchens, central heating, bathrooms) which tends to overstate the relative performance of old versus new (when judged on land registry brought/sold figures). I do agree that new properties will be more vulnerable, but would caution the OP against being over optimistic towards older stock as a consequence.
Whilst all true, you have the choice... buy new build and pay for the new kitchen/bathroom etc.. up front at a premium, or older and do this work as and when it suits you/required...0 -
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