new house price help

new house price help

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Discussion

colin86

Original Poster:

278 posts

113 months

Wednesday 28th January 2015
quotequote all
i have saw a house i like the look of its on a new build site builders are persimmion homes the price is £181,000 a was just wondering what sort of figure you could get them down to??am a first time buyer so any help on this would be great

Maryben

93 posts

213 months

Wednesday 28th January 2015
quotequote all
Depends if it is still a plot or fully built. If still a plot they probably will not negotiate as they have plenty of time to find a buyer at the full price. If built and ready to be occupied (especially if their financial year end is approaching) you may find the developer more likely to offer incentives (stamp duty, carpets & white goods) rather than discounting the price as this could cause problems with future valuations on site. If there are incentives included be aware this could affect the valuation if you are borrowing at a high 'loan to value'.

mike9009

6,917 posts

242 months

Wednesday 28th January 2015
quotequote all
Maryben said:
Depends if it is still a plot or fully built. If still a plot they probably will not negotiate as they have plenty of time to find a buyer at the full price. If built and ready to be occupied (especially if their financial year end is approaching) you may find the developer more likely to offer incentives (stamp duty, carpets & white goods) rather than discounting the price as this could cause problems with future valuations on site. If there are incentives included be aware this could affect the valuation if you are borrowing at a high 'loan to value'.
Could the OP ask for cashback, so not to 'devalue' the development? (coming from a position of complete naivety!)