new house price help
Discussion
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'.
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!)Gassing Station | Finance | Top of Page | What's New | My Stuff