New House Purchase

[morbix]

Hi all,

I am after some views, I am looking at purchasing a house in my native North East England. I appreciated with all going in respect of Brexit many will think this is not a good time to buy. However, this is a house we have been after for a while, my partner and I are both in (hopefully!) secure jobs and planning for the long terms so willing to take the risk. The question is what is a fair price to pay? The builder is Taylor Wimpey and the have offered to part exchange our current house with an offer which is slightly lower than what similar houses have sold for recently but not much in it. On the current house, am I being unrealistic in asking for a 10% reduction (either via increase in my part ex value, decrease in their sales price or paying part of the stamp duty - it could be a combination of all)

Thoughts would be really appreciated.

[morbix]

Thanks for the responses so far. I do agree that they have offered a realistic price for my property. The other factor is that the house will not be built until the end of the year so they still have time on their hands to wait for another buyer if I don't take it.

[morbix]

Thanks all for the comments so far. The builder has said that they would rather offer a slightly reduced value on the house and negotiate on the purchase price of the new one. I assume it allows them to move stock quickly and not recognises losses on the disposal of properties from an accounting perspective?

[morbix]

Quick update, we have agreed a slight increase on the PX price of our house and stamp duty paid. All in all I am pleased with the deal given that the house will be our dream home and won't be built until early next year which restricts the negotiation somewhat.

The options list seems to be a killer, I will see if I can get some discount off them as well.....