Best discount off a new build house.
Discussion
What are your experiences.
Seen a few places out West, almost in my budget, a cash buyer, can move in straight away.
One house in particular has kept coming up on my searches over the past 2 months, on a small new build estate.
It's a little 2 bed with a tiny garden, but perfect for me as there's a drive that could fit 2 cars and an attached garage.
I'm guessing that it hasn't gone due to the other houses being family homes, but this one is not practical, unless you are only planning on one child.
It's £255k, so what lowball offer could I put in without looking like a t**t
Seen a few places out West, almost in my budget, a cash buyer, can move in straight away.
One house in particular has kept coming up on my searches over the past 2 months, on a small new build estate.
It's a little 2 bed with a tiny garden, but perfect for me as there's a drive that could fit 2 cars and an attached garage.
I'm guessing that it hasn't gone due to the other houses being family homes, but this one is not practical, unless you are only planning on one child.
It's £255k, so what lowball offer could I put in without looking like a t**t
croyde said:
What are your experiences.
Seen a few places out West, almost in my budget, a cash buyer, can move in straight away.
One house in particular has kept coming up on my searches over the past 2 months, on a small new build estate.
It's a little 2 bed with a tiny garden, but perfect for me as there's a drive that could fit 2 cars and an attached garage.
I'm guessing that it hasn't gone due to the other houses being family homes, but this one is not practical, unless you are only planning on one child.
It's £255k, so what lowball offer could I put in without looking like a t**t
Don't worry about looking like tSeen a few places out West, almost in my budget, a cash buyer, can move in straight away.
One house in particular has kept coming up on my searches over the past 2 months, on a small new build estate.
It's a little 2 bed with a tiny garden, but perfect for me as there's a drive that could fit 2 cars and an attached garage.
I'm guessing that it hasn't gone due to the other houses being family homes, but this one is not practical, unless you are only planning on one child.
It's £255k, so what lowball offer could I put in without looking like a t**t
t, what's the worst they can do?It depends on what the market will bear.
If they were keen to sell it for x, they might advertise it for x, but that might risk upsetting people who've paid more for the same.
They don't want to discount visibly.
They don't want to lose any sales which haven't gone through yet, which might happen if mortgage lenders got wind of price cuts.
If someone has bought with a 90% mortgage, a 15% price cut throws them into negative equity.
A lot of asking prices in the West Country have been reduced about 15% in the last 18 months, but it's not uniform across the board.
I think housing associations are buying cheaper new places, so limiting some price drops.
A lot of places just take several months to sell, then achieve a fairly high price.
People won't accept offers until they are proceedable.
If they were keen to sell it for x, they might advertise it for x, but that might risk upsetting people who've paid more for the same.
They don't want to discount visibly.
They don't want to lose any sales which haven't gone through yet, which might happen if mortgage lenders got wind of price cuts.
If someone has bought with a 90% mortgage, a 15% price cut throws them into negative equity.
A lot of asking prices in the West Country have been reduced about 15% in the last 18 months, but it's not uniform across the board.
I think housing associations are buying cheaper new places, so limiting some price drops.
A lot of places just take several months to sell, then achieve a fairly high price.
People won't accept offers until they are proceedable.
Sheepshanks said:
Of course, there may be a good reason why it remains unsold. Which could make it very tricky if you ever want to move on.
It'll be the home I die in, if I go for it.Then one of the kids can have it, or try to sell. I just need to get out of spending £18k a year on rent, and that's cheap for a 2 bed, the one beds round here are now more.
I think it's just the wrong size compared to the other houses. Small 2 bed, more small patio then garden, small kitchen with no inbuilt or free standing dishwasher, tumble dryer and washing machine.
There looks like room just for one white good. Doesn't bother me, but not much use for a modern family.
I just like the attached garage
Which is a must because as with most generic builds today, there's bugger all storage.
Edited by croyde on Saturday 12th July 20:02
Forget how much discount you’ll get - is there social housing on the estate and if so, how much - that would be my biggest consideration.
The estate I have a build on managed to get zero social housing included in their planning and because of that all the plots were in massive demand from the outset.
The estate I have a build on managed to get zero social housing included in their planning and because of that all the plots were in massive demand from the outset.
There are 2 bed houses to rent for under a grand a month in both Devon and Cornwall.
Dorset too.
You could move down and get to know what you might be buying into?
Some communities are not easy to slot into if you know what I mean.
Cheap house in small village sounds idyllic, but the social life for a single older bloke might be hard work.
If you have friends in London who would visit, Dorset can be a much more sensible drive after work on Friday.
In fact, if you just want to get out of London, there are options all along the South Coast.
200k is still actually a lot of money for real people who have to save it up or pay it back from a median wage job.
Thee are places you can have an OK house for <250k and a decent lifestyle with social opportunities.
Dorset too.
You could move down and get to know what you might be buying into?
Some communities are not easy to slot into if you know what I mean.
Cheap house in small village sounds idyllic, but the social life for a single older bloke might be hard work.
If you have friends in London who would visit, Dorset can be a much more sensible drive after work on Friday.
In fact, if you just want to get out of London, there are options all along the South Coast.
200k is still actually a lot of money for real people who have to save it up or pay it back from a median wage job.
Thee are places you can have an OK house for <250k and a decent lifestyle with social opportunities.
Thanks, I have looked at Dorset and closer to London but that £250k then means just a flat with all the problems that brings, plus no garage or little garden.
I haven't had a social life in years, so that doesn't worry me. As long as I can tinker with the car/motorbike and maybe grow some veg, I'll be happy
I haven't had a social life in years, so that doesn't worry me. As long as I can tinker with the car/motorbike and maybe grow some veg, I'll be happy
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