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    new builds - anyone purchased

    Banned
    When buying a new build do you put in an offer like you would buying an older house on the market, or do they only sell for what there asking, hope that made sense

    49 Comments

    We bought a new build (persimmon homes) , have been in just over 3 years now.

    The current financial climate suggests you might as well give it a try as house builders are struggling to sell new builds.
    We didn't, but did negotiate on deals within the house and got 5% deposit, carpets throughout, lanscaped garden, top of the range tiling from Porcelanosa, top of the range stainless steel oven rather than haggling on the actual price of the house.

    Original Poster Banned

    smithyp1;4503909

    We bought a new build (persimmon homes) , have been in just over 3 years … We bought a new build (persimmon homes) , have been in just over 3 years now. The current financial climate suggest syou might as well give it a try as house builders are struggling to sell new builds.We didn't, but did get 5% deposit, carpets throughout, lanscaped garden, top of the range tiling from Porcelanosa, top of the range stainless steel oven instead.



    Thanks smithy, i didnt know if it was normal practise to do this, or if the price is the price

    Banned

    yeah offer


    u thinking of buying then?

    M.S.E has a really good forum "House Buying, renting and selling".

    There are some really knowledgeable people on there that can help you with tips.

    ODB_69;4503923

    yeah offeru thinking of buying then?



    I am too...... you can have your own room dude. We were looking at this one, went round the area last night (which is only bout a mile away) sign said sold...... both time the agents updated their website!

    ]Worlds longest hyperlink

    Everything is negotiable, especially with how things are at the mo. Try for the price first then go for the extras.

    Haggle like hell Sass, they are desperate to shift stock ATM

    Banned

    MinstrelMan;4503977

    I am too...... you can have your own room dude. We were looking at this … I am too...... you can have your own room dude. We were looking at this one, went round the area last night (which is only bout a mile away) sign said sold...... both time the agents updated their website!]Worlds longest hyperlink



    SWEET!

    do you bring the models back from your photo shoots? what the rent?

    If you do get one Sassie - I strongly recommend you buy a "snagging" checklist. This will help you identify all the faults with the house.....

    MinstrelMan;4503977

    I am too...... you can have your own room dude. We were looking at this … I am too...... you can have your own room dude. We were looking at this one, went round the area last night (which is only bout a mile away) sign said sold...... both time the agents updated their website!]Worlds longest hyperlink




    Wow, only 165k for a 4 bed detached !!!!!

    Looks nice, can't believe how cheap it is though.

    thesaint;4503969

    M.S.E has a really good forum "House Buying, renting and selling".There … M.S.E has a really good forum "House Buying, renting and selling".There are some really knowledgeable people on there that can help you with tips.




    That's a good idea

    forums.moneysavingexpert.com/for…=16

    thesaint;4503969

    M.S.E has a really good forum "House Buying, renting and selling".There … M.S.E has a really good forum "House Buying, renting and selling".There are some really knowledgeable people on there that can help you with tips.



    would agree :thumbsup:
    Have been on there for advice recently myself

    smithyp1;4504003

    Wow, only 165k for a 4 bed detached !!!!! Looks nice, can't believe how … Wow, only 165k for a 4 bed detached !!!!! Looks nice, can't believe how cheap it is though.



    I did some digging earlier today, they gazumped (i believe thats the correct word) the sellers, to get it for £157k....... gutted!

    so there you go sas, play the game - try fool.co.uk for plenty o' tips

    Banned

    1 question I have though is HOW?

    MinstrelMan;4503977

    I am too...... you can have your own room dude. We were looking at this … I am too...... you can have your own room dude. We were looking at this one, went round the area last night (which is only bout a mile away) sign said sold...... both time the agents updated their website!]Worlds longest hyperlink


    huge hyperlink!!

    WOWWWW!! seriously fab price..... if u move there we will all know where u live!:p

    good luck with the move...the 4 beds indicates u might be thinking of a sibling for lil un?! hehe

    how what?


    Sas, having re-read you're OP I'm assuming you mean from the homebuilder?

    Banned

    MinstrelMan;4504041

    how what?



    how could you afford that if you dont work?

    Original Poster Banned

    thanks for the advice guys, will go have a looksie on mse, yes mm from the homebuilder

    ODB_69;4504257

    how could you afford that if you dont work?



    Good question

    ODB_69;4504257

    how could you afford that if you dont work?



    ignore that....... thought you were asking me

    sassie;4504260

    thanks for the advice guys, will go have a looksie on mse, yes mm from … thanks for the advice guys, will go have a looksie on mse, yes mm from the homebuilder



    Do your research on the homebuilder too then, finding out there financial position will put you in a better position for haggling.

    cassieismydoggie;4503985

    Everything is negotiable, especially with how things are at the mo. Try … Everything is negotiable, especially with how things are at the mo. Try for the price first then go for the extras.



    Agree. If you can sell before buying you will be in an even stronger position. Put embarassment aside and go for the best deal you can get.

    Original Poster Banned

    MinstrelMan;4504286

    Do your research on the homebuilder too then, finding out there financial … Do your research on the homebuilder too then, finding out there financial position will put you in a better position for haggling.



    WoolyM;4504744

    Agree. If you can sell before buying you will be in an even stronger … Agree. If you can sell before buying you will be in an even stronger position. Put embarassment aside and go for the best deal you can get.



    Thank you both for your input xx

    Not sure if it's mentioned in the tips elsewhere, but something we did with a newbuild purchase abroad (off plan), was to bring the developers to a point where we agreed a discounted price and then come back with a further request for reduced 'extras' on the build. Rather than face the possibility of losing the sale, they agreed to add the following for free
    - integrated fridge
    - build a wall not on the plans
    - upgrade to 'premium' fixtures and fittings
    They also agree to the following at cost price (we got quotes elsewhere and they were at least 40% higher)
    - lay topsoil in the garden
    - install extra airconditioning unit

    Always worth asking for more if they think they have the deal in the bag, especially if it is for things that will cost them very little as they have the workers/parts available already. In some cases they might even make an extra small profit, but as long as you get any extras you would have had to pay for outside of trade prices, then it's worth a shot.

    Banned

    MinstrelMan;4503977

    I am too...... you can have your own room dude. We were looking at this … I am too...... you can have your own room dude. We were looking at this one, went round the area last night (which is only bout a mile away) sign said sold...... both time the agents updated their website!]Worlds longest hyperlink



    Do you want to move because of your break in?

    DLM;4505043

    Do you want to move because of your break in?



    no want to move becuase I can now afford to buy rather than rent :thumbsup:

    Banned

    MinstrelMan;4505060

    no want to move becuase I can now afford to buy rather than rent … no want to move becuase I can now afford to buy rather than rent :thumbsup:



    Oh right, I didn't know you were renting.

    I would like to sell mine but the current climate is quite bad, it's a buyer's market.

    So you are in a good position.

    DLM;4505076

    Oh right, I didn't know you were renting.I would like to sell mine but … Oh right, I didn't know you were renting.I would like to sell mine but the current climate is quite bad, it's a buyer's market.So you are in a good position.



    I've never quite understood that comment, and I've heard it a fair bit. if your selling, then you'll also be looking to buy, and the economical climate effects us all, so you wouldnt be getting any more or less than for your money than you would have done at the height of the boom, it may look like the advantage is on that of the first time buyer but banks are more reluctant to dish out mortgages. swings and roundabouts hun :thumbsup:

    Original Poster Banned

    MinstrelMan;4505098

    I've never quite understood that comment, and I've heard it a fair bit. … I've never quite understood that comment, and I've heard it a fair bit. if your selling, then you'll also be looking to buy, and the economical climate effects us all, so you wouldnt be getting any more or less than for your money than you would have done at the height of the boom, it may look like the advantage is on that of the first time buyer but banks are more reluctant to dish out mortgages. swings and roundabouts hun :thumbsup:



    ive never quite understood it either, bad time to sell if you are planning on renting (to release capital) as the interest rate is too low, but if your selling to buy then there really isnt alot of diiference in it, as for first time buyers they are struggling to get anything as house prices are lowering but as said banks aint giving

    Banned

    MinstrelMan;4505098

    I've never quite understood that comment, and I've heard it a fair bit. … I've never quite understood that comment, and I've heard it a fair bit. if your selling, then you'll also be looking to buy, and the economical climate effects us all, so you wouldnt be getting any more or less than for your money than you would have done at the height of the boom, it may look like the advantage is on that of the first time buyer but banks are more reluctant to dish out mortgages. swings and roundabouts hun :thumbsup:



    I think it means, if you only need to buy you will be able to negotiate a good price because there are a lot of house's on the market.

    means getting mortgatges are hard and ull probably be negative equity within a few weeks!!!

    Original Poster Banned

    magicbeans;4505150

    means getting mortgatges are hard and ull probably be negative equity … means getting mortgatges are hard and ull probably be negative equity within a few weeks!!!



    people are already in that position who purchased years ago, its like everything theres always going to be a high and a low, houses are harder to sell at mo because theres to many about and banks aint giving out easily, but f you can find a mortgage it is an ok time to buy

    yeah equity will go back up if ur there for long enough...like u said...its mortgages!

    magicbeans;4505150

    means getting mortgatges are hard and ull probably be negative equity … means getting mortgatges are hard and ull probably be negative equity within a few weeks!!!



    my understanding of the term negative equity is mainly aimed at people that took 100% mortgages, becuase the price dropped below the value of your mortgage, I've got a 30% deposit (based on that house that I showed) so house price would surely have to drop by that price to see me in negative equity. am I right in that assumption?

    Original Poster Banned

    my friends daughter wants to move and her house is 30.000 down from what her mortgage is so she cannot afford to sell, but to be honest once the house have moved up by 30.000 so will the new house she wants, no win

    MinstrelMan;4505276

    my understanding of the term negative equity is mainly aimed at people … my understanding of the term negative equity is mainly aimed at people that took 100% mortgages, becuase the price dropped below the value of your mortgage, I've got a 30% deposit (based on that house that I showed) so house price would surely have to drop by that price to see me in negative equity. am I right in that assumption?



    im not very clued up on it...but i guess equity wise on its own.... yes ur right....maybe someone else can answer correctly...
    ..but ud be paying a mortgae on a higher price then ur property is worth....so maybe its negative equity in that sense?!

    magicbeans;4505458

    im not very clued up on it...but i guess equity wise on its own.... yes … im not very clued up on it...but i guess equity wise on its own.... yes ur right....maybe someone else can answer correctly.....but ud be paying a mortgae on a higher price then ur property is worth....so maybe its negative equity in that sense?!



    well not really unless the house price drops by 30% then the mortgage covers the gaffe, effectivly my deposit covers the dip in house price before they hopefully rise again.

    MinstrelMan;4505505

    well not really unless the house price drops by 30% then the mortgage … well not really unless the house price drops by 30% then the mortgage covers the gaffe, effectivly my deposit covers the dip in house price before they hopefully rise again.



    defo!! ur clued up :thumbsup:

    magicbeans;4505517

    defo!! ur clued up :thumbsup:



    well I'm basing that on assumptions, I'm hoping someone here can clear it up

    Personally I think the next few months will be a fantastic time for someone to buy their first home, whether it's new build Sassie ( no damp, draughty windows, efficient central heating....imagine that!! :-D ) or an existing property. There are going to be some desperate folk out there, keen to sell and take a big hit if need be, and that goes for new house builders too. Never pay what they are asking in the current climate, never, start offering way way low and come up a bit if necessary. I visit building sites as part of my job and some are cutting prices by a third, so haggle away :-D

    recession has jus started...surely first time buyers should hold out for now

    and its a big recession...weve had a few recessions but never one where almost all banks have closed down!!!!!!
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