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How much can I barter down the price of a new build?

What is a reasonable starting point for discussion for a new home? I am looking at a show home marketted at £425k, I wouldn't want to pay any more than £400k for it. I am taking into account the size of accomodation available, location and quality.

Asked on Jan 13 2013, House Prices in Southampton | Report content

Answers (1)

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  • Usually if you are buying without using the part exchange scheme and can move quickly there is room to barter. 25k off a house of that price isn't unreasonable, it is only roughly 6%. If you are in a strong position to proceed then it is worth a go, new builds are always over market value to begin with. Once a development is in the final phase, there are usually reductions anyway. Go in strong and stick to your guns. If they won’t budge and you want it, try a slightly smaller percentage drop and ask for a ‘lot of upgrades’. A house is worth what it is worth to the person buying it at the end of the day.

    Answered on Jan 14 2013, Report content

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