Making an offer on a new build

scarbouro

Anyone have any tips regarding this or know what's the norm for haggling when it comes to buying a new build?

Can it be done? Will the builder be open to it or do they normally just want the asking price end of?

The house we're buying is coming in around €7k over the original asking price when the extras are added on, flooring, tiling, appliances ect. We would obviously like to get the best price for the property but not sure how to go about it with a new build.

Thanks in advance.

Michael D Not Higgins

For most parts of Ireland at the moment, with the seller's market as it is, the price isn't going to be negotiable. It's likely there's other buyers right behind you willing to pay full price or more. If you're in a low demand area that might be different.

scarbouro

The houses wouldn't be in the most sought after area /location. We looked at these houses a number of years ago when they were being built first but at the time our circumstances were different.

I sent an email seeing if they would negotiate on the price.

doireannod

We recently waited for over 6 months for the builders to move on price for a new build. They categorically would not move. We were told it was a "selling price", not an "asking price". We waited and waited but they wouldn't budge. Eventually we gave in. Wishing ye luck!

scarbouro

doireannod wrote: »

We recently waited for over 6 months for the builders to move on price for a new build. They categorically would not move. We were told it was a "selling price", not an "asking price". We waited and waited but they wouldn't budge. Eventually we gave in. Wishing ye luck!

Thanks Doireannod. The builder's aren't giving in at the moment. Same as yourself, saying it's the selling price. Congrats on your new home.

davo10

Op, from your opening post, the house is €7k over asking price because of what you are spending on kitting it out. Appliances, tiling, flooring etc are not usually considered part of the asking price.

Your strategy has some risk attached to it, though you may have paid a booking deposit, you obviously have not signed a contract. Until that is signed, the house is not yours and the developer can send back your deposit and sell to someone else. So, if it is to expensive for you, you may need to consider pulling out, if you stall to long, there is a risk that you will receive your deposit in the post and the developer will sell to another buyer. I think most would now be surprised, given the demand at present, if a developer would negotiate on price, they know another buyer will be along soon.

scarbouro

davo10 wrote: »

Op, from your opening post, the house is €7k over asking price because of what you are spending on kitting it out. Appliances, tiling, flooring etc are not usually considered part of the asking price.

Your strategy has some risk attached to it, though you may have paid a booking deposit, you obviously have not signed a contract. Until that is signed, the house is not yours and the developer can send back your deposit and sell to someone else. So, if it is to expensive for you, you may need to consider pulling out, if you stall to long, there is a risk that you will receive your deposit in the post and the developer will sell to another buyer. I think most would now be surprised, given the demand at present, if a developer would negotiate on price, they know another buyer will be along soon.

I never said the house was too expensive for us, just asking weather or not negotiating on the price of a new build is doable.

davo10

scarbouro wrote: »

I never said the house was too expensive for us, just asking weather or not negotiating on the price of a new build is doable.

Asking is "doable" receiving is unlikely, waiting is risky, until the contract is signed, the property can be sold to someone else.