How Much Can You Negotiate Off a New Build House? A Buyer’s Guide

How much do you negotiate off a new build house is another of the most frequently asked questions that purchasers make when shopping property. Although new houses are usually sold as fixed price or non-negotiable, this is not the case. The developers just as the individual sellers have to do with market conditions, competition and deadlines that may affect the extent of room available to negotiate. Knowledge of these factors would save you thousands of dollars on purchase.

The reason Laundry Facilities Can Negotiate New Builds.

In contrast to homeowners who sell properties that are already in existence, developers are interested in clearing stocks fast. The unsold homes may tie up the capital, slow down the new projects, and raise the maintenance expenses. Due to this fact, the builders might be more flexible to the negotiation than some buyers are aware of. The value of leverage to be enjoyed however, is very much dependent on the local housing market, when you buy properties and how much the developer sells.

Typical Range of Discounts

How much can you negotiate off a new build house in the UK? Buyers could enjoy discount of up to 3-7% of the listing price, according to the demand. In lower markets or with a development that is almost finished, a few buyers note negotiation of up to 10 percent off. It may not be much but even 5 percent on a 400,000 property would be a 20,000 saving.

Alternative Negotiation Strategies to Price.

Price is not the only an area you can negotiation. It is the norm of builders to cushion the sales price that is advertised on their homes because this forms a point of reference to future purchasers. Instead they can be more accommodating to reward like:

• Upgrades: Complimentary or reduced cost kitchen devices, flooring or countertop.
• Closing Costs: Distributions to lower your out of pocket remittances at settlement.
• Prolonged Warranties: Additional cover on structural or cosmetic defects.
• Move-In Dates: Refinements that would work better with your own timing.

These are additional benefits that can save thousands without having to reduce the cost of headline purchases.

Timing Matters

New build negotiation can be reduced to timing. The finest opportunities tend to offer themselves:

• The time of year when the sales targets must be reached at the end of the financial quarter or year of the developer.
• When a project is about to be finished, and only several units are left.
• In a slow market, where the builders have to lure the reluctant buyers.

Coming in with pre-approved mortgage and willing to close as soon as possible leaves you with more bargaining power.

Final Thoughts

How much can you negotiate off a new build house depends on the case but one thing is definite, negotiation can take place. Although not always you can succeed in gaining tremendous decrease in list price, it is possible to get discounts, upgrades, or some financial benefits in order to get your purchase much cheaper. By the right approach, you can be assured of getting into the negotiation process and maximize your investment.